$0.35 EPS Expected for Six Flags Entertainment Corp (NYSE:SIX) This Quarter

Equities research analysts expect Six Flags Entertainment Corp (NYSE:SIX) to report $0.35 earnings per share for the current quarter, according to Zacks. Ten analysts have made estimates for Six Flags Entertainment’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.30. Six Flags Entertainment reported earnings per share of $0.93 during the same quarter last year, which suggests a negative year over year growth rate of 62.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Six Flags Entertainment will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.70. For the next year, analysts expect that the company will post earnings of $2.79 per share, with EPS estimates ranging from $2.56 to $3.08. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Six Flags Entertainment.

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

SIX has been the topic of a number of recent research reports. Berenberg Bank lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Wedbush lowered their price target on shares of Six Flags Entertainment from $62.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. SunTrust Banks lowered their price target on shares of Six Flags Entertainment to $54.00 and set a “buy” rating for the company in a report on Thursday, October 24th. They noted that the move was a valuation call. KeyCorp reissued a “buy” rating and issued 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. Finally, Zacks Investment Research downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Six Flags Entertainment has an average rating of “Buy” and a consensus price target of $60.33.

In other news, CEO Mike Spanos bought 10,950 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $45.73 per share, with a total value of $500,743.50. Following the transaction, the chief executive officer now owns 10,950 shares of the company’s stock, valued at approximately $500,743.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jon L. Luther bought 2,175 shares of Six Flags Entertainment stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $45.88 per share, for a total transaction of $99,789.00. Following the acquisition, the director now directly owns 63,417 shares of the company’s stock, valued at approximately $2,909,571.96. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 18,787 shares of company stock worth $850,397. 5.90% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Teza Capital Management LLC bought a new position in Six Flags Entertainment in the 2nd quarter worth about $225,000. BB&T Securities LLC grew its position in Six Flags Entertainment by 1.5% in the 3rd quarter. BB&T Securities LLC now owns 36,046 shares of the company’s stock valued at $1,828,000 after purchasing an additional 524 shares during the period. Hancock Whitney Corp increased its stake in Six Flags Entertainment by 14.1% during the 2nd quarter. Hancock Whitney Corp now owns 26,010 shares of the company’s stock valued at $1,292,000 after purchasing an additional 3,222 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Six Flags Entertainment by 48.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,029 shares of the company’s stock valued at $598,000 after purchasing an additional 3,943 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Six Flags Entertainment by 234.0% during the third quarter. Oppenheimer & Co. Inc. now owns 19,959 shares of the company’s stock worth $1,014,000 after buying an additional 13,983 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

SIX stock traded down $0.07 on Tuesday, reaching $42.62. The company had a trading volume of 875,303 shares, compared to its average volume of 1,248,701. The company’s fifty day moving average is $45.38 and its 200 day moving average is $51.07. The company has a market cap of $3.68 billion, a P/E ratio of 13.20, a PEG ratio of 2.49 and a beta of 0.93. Six Flags Entertainment has a 1 year low of $40.72 and a 1 year high of $64.28.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be given a dividend of $0.83 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.32 annualized dividend and a yield of 7.79%. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 102.79%.

About Six Flags Entertainment

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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