Zacks: Brokerages Anticipate SeaWorld Entertainment, Inc. (SEAS) to Announce $0.81 Earnings Per Share
Analysts expect SeaWorld Entertainment, Inc. (NYSE:SEAS) to post earnings of $0.81 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for SeaWorld Entertainment’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.87. SeaWorld Entertainment reported earnings of $0.77 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that SeaWorld Entertainment will report full year earnings of ($2.06) per share for the current year, with EPS estimates ranging from ($2.18) to ($1.89). For the next financial year, analysts forecast that the firm will report earnings of $0.41 per share, with EPS estimates ranging from $0.23 to $0.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.77. The company had revenue of $373.80 million during the quarter, compared to the consensus estimate of $395.24 million. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS.
SEAS has been the topic of a number of research analyst reports. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $25.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, June 16th. TheStreet lowered shares of SeaWorld Entertainment from a “c-” rating to a “d” rating in a research note on Tuesday, August 8th. FBR & Co lowered shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research note on Thursday, August 3rd. Finally, Macquarie cut SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $15.00 in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. SeaWorld Entertainment has an average rating of “Hold” and an average target price of $17.55.
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Shares of SeaWorld Entertainment (SEAS) traded up 3.08% during trading on Monday, hitting $13.39. The company had a trading volume of 2,427,173 shares. The firm has a 50 day moving average of $13.19 and a 200 day moving average of $15.99. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13. The stock’s market cap is $1.15 billion.
In other news, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hill Path Capital Partners Co- bought 64,300 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were purchased at an average price of $15.52 per share, for a total transaction of $997,936.00. The disclosure for this purchase can be found here. Insiders have purchased 1,556,869 shares of company stock worth $20,621,255 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC acquired a new stake in SeaWorld Entertainment in the second quarter valued at $214,000. Alpha Windward LLC acquired a new position in shares of SeaWorld Entertainment during the 2nd quarter worth about $403,000. Oppenheimer Asset Management Inc. increased its stake in shares of SeaWorld Entertainment by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock worth $428,000 after purchasing an additional 770 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of SeaWorld Entertainment during the 1st quarter worth about $486,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of SeaWorld Entertainment during the 2nd quarter worth about $499,000. Hedge funds and other institutional investors own 89.33% of the company’s stock.
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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