United Parks & Resorts (NYSE:PRKS) Releases Earnings Results, Misses Estimates By $0.33 EPS

United Parks & Resorts (NYSE:PRKS) posted its quarterly earnings results on Monday. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.33), Briefing.com reports. United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.29) earnings per share.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $39.10 on Monday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 2.96 and a beta of 1.14. United Parks & Resorts has a 52-week low of $28.77 and a 52-week high of $56.95. The company has a 50-day simple moving average of $33.96 and a two-hundred day simple moving average of $36.36.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PRKS shares. Guggenheim dropped their price objective on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Citigroup lowered their target price on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft cut their price target on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $27.00 to $47.00 in a report on Friday. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, United Parks & Resorts currently has a consensus rating of “Hold” and an average target price of $49.50.

Hedge Funds Weigh In On United Parks & Resorts

Institutional investors have recently modified their holdings of the business. SkyView Investment Advisors LLC increased its position in shares of United Parks & Resorts by 1.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock valued at $787,000 after acquiring an additional 358 shares during the last quarter. Captrust Financial Advisors lifted its holdings in United Parks & Resorts by 4.9% during the second quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock worth $424,000 after acquiring an additional 420 shares during the period. Quarry LP purchased a new position in United Parks & Resorts in the third quarter worth $28,000. Swiss National Bank grew its stake in United Parks & Resorts by 1.5% in the 3rd quarter. Swiss National Bank now owns 53,300 shares of the company’s stock valued at $2,756,000 after purchasing an additional 800 shares during the period. Finally, Empowered Funds LLC bought a new position in United Parks & Resorts in the 4th quarter valued at $31,000.

United Parks & Resorts Company Profile

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.