$460.50 Million in Sales Expected for SeaWorld Entertainment, Inc. (SEAS) This Quarter
Wall Street analysts expect SeaWorld Entertainment, Inc. (NYSE:SEAS) to post $460.50 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for SeaWorld Entertainment’s earnings, with the highest sales estimate coming in at $480.67 million and the lowest estimate coming in at $444.09 million. SeaWorld Entertainment reported sales of $485.32 million in the same quarter last year, which indicates a negative year over year growth rate of 5.1%. The firm is scheduled to announce its next earnings report on Tuesday, November 14th.
On average, analysts expect that SeaWorld Entertainment will report full year sales of $460.50 million for the current year, with estimates ranging from $1.25 billion to $1.31 billion. For the next year, analysts expect that the business will report sales of $1.31 billion per share, with estimates ranging from $1.27 billion to $1.34 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis.
SEAS has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on shares of SeaWorld Entertainment in a research note on Wednesday, August 30th. They set an “overweight” rating on the stock. Janney Montgomery Scott reiterated a “buy” rating and issued a $25.00 price objective on shares of SeaWorld Entertainment in a research note on Friday, June 16th. BidaskClub cut shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 7th. Citigroup Inc. reiterated a “neutral” rating and issued a $14.00 price objective (down previously from $15.00) on shares of SeaWorld Entertainment in a research note on Friday, September 15th. Finally, Goldman Sachs Group, Inc. (The) raised shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $14.44 to $16.00 in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. SeaWorld Entertainment has an average rating of “Hold” and a consensus price target of $17.55.
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In related news, major shareholder Hill Path Capital Partners Lp acquired 352,800 shares of SeaWorld Entertainment stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $12.67 per share, for a total transaction of $4,469,976.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hill Path Capital Partners Co- acquired 19,600 shares of SeaWorld Entertainment stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $15.25 per share, for a total transaction of $298,900.00. The disclosure for this purchase can be found here. Insiders bought 1,492,569 shares of company stock worth $19,623,319 over the last quarter. Company insiders own 3.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new position in SeaWorld Entertainment in the 2nd quarter valued at about $499,000. Alpha Windward LLC purchased a new position in SeaWorld Entertainment in the 2nd quarter valued at about $403,000. Hill Path Capital LP lifted its holdings in SeaWorld Entertainment by 172.8% in the 2nd quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after purchasing an additional 7,616,675 shares in the last quarter. Gotham Asset Management LLC purchased a new position in SeaWorld Entertainment in the 1st quarter valued at about $4,518,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in SeaWorld Entertainment by 5.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock valued at $6,721,000 after purchasing an additional 20,491 shares in the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.
SeaWorld Entertainment (SEAS) opened at 13.80 on Wednesday. SeaWorld Entertainment has a 52-week low of $11.10 and a 52-week high of $20.13. The company’s 50 day moving average is $12.96 and its 200 day moving average is $15.58. The firm’s market cap is $1.19 billion.
SeaWorld Entertainment Company Profile
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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