Six Flags Entertainment Corp (NYSE:SIX) – B. Riley cut their Q2 2021 earnings per share (EPS) estimates for Six Flags Entertainment in a research note issued to investors on Monday, March 23rd. B. Riley analyst E. Wold now forecasts that the company will post earnings of $0.87 per share for the quarter, down from their previous estimate of $0.92. B. Riley has a “Neutral” rating and a $13.00 price objective on the stock. B. Riley also issued estimates for Six Flags Entertainment’s FY2021 earnings at $2.01 EPS.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). Six Flags Entertainment had a negative return on equity of 26.50% and a net margin of 12.04%. The company had revenue of $261.00 million for the quarter, compared to analysts’ expectations of $260.11 million. During the same period last year, the company posted $0.93 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis.

Several other analysts have also recently weighed in on SIX. Zacks Investment Research raised Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $32.00 price target on shares of Six Flags Entertainment in a report on Friday, February 21st. Jefferies Financial Group lowered their price target on Six Flags Entertainment from $44.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, January 13th. Oppenheimer cut Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 18th. Finally, ValuEngine raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Six Flags Entertainment has an average rating of “Hold” and an average price target of $32.30.

NYSE:SIX opened at $15.04 on Wednesday. The business’s 50-day moving average price is $25.98 and its two-hundred day moving average price is $40.70. Six Flags Entertainment has a twelve month low of $8.75 and a twelve month high of $59.52. The stock has a market cap of $947.42 million, a P/E ratio of 7.16, a PEG ratio of 0.98 and a beta of 1.27.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 6.65%. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 44.64%.

In other news, Director Arik W. Ruchim acquired 600,000 shares of Six Flags Entertainment stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $30.88 per share, for a total transaction of $18,528,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mike Spanos acquired 16,075 shares of Six Flags Entertainment stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $31.27 per share, for a total transaction of $502,665.25. Following the completion of the transaction, the chief executive officer now directly owns 70,456 shares in the company, valued at approximately $2,203,159.12. The disclosure for this purchase can be found here. Insiders have bought a total of 1,494,016 shares of company stock worth $41,264,882 over the last quarter. Corporate insiders own 5.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in SIX. Security National Trust Co. bought a new position in Six Flags Entertainment during the 4th quarter worth approximately $27,000. FSA Wealth Management LLC bought a new position in Six Flags Entertainment during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. grew its position in Six Flags Entertainment by 83.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 989 shares of the company’s stock worth $45,000 after acquiring an additional 450 shares during the last quarter. Synovus Financial Corp bought a new position in Six Flags Entertainment during the 4th quarter worth approximately $55,000. Finally, Citizens Financial Group Inc RI grew its position in Six Flags Entertainment by 1,792.5% during the 4th quarter. Citizens Financial Group Inc RI now owns 1,268 shares of the company’s stock worth $57,000 after acquiring an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 80.45% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags 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 25 parks, including 22 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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