Q1 2024 Earnings Estimate for Six Flags Entertainment Co. (NYSE:SIX) Issued By B. Riley

Six Flags Entertainment Co. (NYSE:SIX) – Investment analysts at B. Riley dropped their Q1 2024 earnings per share estimates for Six Flags Entertainment in a research report issued to clients and investors on Thursday, April 18th. B. Riley analyst E. Wold now forecasts that the company will post earnings per share of ($1.05) for the quarter, down from their prior forecast of ($0.99). B. Riley has a “Buy” rating and a $31.00 price objective on the stock. The consensus estimate for Six Flags Entertainment’s current full-year earnings is $1.79 per share. B. Riley also issued estimates for Six Flags Entertainment’s Q1 2025 earnings at ($0.86) EPS.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The business had revenue of $292.55 million during the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%.

Other equities research analysts also recently issued research reports about the stock. Truist Financial raised their price objective on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. StockNews.com began coverage on Six Flags Entertainment in a report on Sunday. They issued a “hold” rating for the company. Finally, Citigroup upped their price objective on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.31.

Six Flags Entertainment Trading Up 1.4 %

NYSE:SIX opened at $23.77 on Monday. The stock’s 50 day simple moving average is $25.23 and its 200-day simple moving average is $24.20. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $28.99. The firm has a market cap of $2.00 billion, a P/E ratio of 51.67 and a beta of 2.20.

Institutional Trading of Six Flags Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Six Flags Entertainment during the 3rd quarter valued at about $549,000. New York State Teachers Retirement System boosted its position in shares of Six Flags Entertainment by 1.0% during the third quarter. New York State Teachers Retirement System now owns 81,574 shares of the company’s stock worth $1,918,000 after buying an additional 782 shares during the period. Victory Capital Management Inc. boosted its position in shares of Six Flags Entertainment by 26.4% during the third quarter. Victory Capital Management Inc. now owns 25,388 shares of the company’s stock worth $597,000 after buying an additional 5,302 shares during the period. Assenagon Asset Management S.A. bought a new position in Six Flags Entertainment in the 3rd quarter worth approximately $4,188,000. Finally, Jump Financial LLC increased its position in Six Flags Entertainment by 207.2% in the 3rd quarter. Jump Financial LLC now owns 40,030 shares of the company’s stock valued at $941,000 after acquiring an additional 26,998 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.