Six Flags Entertainment Corp (SIX) Expected to Post Earnings of $0.12 Per Share
Wall Street analysts expect that Six Flags Entertainment Corp (NYSE:SIX) will announce $0.12 earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Six Flags Entertainment’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.06. Six Flags Entertainment reported earnings per share of $0.02 during the same quarter last year, which would indicate a positive year over year growth rate of 500%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, February 20th.
On average, analysts expect that Six Flags Entertainment will report full-year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.20. For the next fiscal year, analysts forecast that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $1.76 to $2.61. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Six Flags Entertainment.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. The firm had revenue of $580.40 million during the quarter, compared to the consensus estimate of $583.59 million. During the same period in the prior year, the company earned $1.09 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year.
Six Flags Entertainment (NYSE:SIX) traded up $0.32 during midday trading on Friday, reaching $67.29. The company had a trading volume of 459,857 shares, compared to its average volume of 793,637. Six Flags Entertainment has a 1 year low of $51.25 and a 1 year high of $69.00. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53. The firm has a market cap of $5,640.00, a P/E ratio of 32.20, a P/E/G ratio of 3.71 and a beta of 1.18.
In other Six Flags Entertainment news, CEO James Reid-Anderson sold 41,008 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $65.06, for a total value of $2,667,980.48. Following the completion of the sale, the chief executive officer now directly owns 3,570,602 shares in the company, valued at approximately $232,303,366.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 281,139 shares of company stock valued at $18,706,366. 6.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Six Flags Entertainment by 9.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock worth $1,000,000 after purchasing an additional 1,421 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Six Flags Entertainment during the 2nd quarter worth $255,000. Thrivent Financial For Lutherans grew its holdings in shares of Six Flags Entertainment by 542.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock worth $46,718,000 after purchasing an additional 661,690 shares during the period. Legal & General Group Plc grew its holdings in shares of Six Flags Entertainment by 82.6% during the 3rd quarter. Legal & General Group Plc now owns 87,753 shares of the company’s stock worth $5,348,000 after purchasing an additional 39,689 shares during the period. Finally, Teachers Advisors LLC grew its holdings in shares of Six Flags Entertainment by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 136,543 shares of the company’s stock worth $8,139,000 after purchasing an additional 6,986 shares during the period. Institutional investors and hedge funds own 99.45% of the company’s stock.
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Six Flags Entertainment 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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