Six Flags Entertainment (NYSE:SIX) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of ($0.86) per share for the quarter.
Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Thursday, February 14th. The company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.65. The firm had revenue of $269.50 million during the quarter, compared to analyst estimates of $284.50 million. Six Flags Entertainment had a net margin of 18.86% and a negative return on equity of 43.77%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 EPS. On average, analysts expect Six Flags Entertainment to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE SIX opened at $50.66 on Tuesday. The firm has a market capitalization of $4.26 billion, a P/E ratio of 15.68 and a beta of 1.13. Six Flags Entertainment has a 1-year low of $46.68 and a 1-year high of $73.38.
In other news, VP Brett Petit sold 27,750 shares of the stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $63.00, for a total transaction of $1,748,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kurt Matthew Cellar acquired 15,000 shares of Six Flags Entertainment stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of $49.46 per share, with a total value of $741,900.00. Following the completion of the purchase, the director now owns 70,116 shares in the company, valued at $3,467,937.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 29,139 shares of company stock valued at $1,827,495. Company insiders own 5.90% of the company’s stock.
A number of equities analysts recently weighed in on SIX shares. Zacks Investment Research raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Oppenheimer reduced their target price on shares of Six Flags Entertainment from $80.00 to $68.00 in a research note on Thursday, January 17th. Wells Fargo & Co raised shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. B. Riley reaffirmed a “buy” rating and issued a $57.00 target price (down from $72.00) on shares of Six Flags Entertainment in a research note on Thursday, March 28th. Finally, TheStreet lowered shares of Six Flags Entertainment from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Six Flags Entertainment currently has an average rating of “Hold” and a consensus target price of $62.40.
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About Six Flags Entertainment
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.
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