$0.81 Earnings Per Share Expected for SeaWorld Entertainment, Inc. (SEAS) This Quarter
Equities analysts forecast that SeaWorld Entertainment, Inc. (NYSE:SEAS) will post $0.81 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings, with estimates ranging from $0.69 to $0.87. SeaWorld Entertainment posted earnings of $0.77 per share during the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 14th.
On average, analysts expect that SeaWorld Entertainment will report full year earnings of ($2.08) per share for the current fiscal year, with EPS estimates ranging from ($2.18) to ($1.89). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.23 to $0.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The company had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year.
A number of analysts have issued reports on SEAS shares. KeyCorp started coverage on shares of SeaWorld Entertainment in a report on Wednesday, August 30th. They issued an “overweight” rating on the stock. Janney Montgomery Scott reiterated a “buy” rating and issued a $25.00 price target on shares of SeaWorld Entertainment in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) upgraded shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and lifted their price target for the company from $14.44 to $16.00 in a report on Tuesday, July 18th. BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Thursday, September 7th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $16.00 price objective (down from $23.00) on shares of SeaWorld Entertainment in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.42.
In other news, major shareholder Hill Path Capital Partners Co- purchased 320,627 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $13.21 per share, with a total value of $4,235,482.67. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Hill Path Capital Partners Lp purchased 417,942 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $13.31 per share, with a total value of $5,562,808.02. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,611,369 shares of company stock valued at $21,468,185. 3.40% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in SEAS. Hill Path Capital LP boosted its stake in shares of SeaWorld Entertainment by 172.8% during the 2nd quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock worth $195,639,000 after purchasing an additional 7,616,675 shares during the period. Renaissance Technologies LLC boosted its position in SeaWorld Entertainment by 162.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,018,016 shares of the company’s stock valued at $18,599,000 after buying an additional 630,016 shares during the period. Rutabaga Capital Management LLC MA boosted its position in SeaWorld Entertainment by 76.2% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 959,445 shares of the company’s stock valued at $17,529,000 after buying an additional 414,821 shares during the period. Penn Capital Management Co. Inc. boosted its position in SeaWorld Entertainment by 39.5% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,069,752 shares of the company’s stock valued at $17,554,000 after buying an additional 302,965 shares during the period. Finally, Strs Ohio boosted its position in SeaWorld Entertainment by 27.0% in the 2nd quarter. Strs Ohio now owns 1,175,000 shares of the company’s stock valued at $19,117,000 after buying an additional 250,000 shares during the period. 89.33% of the stock is owned by hedge funds and other institutional investors.
Shares of SeaWorld Entertainment (SEAS) traded down 3.15% on Wednesday, reaching $12.61. 974,004 shares of the company traded hands. The firm’s market capitalization is $1.08 billion. SeaWorld Entertainment has a 1-year low of $11.10 and a 1-year high of $20.13. The stock has a 50-day moving average price of $13.32 and a 200 day moving average price of $16.12.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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