Equities analysts predict that Six Flags Entertainment Corp (NYSE:SIX) will post sales of $284.84 million for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Six Flags Entertainment’s earnings, with the lowest sales estimate coming in at $278.00 million and the highest estimate coming in at $306.30 million. Six Flags Entertainment posted sales of $256.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Six Flags Entertainment will report full-year sales of $1.48 billion for the current financial year, with estimates ranging from $1.47 billion to $1.50 billion. For the next financial year, analysts expect that the business will post sales of $1.56 billion, with estimates ranging from $1.54 billion to $1.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Six Flags Entertainment.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.16). Six Flags Entertainment had a net margin of 20.30% and a negative return on equity of 35.16%. The company had revenue of $619.82 million during the quarter, compared to analyst estimates of $633.03 million.

SIX has been the topic of several recent analyst reports. Oppenheimer set a $80.00 target price on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research report on Wednesday, October 24th. SunTrust Banks dropped their price objective on shares of Six Flags Entertainment to $65.00 and set a “buy” rating for the company in a report on Thursday, October 25th. B. Riley dropped their price objective on shares of Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Wedbush set a $55.00 price objective on shares of Six Flags Entertainment and gave the stock a “hold” rating in a report on Thursday, October 25th. Finally, ValuEngine raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $68.63.

Six Flags Entertainment stock traded down $0.44 during trading hours on Tuesday, reaching $57.59. 42,329 shares of the company’s stock were exchanged, compared to its average volume of 1,042,329. Six Flags Entertainment has a twelve month low of $51.91 and a twelve month high of $73.38. The company has a market cap of $4.89 billion, a P/E ratio of 27.01 and a beta of 1.26.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 29th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, November 28th. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.78. This represents a $3.28 annualized dividend and a yield of 5.70%. Six Flags Entertainment’s payout ratio is currently 153.99%.

Institutional investors have recently bought and sold shares of the business. Sei Investments Co. grew its holdings in Six Flags Entertainment by 43.9% in the second quarter. Sei Investments Co. now owns 10,529 shares of the company’s stock worth $737,000 after purchasing an additional 3,211 shares during the period. Carillon Tower Advisers Inc. lifted its position in Six Flags Entertainment by 50.1% during the second quarter. Carillon Tower Advisers Inc. now owns 247,275 shares of the company’s stock valued at $17,322,000 after purchasing an additional 82,525 shares during the period. BlackRock Inc. lifted its position in Six Flags Entertainment by 3.1% during the second quarter. BlackRock Inc. now owns 6,675,084 shares of the company’s stock valued at $467,588,000 after purchasing an additional 201,773 shares during the period. Swiss National Bank lifted its position in Six Flags Entertainment by 1.6% during the second quarter. Swiss National Bank now owns 125,900 shares of the company’s stock valued at $8,819,000 after purchasing an additional 2,000 shares during the period. Finally, Cox Capital Co LLC bought a new position in Six Flags Entertainment during the second quarter valued at approximately $1,804,000. 96.43% of the stock is owned by institutional investors and hedge funds.

About Six Flags Entertainment

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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