SeaWorld Entertainment Inc. (SEAS) Stock Rating Reaffirmed by FBR & Co
SeaWorld Entertainment Inc. (NYSE:SEAS)‘s stock had its “outperform” rating reaffirmed by equities researchers at FBR & Co in a note issued to investors on Tuesday. They presently have a $15.00 price target on the stock. FBR & Co’s price objective suggests a potential upside of 22.15% from the stock’s previous close.
Several other equities analysts have also issued reports on SEAS. Credit Suisse Group AG lowered SeaWorld Entertainment from an “outperform” rating to an “underperform” rating and set a $15.00 price target on the stock. in a research report on Thursday, May 26th. Wedbush reiterated a “neutral” rating and issued a $16.00 price objective (down from $18.00) on shares of SeaWorld Entertainment in a research report on Monday, June 27th. Zacks Investment Research upgraded SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 7th. Macquarie lowered SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $12.58 to $12.88 in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. cut their price objective on SeaWorld Entertainment from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.07.
SeaWorld Entertainment (NYSE:SEAS) opened at 12.28 on Tuesday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 50.53 and a beta of 0.60. SeaWorld Entertainment has a 12 month low of $11.77 and a 12 month high of $21.85. The stock’s 50 day moving average price is $12.99 and its 200-day moving average price is $16.42.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The business had revenue of $371.10 million for the quarter, compared to analyst estimates of $377.19 million. During the same period last year, the company earned $0.22 EPS. SeaWorld Entertainment’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities analysts anticipate that SeaWorld Entertainment will post $0.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Tuesday, September 27th. SeaWorld Entertainment’s payout ratio is 381.84%.
A number of hedge funds and other institutional investors have recently made changes to their positions in SEAS. BlackRock Inc. boosted its position in shares of SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock worth $117,000 after buying an additional 597 shares during the last quarter. Teacher Retirement System of Texas boosted its position in SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock valued at $134,000 after buying an additional 533 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in SeaWorld Entertainment during the second quarter valued at $144,000. Pitcairn Co. acquired a new position in SeaWorld Entertainment during the second quarter valued at $163,000. Finally, Laurion Capital Management LP acquired a new position in SeaWorld Entertainment during the second quarter valued at $182,000. Institutional investors and hedge funds own 96.74% of the company’s stock.
SeaWorld Entertainment Company Profile
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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