SeaWorld Entertainment (NYSE:SEAS) Releases Earnings Results

SeaWorld Entertainment (NYSE:SEASGet Rating) issued its quarterly earnings data on Thursday. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02, Briefing.com reports. The company had revenue of $504.80 million for the quarter, compared to analysts’ expectations of $504.35 million. SeaWorld Entertainment had a negative return on equity of 562.22% and a net margin of 16.87%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 earnings per share.

SeaWorld Entertainment Stock Up 3.2 %

Shares of NYSE:SEAS traded up $1.64 during trading on Friday, hitting $52.71. 1,563,380 shares of the company traded hands, compared to its average volume of 1,094,944. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 14.25 and a beta of 2.09. The business’s fifty day moving average is $47.01 and its 200-day moving average is $58.66. SeaWorld Entertainment has a one year low of $40.01 and a one year high of $76.57.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus dropped their target price on SeaWorld Entertainment from $94.00 to $66.00 in a research report on Wednesday, July 20th. KeyCorp lowered SeaWorld Entertainment to a “sector weight” rating in a research report on Tuesday, July 19th. Rosenblatt Securities assumed coverage on SeaWorld Entertainment in a research report on Monday, April 25th. They set a “buy” rating and a $92.00 target price on the stock. StockNews.com lowered SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Finally, B. Riley boosted their price objective on SeaWorld Entertainment from $76.00 to $79.00 in a report on Friday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.67.

Insider Transactions at SeaWorld Entertainment

In other news, CEO Marc Swanson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $41.07, for a total transaction of $164,280.00. Following the completion of the transaction, the chief executive officer now directly owns 174,129 shares in the company, valued at $7,151,478.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On SeaWorld Entertainment

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of SeaWorld Entertainment by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,260,747 shares of the company’s stock valued at $391,610,000 after buying an additional 155,068 shares in the last quarter. Invesco Ltd. increased its stake in shares of SeaWorld Entertainment by 579.7% in the first quarter. Invesco Ltd. now owns 1,122,612 shares of the company’s stock worth $83,566,000 after acquiring an additional 957,438 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SeaWorld Entertainment by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,059,041 shares of the company’s stock worth $78,833,000 after acquiring an additional 42,031 shares during the last quarter. State Street Corp increased its stake in shares of SeaWorld Entertainment by 2.6% in the first quarter. State Street Corp now owns 1,045,838 shares of the company’s stock worth $77,852,000 after acquiring an additional 26,743 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of SeaWorld Entertainment by 3,606.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 807,922 shares of the company’s stock worth $60,142,000 after acquiring an additional 786,122 shares during the last quarter.

About SeaWorld Entertainment

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SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Earnings History for SeaWorld Entertainment (NYSE:SEAS)

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