Six Flags Entertainment (SIX) Set to Announce Earnings on Thursday

Six Flags Entertainment (NYSE:SIX) will announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.90) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. The firm had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. On average, analysts expect Six Flags Entertainment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Six Flags Entertainment Price Performance

NYSE SIX opened at $23.53 on Thursday. Six Flags Entertainment has a fifty-two week low of $18.29 and a fifty-two week high of $28.99. The stock’s 50-day moving average is $25.01 and its two-hundred day moving average is $24.28. The firm has a market cap of $1.98 billion, a P/E ratio of 51.15 and a beta of 2.20.

Wall Street Analysts Forecast Growth

SIX has been the topic of a number of recent analyst reports. B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $31.00 in a research note on Thursday, April 18th. StockNews.com started coverage on Six Flags Entertainment in a report on Monday. They set a “hold” rating on the stock. Citigroup boosted their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Truist Financial boosted their target price on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $28.31.

Six Flags Entertainment Company Profile

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.