Six Flags Entertainment Corp (NYSE:SIX) Expected to Announce Earnings of $0.35 Per Share

Brokerages forecast that Six Flags Entertainment Corp (NYSE:SIX) will report $0.35 earnings per share (EPS) for the current quarter, according to Zacks. Ten analysts have made estimates for Six Flags Entertainment’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.47. Six Flags Entertainment posted earnings per share of $0.93 during the same quarter last year, which would suggest a negative year-over-year growth rate of 62.4%. The company is scheduled to report its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Six Flags Entertainment will report full year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.86. For the next year, analysts expect that the business will report earnings of $2.82 per share, with EPS estimates ranging from $2.56 to $3.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Six Flags Entertainment.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.30 by ($0.19). The company had revenue of $621.18 million for the quarter, compared to analysts’ expectations of $643.90 million. Six Flags Entertainment had a net margin of 18.02% and a negative return on equity of 38.61%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 EPS.

Several analysts have recently weighed in on SIX shares. Berenberg Bank cut shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. KeyCorp restated a “buy” rating and set a $57.00 price objective (down previously from $62.00) on shares of Six Flags Entertainment in a research report on Friday, October 25th. They noted that the move was a valuation call. B. Riley decreased their target price on shares of Six Flags Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. ValuEngine cut shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, SunTrust Banks decreased their target price on shares of Six Flags Entertainment to $54.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $60.00.

Shares of Six Flags Entertainment stock traded down $0.30 on Friday, hitting $44.60. 1,080,055 shares of the company traded hands, compared to its average volume of 1,949,679. The firm’s 50-day simple moving average is $47.14 and its 200 day simple moving average is $51.87. The company has a market cap of $3.88 billion, a P/E ratio of 13.81, a P/E/G ratio of 2.60 and a beta of 0.92. Six Flags Entertainment has a 12-month low of $40.72 and a 12-month high of $64.28.

In related news, CFO Marshall Barber sold 468 shares of Six Flags Entertainment stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.98, for a total value of $27,602.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Roedel bought 5,662 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $44.13 per share, for a total transaction of $249,864.06. Following the transaction, the director now owns 16,738 shares in the company, valued at $738,647.94. The disclosure for this purchase can be found here. In the last quarter, insiders sold 643 shares of company stock worth $37,865. 5.90% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Whitener Capital Management Inc. bought a new stake in Six Flags Entertainment in the 2nd quarter worth $44,000. Girard Partners LTD. bought a new stake in Six Flags Entertainment in the 3rd quarter worth $86,000. AdvisorNet Financial Inc bought a new stake in Six Flags Entertainment in the 3rd quarter worth $119,000. Victory Capital Management Inc. grew its holdings in Six Flags Entertainment by 8.0% in the 2nd quarter. Victory Capital Management Inc. now owns 3,115 shares of the company’s stock worth $155,000 after acquiring an additional 232 shares during the last quarter. Finally, Machina Capital S.A.S. bought a new stake in Six Flags Entertainment in the 2nd quarter worth $178,000. Institutional investors own 85.94% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Earnings History and Estimates for Six Flags Entertainment (NYSE:SIX)

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