SeaWorld Entertainment, Inc. (NYSE:SEAS) Expected to Announce Earnings of $1.71 Per Share

Equities analysts expect SeaWorld Entertainment, Inc. (NYSE:SEAS) to announce earnings per share (EPS) of $1.71 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for SeaWorld Entertainment’s earnings, with the highest EPS estimate coming in at $2.05 and the lowest estimate coming in at $1.37. SeaWorld Entertainment posted earnings per share of ($0.96) in the same quarter last year, which suggests a positive year over year growth rate of 278.1%. The firm is expected to issue its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that SeaWorld Entertainment will report full-year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $3.40. For the next year, analysts expect that the business will report earnings of $2.96 per share, with EPS estimates ranging from $2.22 to $3.56. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Thursday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $1.22.

SEAS has been the subject of several recent analyst reports. B. Riley boosted their price objective on shares of SeaWorld Entertainment from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, August 6th. Stifel Nicolaus upped their target price on shares of SeaWorld Entertainment from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, July 15th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, August 11th. Finally, TheStreet cut shares of SeaWorld Entertainment from a “c-” rating to a “d+” rating in a research note on Monday, July 19th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $52.09.

In related news, insider Christopher Dold sold 2,000 shares of the firm’s stock in a transaction on Friday, July 30th. The stock was sold at an average price of $46.59, for a total value of $93,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. The PNC Financial Services Group Inc. purchased a new position in shares of SeaWorld Entertainment during the first quarter valued at $34,000. O Shaughnessy Asset Management LLC purchased a new stake in SeaWorld Entertainment in the 1st quarter valued at $53,000. Harvest Fund Management Co. Ltd acquired a new position in shares of SeaWorld Entertainment in the 1st quarter valued at $58,000. Simon Quick Advisors LLC lifted its stake in SeaWorld Entertainment by 29.2% during the 1st quarter. Simon Quick Advisors LLC now owns 1,769 shares of the company’s stock worth $87,000 after acquiring an additional 400 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in SeaWorld Entertainment by 338.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,914 shares of the company’s stock valued at $96,000 after purchasing an additional 1,477 shares in the last quarter.

Shares of SeaWorld Entertainment stock traded down $1.05 during trading hours on Wednesday, reaching $53.39. The company’s stock had a trading volume of 71,314 shares, compared to its average volume of 1,049,797. The stock’s fifty day simple moving average is $48.93 and its two-hundred day simple moving average is $50.96. SeaWorld Entertainment has a one year low of $18.39 and a one year high of $58.26. The company has a market capitalization of $4.23 billion, a P/E ratio of -95.51 and a beta of 2.41.

About SeaWorld Entertainment

SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.

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Earnings History and Estimates for SeaWorld Entertainment (NYSE:SEAS)

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