B. Riley Analysts Cut Earnings Estimates for Six Flags Entertainment Corp (NYSE:SIX)

Six Flags Entertainment Corp (NYSE:SIX) – Stock analysts at B. Riley decreased their Q2 2021 earnings estimates for Six Flags Entertainment in a research report issued to clients and investors on Monday, March 23rd. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $0.87 for the quarter, down from their previous estimate of $0.92. B. Riley currently has a “Neutral” rating and a $13.00 target price on the stock. B. Riley also issued estimates for Six Flags Entertainment’s FY2021 earnings at $2.01 EPS.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). Six Flags Entertainment had a net margin of 12.04% and a negative return on equity of 26.50%. The firm had revenue of $261.00 million during the quarter, compared to analyst estimates of $260.11 million. During the same period last year, the firm earned $0.93 EPS. Six Flags Entertainment’s quarterly revenue was down 3.2% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. Wells Fargo & Co reduced their target price on shares of Six Flags Entertainment from to and set an “underweight” rating for the company in a research note on Friday, February 21st. Oppenheimer lowered shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 18th. Janney Montgomery Scott lowered shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research note on Friday, January 10th. Jefferies Financial Group reduced their target price on shares of Six Flags Entertainment from $44.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, January 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $32.00 target price on shares of Six Flags Entertainment in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.30.

Shares of NYSE SIX opened at $15.58 on Wednesday. The firm has a market cap of $1.10 billion, a PE ratio of 7.42, a PEG ratio of 1.14 and a beta of 1.27. Six Flags Entertainment has a 1-year low of $8.75 and a 1-year high of $59.52. The company has a fifty day moving average price of $25.98 and a 200 day moving average price of $40.70.

A number of large investors have recently modified their holdings of SIX. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Six Flags Entertainment by 1.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,889 shares of the company’s stock valued at $714,000 after purchasing an additional 277 shares during the period. Navellier & Associates Inc raised its holdings in shares of Six Flags Entertainment by 1.0% in the 4th quarter. Navellier & Associates Inc now owns 29,746 shares of the company’s stock valued at $1,342,000 after purchasing an additional 299 shares during the period. State of Michigan Retirement System raised its holdings in shares of Six Flags Entertainment by 1.3% in the 4th quarter. State of Michigan Retirement System now owns 23,100 shares of the company’s stock valued at $1,042,000 after purchasing an additional 300 shares during the period. Captrust Financial Advisors raised its holdings in shares of Six Flags Entertainment by 4.8% in the 4th quarter. Captrust Financial Advisors now owns 7,056 shares of the company’s stock valued at $318,000 after purchasing an additional 321 shares during the period. Finally, Busey Wealth Management raised its holdings in shares of Six Flags Entertainment by 3.9% in the 4th quarter. Busey Wealth Management now owns 9,164 shares of the company’s stock valued at $413,000 after purchasing an additional 345 shares during the period. 80.45% of the stock is currently owned by hedge funds and other institutional investors.

In other Six Flags Entertainment news, Director Arik W. Ruchim purchased 600,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $30.88 per share, with a total value of $18,528,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arik W. Ruchim purchased 50,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were acquired at an average cost of $23.25 per share, for a total transaction of $1,162,500.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,494,016 shares of company stock worth $41,264,882 over the last three months. Insiders own 5.90% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $1.00 annualized dividend and a yield of 6.42%. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 44.64%.

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.

Further Reading: 52- Week Highs

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

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