FY2018 EPS Estimates for Six Flags Entertainment Corp Boosted by Analyst (SIX)

Six Flags Entertainment Corp (NYSE:SIX) – Research analysts at B. Riley upped their FY2018 EPS estimates for Six Flags Entertainment in a research note issued to investors on Tuesday. B. Riley analyst B. Crockett now anticipates that the company will post earnings of $2.93 per share for the year, up from their prior forecast of $2.37. B. Riley currently has a “Buy” rating on the stock.

Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. TheStreet upgraded shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. FBR & Co restated a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, October 25th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price target on shares of Six Flags Entertainment in a report on Thursday, October 12th. Finally, SunTrust Banks restated a “buy” rating and issued a $70.00 price target on shares of Six Flags Entertainment in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $68.20.

Shares of Six Flags Entertainment (SIX) traded up $0.62 during mid-day trading on Thursday, hitting $67.87. 485,644 shares of the stock traded hands, compared to its average volume of 562,919. The stock has a market cap of $5,634.59, a price-to-earnings ratio of 32.47, a P/E/G ratio of 3.58 and a beta of 1.17. Six Flags Entertainment has a 1-year low of $51.25 and a 1-year high of $69.00. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.31. The business had revenue of $580.40 million for the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS.

In other news, Chairman James Reid-Anderson sold 78,614 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $66.32, for a total transaction of $5,213,680.48. Following the sale, the chairman now owns 3,520,146 shares in the company, valued at $233,456,082.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 281,139 shares of company stock worth $18,706,366 in the last quarter. Insiders own 6.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SIX. Prudential Financial Inc. raised its stake in shares of Six Flags Entertainment by 6.8% during the second quarter. Prudential Financial Inc. now owns 4,690 shares of the company’s stock valued at $280,000 after purchasing an additional 300 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Six Flags Entertainment during the second quarter valued at approximately $255,000. Alliancebernstein L.P. grew its position in shares of Six Flags Entertainment by 2.3% during the second quarter. Alliancebernstein L.P. now owns 94,059 shares of the company’s stock worth $5,607,000 after buying an additional 2,086 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Six Flags Entertainment by 5.4% during the second quarter. Teachers Advisors LLC now owns 136,543 shares of the company’s stock worth $8,139,000 after buying an additional 6,986 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Six Flags Entertainment by 7.7% during the second quarter. Nationwide Fund Advisors now owns 131,650 shares of the company’s stock worth $7,848,000 after buying an additional 9,400 shares in the last quarter. Institutional investors own 99.45% of the company’s stock.

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About Six Flags Entertainment

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Earnings History and Estimates for Six Flags Entertainment (NYSE:SIX)

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