Cedar Fair (NYSE:FUN – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect Cedar Fair to post earnings of ($2.36) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Cedar Fair (NYSE:FUN – Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $371.12 million during the quarter, compared to analysts’ expectations of $365.13 million. Cedar Fair had a negative return on equity of 21.06% and a net margin of 6.96%. On average, analysts expect Cedar Fair to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Cedar Fair Stock Performance
Shares of FUN stock opened at $40.35 on Wednesday. Cedar Fair has a 12-month low of $34.04 and a 12-month high of $45.39. The business’s fifty day simple moving average is $40.70 and its 200-day simple moving average is $39.60. The company has a market cap of $2.07 billion, a PE ratio of 16.47 and a beta of 1.42.
Cedar Fair Announces Dividend
Analysts Set New Price Targets
Several research analysts have recently issued reports on FUN shares. StockNews.com began coverage on Cedar Fair in a research note on Tuesday. They issued a “buy” rating for the company. B. Riley reiterated a “buy” rating and issued a $52.00 price objective (up previously from $50.00) on shares of Cedar Fair in a research note on Friday, February 16th. Oppenheimer assumed coverage on shares of Cedar Fair in a research report on Thursday, February 8th. They set an “outperform” rating and a $49.00 target price for the company. Mizuho began coverage on Cedar Fair in a research report on Tuesday, March 26th. They set a “buy” rating and a $56.00 price target on the stock. Finally, KeyCorp upped their target price on Cedar Fair from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $50.00.
Get Our Latest Stock Analysis on FUN
About Cedar Fair
Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.
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