Zacks: Brokerages Expect SeaWorld Entertainment, Inc. (NYSE:SEAS) Will Announce Earnings of $0.34 Per Share
Wall Street brokerages expect that SeaWorld Entertainment, Inc. (NYSE:SEAS) will report earnings of $0.34 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.26. SeaWorld Entertainment posted earnings per share of $0.21 during the same quarter last year, which would suggest a positive year over year growth rate of 61.9%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that SeaWorld Entertainment will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.84. For the next year, analysts expect that the firm will post earnings of $0.99 per share, with EPS estimates ranging from $0.80 to $1.22. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.13. The company had revenue of $186.40 million for the quarter, compared to analyst estimates of $205.59 million. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.56) EPS.
A number of equities research analysts have issued reports on SEAS shares. Zacks Investment Research cut shares of SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 3rd. FBR & Co restated a “buy” rating on shares of SeaWorld Entertainment in a research report on Monday, April 10th. Stifel Nicolaus restated a “buy” rating and set a $23.00 price target on shares of SeaWorld Entertainment in a research report on Friday, July 14th. BidaskClub lowered shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 14th. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of SeaWorld Entertainment in a research report on Wednesday, May 10th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.97.
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In related news, CFO Peter J. Crage sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $18.20, for a total value of $54,600.00. Following the sale, the chief financial officer now owns 275,435 shares in the company, valued at $5,012,917. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Delaware L.P. Sw sold 19,452,063 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $23.00, for a total transaction of $447,397,449.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 3,540,475 shares of company stock valued at $63,638,585. Insiders own 3.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Credit Agricole S A purchased a new stake in shares of SeaWorld Entertainment during the fourth quarter valued at approximately $100,000. Quadrature Capital Ltd increased its stake in shares of SeaWorld Entertainment by 231.3% in the fourth quarter. Quadrature Capital Ltd now owns 68,574 shares of the company’s stock valued at $1,299,000 after buying an additional 47,876 shares in the last quarter. State Street Corp increased its stake in shares of SeaWorld Entertainment by 4.7% in the fourth quarter. State Street Corp now owns 1,203,728 shares of the company’s stock valued at $22,787,000 after buying an additional 54,424 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of SeaWorld Entertainment by 5.9% in the first quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock valued at $6,721,000 after buying an additional 20,491 shares in the last quarter. Finally, Norges Bank bought a new position in SeaWorld Entertainment during the fourth quarter worth about $3,048,000.
Shares of SeaWorld Entertainment (SEAS) traded down 0.61% during midday trading on Tuesday, reaching $14.59. The company had a trading volume of 1,805,467 shares. SeaWorld Entertainment has a one year low of $11.77 and a one year high of $20.13. The company has a 50 day moving average price of $15.91 and a 200-day moving average price of $17.62. The firm has a market capitalization of $1.25 billion, a P/E ratio of 129.12 and a beta of 0.75.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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