SeaWorld Entertainment Inc. (SEAS) Receives Average Rating of “Hold” from Analysts
Shares of SeaWorld Entertainment Inc. (NYSE:SEAS) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are covering the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.62.
SEAS has been the topic of a number of research reports. Macquarie set a $13.00 price objective on shares of SeaWorld Entertainment and gave the stock a “hold” rating in a report on Tuesday, September 20th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, October 6th. JPMorgan Chase & Co. dropped their price objective on shares of SeaWorld Entertainment from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 5th. Credit Suisse Group AG upgraded shares of SeaWorld Entertainment from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $12.00 in a research note on Thursday, August 11th. They noted that the move was a valuation call. Finally, Janney Montgomery Scott restated a “neutral” rating and set a $14.50 target price (down previously from $19.00) on shares of SeaWorld Entertainment in a research note on Monday, August 8th.
Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock valued at $117,000 after buying an additional 597 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock valued at $134,000 after buying an additional 533 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of SeaWorld Entertainment during the second quarter valued at $144,000. Pitcairn Co. acquired a new stake in shares of SeaWorld Entertainment during the second quarter valued at $163,000. Finally, Laurion Capital Management LP acquired a new stake in shares of SeaWorld Entertainment during the second quarter valued at $182,000. Institutional investors own 96.73% of the company’s stock.
Shares of SeaWorld Entertainment (NYSE:SEAS) traded up 0.14% during midday trading on Tuesday, hitting $14.31. 1,567,930 shares of the stock were exchanged. The company has a market capitalization of $1.22 billion, a P/E ratio of 58.89 and a beta of 0.58. SeaWorld Entertainment has a 1-year low of $11.77 and a 1-year high of $21.85. The firm has a 50-day moving average of $13.21 and a 200-day moving average of $15.97.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $371.10 million for the quarter, compared to the consensus estimate of $377.19 million. SeaWorld Entertainment had a net margin of 1.52% and a return on equity of 12.97%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. On average, equities analysts expect that SeaWorld Entertainment will post $0.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio is presently 181.83%.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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