Press coverage about Six Flags Entertainment (NYSE:SIX) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Six Flags Entertainment earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.6052476780528 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- The Manufacturers Life Insurance Company Trims Position in Six Flags Entertainment Corp (SIX) (americanbankingnews.com)
- Six Flags to fuel Discovery Kingdom and Magic Mountain with solar … – Attractions Magazine (attractionsmagazine.com)
- Six Flags Entertainment Corp (SIX) Stake Boosted by Teacher Retirement System of Texas (americanbankingnews.com)
- American International Group Inc. Has $10.73 Million Position in Six Flags Entertainment Corp (SIX) (americanbankingnews.com)
- Six Flags and Cedar Fair Aren't Phoning It In This Summer (finance.yahoo.com)
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday. Stifel Nicolaus restated a “buy” rating and issued a $78.00 price target (up from $72.00) on shares of Six Flags Entertainment in a research note on Wednesday, February 21st. Wedbush set a $76.00 price target on Six Flags Entertainment and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, B. Riley restated a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $68.80.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $256.76 million during the quarter, compared to the consensus estimate of $252.75 million. Six Flags Entertainment had a negative return on equity of 41.55% and a net margin of 20.15%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. equities analysts forecast that Six Flags Entertainment will post 2.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.80%. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, February 15th. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 140.54%.
In other news, Chairman James Reid-Anderson sold 78,614 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $66.32, for a total value of $5,213,680.48. Following the completion of the sale, the chairman now directly owns 3,520,146 shares of the company’s stock, valued at $233,456,082.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Marshall Barber sold 597 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $66.57, for a total value of $39,742.29. Following the completion of the sale, the chief financial officer now directly owns 80,536 shares of the company’s stock, valued at $5,361,281.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 240,778 shares of company stock valued at $16,081,403. Insiders own 6.90% of the company’s stock.
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.
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