Cedar Fair (FUN) to Release Earnings on Thursday

Cedar Fair (NYSE:FUN) will 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Cedar Fair (NYSE:FUN) last announced its earnings results on Thursday, February 15th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). Cedar Fair had a negative return on equity of 21.06% and a net margin of 6.96%. The firm had revenue of $371.12 million for the quarter, compared to the consensus estimate of $365.13 million. 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 Price Performance

Shares of NYSE:FUN opened at $40.39 on Tuesday. Cedar Fair has a 12 month low of $34.04 and a 12 month high of $45.39. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 16.49 and a beta of 1.42. The stock’s 50 day moving average price is $40.70 and its 200 day moving average price is $39.56.

Cedar Fair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. Cedar Fair’s dividend payout ratio is currently 48.98%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stifel Nicolaus upped their price target on Cedar Fair from $49.00 to $52.00 and gave the company a “buy” rating in a report on Friday, February 16th. Truist Financial dropped their price target on Cedar Fair from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Friday. KeyCorp upped their price target on Cedar Fair from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, February 16th. B. Riley reaffirmed a “buy” rating and issued a $52.00 price target (up previously from $50.00) on shares of Cedar Fair in a report on Friday, February 16th. Finally, Mizuho initiated coverage on Cedar Fair in a report on Tuesday, March 26th. They issued a “buy” rating and a $56.00 price target on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cedar Fair has an average rating of “Buy” and a consensus price target of $50.00.

Cedar Fair Company Profile

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.