United Parks & Resorts (NYSE:PRKS) Issues Quarterly Earnings Results

United Parks & Resorts (NYSE:PRKS) announced its quarterly earnings results on Tuesday. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.33), Zacks reports. United Parks & Resorts had a negative return on equity of 35.46% and a net margin of 9.09%.During the same period in the prior year, the business posted $1.45 earnings per share. United Parks & Resorts’s quarterly revenue was down 1.4% on a year-over-year basis.

Here are the key takeaways from United Parks & Resorts’ conference call:

• Second-quarter performance weakened: Revenue fell 1.4% to $483.3 million, attendance declined 2.9%, and adjusted EBITDA decreased $10.8 million to $195.5 million, pressured by the Easter calendar shift, lower international visitation, weather, and higher operating expenses.
• Guest spending remained a bright spot. Total revenue per capita increased 1.5%, led by a 5.1% rise in in-park per-capita spending from pricing, greater product penetration, technology upgrades, and improved food, retail, photo, and catering offerings.
• July revenue was preliminarily down approximately 2% as wildfires, poor air quality, excessive heat, and extended rain reduced attendance, although admissions and in-park spending per capita increased.
• Management cited several potential catalysts, including double-digit growth in advanced bookings for Discovery Cove and group business, ahead-of-last-year Howl-O-Scream bookings, new Sony Pictures intellectual property, and a new strategy aimed at meaningfully growing the 2027 pass base.
• The company repurchased 3.3 million shares for approximately $125 million in the quarter, remains on pace for $50 million of gross cost savings in 2026, and said credible third parties are assigning real-estate valuations that compare favorably with the company’s public-market enterprise value.

United Parks & Resorts Price Performance

Shares of NYSE PRKS traded down $0.39 during trading on Tuesday, hitting $45.12. The stock had a trading volume of 261,687 shares, compared to its average volume of 1,023,957. The firm has a fifty day moving average of $44.95 and a two-hundred day moving average of $38.56. The company has a market capitalization of $2.13 billion, a PE ratio of 17.09, a PEG ratio of 3.57 and a beta of 1.14. United Parks & Resorts has a 12 month low of $28.77 and a 12 month high of $56.95.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.76, for a total transaction of $294,080.00. Following the transaction, the insider directly owned 130,285 shares of the company’s stock, valued at $4,789,276.60. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On United Parks & Resorts

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in United Parks & Resorts by 11.7% in the 1st quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock valued at $556,000 after buying an additional 1,282 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after buying an additional 251,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of United Parks & Resorts by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock worth $4,651,000 after buying an additional 3,047 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of United Parks & Resorts in the second quarter valued at approximately $208,000. Finally, Invesco Ltd. grew its holdings in shares of United Parks & Resorts by 5.8% in the second quarter. Invesco Ltd. now owns 77,357 shares of the company’s stock valued at $3,647,000 after acquiring an additional 4,209 shares in the last quarter.

Wall Street Analyst Weigh In

PRKS has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Citigroup lifted their price target on shares of United Parks & Resorts from $38.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $56.00 price target on shares of United Parks & Resorts in a research note on Monday, July 13th. Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, UBS Group reissued a “neutral” rating and set a $45.00 target price on shares of United Parks & Resorts in a research report on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus price target of $47.00.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.