Equities research analysts predict that Six Flags Entertainment Corp (NYSE:SIX) will announce earnings per share of $2.32 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Six Flags Entertainment’s earnings. The highest EPS estimate is $2.46 and the lowest is $2.15. Six Flags Entertainment reported earnings of $2.11 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10%. The company is expected to report its next earnings results on Wednesday, October 24th.

On average, analysts expect that Six Flags Entertainment will report full year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.96. For the next year, analysts expect that the company will report earnings of $3.12 per share, with EPS estimates ranging from $2.85 to $3.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Six Flags Entertainment.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Wednesday, July 25th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.05). The company had revenue of $445.40 million for the quarter, compared to the consensus estimate of $438.80 million. Six Flags Entertainment had a negative return on equity of 33.82% and a net margin of 20.65%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS.

Several analysts recently commented on SIX shares. Zacks Investment Research raised shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Saturday, July 28th. Wells Fargo & Co downgraded shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a report on Monday, July 9th. KeyCorp lifted their target price on shares of Six Flags Entertainment from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Finally, Wedbush downgraded shares of Six Flags Entertainment from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $76.00 to $70.00 in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $72.11.

Shares of SIX stock opened at $69.41 on Tuesday. The stock has a market cap of $5.90 billion, a P/E ratio of 29.25 and a beta of 0.99. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of -3.10. Six Flags Entertainment has a 52 week low of $55.46 and a 52 week high of $73.38.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Thursday, August 30th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Wednesday, August 29th. Six Flags Entertainment’s dividend payout ratio is currently 146.48%.

In other Six Flags Entertainment news, Chairman James Reid-Anderson sold 35,815 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $72.53, for a total value of $2,597,661.95. Following the completion of the sale, the chairman now owns 3,311,172 shares of the company’s stock, valued at approximately $240,159,305.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marshall Barber sold 449 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $65.21, for a total transaction of $29,279.29. The disclosure for this sale can be found here. Insiders sold a total of 39,860 shares of company stock valued at $2,873,546 in the last three months. Insiders own 6.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System boosted its holdings in Six Flags Entertainment by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 53,943 shares of the company’s stock valued at $3,779,000 after purchasing an additional 763 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Six Flags Entertainment by 31.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,210 shares of the company’s stock valued at $225,000 after purchasing an additional 772 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Six Flags Entertainment by 9.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,961 shares of the company’s stock valued at $621,000 after purchasing an additional 853 shares during the period. Amalgamated Bank boosted its holdings in Six Flags Entertainment by 6.5% in the 1st quarter. Amalgamated Bank now owns 14,841 shares of the company’s stock valued at $924,000 after purchasing an additional 902 shares during the period. Finally, Brookstone Capital Management boosted its holdings in Six Flags Entertainment by 15.0% in the 2nd quarter. Brookstone Capital Management now owns 7,467 shares of the company’s stock valued at $523,000 after purchasing an additional 972 shares during the period. 94.58% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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

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