United Parks & Resorts (NYSE:PRKS) Announces Earnings Results

United Parks & Resorts (NYSE:PRKS) announced its quarterly earnings results on Wednesday. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.09, Briefing.com reports. United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. The company had revenue of $297.40 million during the quarter, compared to the consensus estimate of $286.88 million. During the same quarter last year, the firm earned ($0.26) earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year.

United Parks & Resorts Trading Up 4.0 %

PRKS traded up $2.07 on Thursday, reaching $53.69. 763,090 shares of the company’s stock were exchanged, compared to its average volume of 844,082. The business has a fifty day moving average price of $53.00. The firm has a market capitalization of $3.39 billion, a PE ratio of 14.22 and a beta of 1.83. United Parks & Resorts has a twelve month low of $40.87 and a twelve month high of $61.30.

Analysts Set New Price Targets

Several research firms have recently weighed in on PRKS. Truist Financial lowered their price target on United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Guggenheim initiated coverage on United Parks & Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $73.00 price objective for the company. Citigroup boosted their price objective on United Parks & Resorts from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price target on shares of United Parks & Resorts from $57.00 to $61.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, Mizuho increased their target price on United Parks & Resorts from $47.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.40.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $53.87, for a total value of $53,870.00. Following the sale, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other United Parks & Resorts news, insider Byron Surrett sold 1,082 shares of United Parks & Resorts stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $53.48, for a total transaction of $57,865.36. Following the completion of the transaction, the insider now owns 10,586 shares in the company, valued at $566,139.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kyle Robert Miller sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the transaction, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The disclosure for this sale can be found here. Insiders sold a total of 8,165 shares of company stock valued at $420,927 over the last quarter. 1.10% of the stock is owned by insiders.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.