According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “
SEAS has been the topic of a number of other research reports. Citigroup Inc. raised SeaWorld Entertainment from a neutral rating to a buy rating and lifted their price target for the company from $11.77 to $14.00 in a report on Thursday, September 22nd. They noted that the move was a valuation call. Bank of America Corp. reaffirmed a sell rating and set a $16.00 price target on shares of SeaWorld Entertainment in a report on Wednesday, September 21st. Dougherty & Co cut their price target on SeaWorld Entertainment from $6.00 to $5.50 and set a buy rating on the stock in a report on Friday, September 2nd. Macquarie set a $13.00 target price on SeaWorld Entertainment and gave the stock a hold rating in a report on Tuesday, September 20th. Finally, FBR & Co reissued an outperform rating and set a $23.00 target price on shares of SeaWorld Entertainment in a report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $15.07.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 14.54 on Thursday. The firm has a market cap of $1.24 billion, a PE ratio of 59.84 and a beta of 0.58. SeaWorld Entertainment has a one year low of $11.77 and a one year high of $21.85. The firm’s 50-day moving average price is $13.25 and its 200-day moving average price is $15.96.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. The company had revenue of $371.10 million for the quarter, compared to analysts’ expectations of $377.19 million. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Equities research analysts expect that SeaWorld Entertainment will post $0.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.75%. The ex-dividend date was Tuesday, September 27th. SeaWorld Entertainment’s payout ratio is 181.83%.
A number of institutional investors have recently bought and sold shares of the company. Teachers Advisors Inc. boosted its position in SeaWorld Entertainment by 3.1% in the first quarter. Teachers Advisors Inc. now owns 105,930 shares of the company’s stock valued at $2,231,000 after buying an additional 3,227 shares during the last quarter. Prudential Financial Inc. purchased a new position in SeaWorld Entertainment during the first quarter valued at $440,000. BlackRock Inc. boosted its position in SeaWorld Entertainment by 15.6% in the first quarter. BlackRock Inc. now owns 7,604 shares of the company’s stock valued at $160,000 after buying an additional 1,027 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SeaWorld Entertainment by 14,928.6% in the first quarter. JPMorgan Chase & Co. now owns 76,796 shares of the company’s stock valued at $1,617,000 after buying an additional 76,285 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in SeaWorld Entertainment during the first quarter valued at $1,855,000. Hedge funds and other institutional investors own 96.73% of the company’s stock.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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