Wall Street analysts expect that Six Flags Entertainment Corporation New (NYSE:SIX) will post sales of $442.09 million for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Six Flags Entertainment Corporation New’s earnings, with estimates ranging from $430.80 million to $452.60 million. Six Flags Entertainment Corporation New reported sales of $407.06 million in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The business is expected to report its next earnings results before the market opens on Wednesday, July 26th.

On average, analysts expect that Six Flags Entertainment Corporation New will report full-year sales of $442.09 million for the current year, with estimates ranging from $1.39 billion to $1.44 billion. For the next financial year, analysts anticipate that the business will report sales of $1.48 billion per share, with estimates ranging from $1.45 billion to $1.52 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Six Flags Entertainment Corporation New.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its quarterly earnings data on Wednesday, April 26th. The company reported ($0.63) EPS for the quarter, topping the consensus estimate of ($0.66) by $0.03. The company had revenue of $99.50 million during the quarter, compared to the consensus estimate of $107.58 million. Six Flags Entertainment Corporation New had a negative return on equity of 89.39% and a net margin of 8.26%. Six Flags Entertainment Corporation New’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period last year, the company earned ($0.51) EPS.

SIX has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and issued a $67.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Monday, April 24th. Stifel Nicolaus initiated coverage on Six Flags Entertainment Corporation New in a research note on Thursday, April 20th. They issued a “buy” rating and a $70.00 price target for the company. They noted that the move was a valuation call. Janney Montgomery Scott reissued a “buy” rating and issued a $67.00 price objective on shares of Six Flags Entertainment Corporation New in a report on Thursday, April 13th. SunTrust Banks, Inc. initiated coverage on Six Flags Entertainment Corporation New in a report on Wednesday, April 12th. They issued a “buy” rating and a $66.00 price objective on the stock. Finally, Zacks Investment Research raised Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Wednesday, June 28th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Six Flags Entertainment Corporation New has a consensus rating of “Buy” and an average price target of $66.55.

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Six Flags Entertainment Corporation New (NYSE:SIX) traded down 1.63% during midday trading on Thursday, hitting $58.64. The company’s stock had a trading volume of 1,205,760 shares. The company’s 50-day moving average is $60.39 and its 200 day moving average is $60.16. Six Flags Entertainment Corporation New has a one year low of $47.61 and a one year high of $65.19. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 51.39 and a beta of 1.15.

In related news, VP Brett Petit sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $64.95, for a total transaction of $1,299,000.00. Following the sale, the vice president now directly owns 150,433 shares of the company’s stock, valued at $9,770,623.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Usman Nabi sold 5,060,628 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $61.36, for a total value of $310,520,134.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,159,620 shares of company stock worth $316,956,774. 6.90% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Gradient Investments LLC raised its stake in Six Flags Entertainment Corporation New by 10.8% in the first quarter. Gradient Investments LLC now owns 103,350 shares of the company’s stock valued at $6,148,000 after buying an additional 10,093 shares during the period. Bank of Montreal Can raised its stake in Six Flags Entertainment Corporation New by 2,397.0% in the first quarter. Bank of Montreal Can now owns 66,669 shares of the company’s stock valued at $3,967,000 after buying an additional 63,999 shares during the period. GW&K Investment Management LLC raised its stake in Six Flags Entertainment Corporation New by 4.4% in the first quarter. GW&K Investment Management LLC now owns 824,337 shares of the company’s stock valued at $49,040,000 after buying an additional 34,515 shares during the period. Chesley Taft & Associates LLC raised its stake in Six Flags Entertainment Corporation New by 5.6% in the first quarter. Chesley Taft & Associates LLC now owns 12,200 shares of the company’s stock valued at $726,000 after buying an additional 650 shares during the period. Finally, Creative Planning raised its stake in Six Flags Entertainment Corporation New by 39.8% in the first quarter. Creative Planning now owns 2,218 shares of the company’s stock valued at $132,000 after buying an additional 631 shares during the period. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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