Research Analysts Issue Forecasts for Six Flags Entertainment Corp’s Q1 2018 Earnings (SIX)
Six Flags Entertainment Corp (NYSE:SIX) – Investment analysts at B. Riley reduced their Q1 2018 EPS estimates for shares of Six Flags Entertainment in a research report issued to clients and investors on Wednesday. B. Riley analyst B. Crockett now anticipates that the company will post earnings per share of ($0.91) for the quarter, down from their previous estimate of ($0.90). B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Six Flags Entertainment’s Q3 2018 earnings at $2.44 EPS, FY2018 earnings at $2.86 EPS and FY2019 earnings at $2.91 EPS.
Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Six Flags Entertainment had a net margin of 20.15% and a negative return on equity of 41.55%. The business had revenue of $256.76 million for the quarter, compared to the consensus estimate of $252.75 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis.
Six Flags Entertainment (NYSE:SIX) opened at $66.89 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of -4.00. Six Flags Entertainment has a 1-year low of $51.25 and a 1-year high of $70.44. The firm has a market cap of $5,600.00, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 3.44 and a beta of 1.15.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Thursday, February 15th. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.70. Six Flags Entertainment’s payout ratio is 140.54%.
In other news, Chairman James Reid-Anderson sold 42,690 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $67.56, for a total value of $2,884,136.40. Following the transaction, the chairman now owns 3,384,212 shares of the company’s stock, valued at $228,637,362.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall Barber sold 597 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total transaction of $39,742.29. Following the completion of the transaction, the chief financial officer now directly owns 80,536 shares in the company, valued at approximately $5,361,281.52. The disclosure for this sale can be found here. Insiders sold 240,778 shares of company stock worth $16,081,403 in the last three months. Insiders own 6.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in shares of Six Flags Entertainment by 10.3% in the third quarter. Janus Henderson Group PLC now owns 3,742,195 shares of the company’s stock worth $228,049,000 after buying an additional 348,991 shares in the last quarter. CI Investments Inc. lifted its holdings in shares of Six Flags Entertainment by 0.4% in the third quarter. CI Investments Inc. now owns 2,629,575 shares of the company’s stock worth $160,246,000 after buying an additional 11,400 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Six Flags Entertainment by 39.7% in the third quarter. Bessemer Group Inc. now owns 1,815,344 shares of the company’s stock worth $110,626,000 after buying an additional 516,125 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Six Flags Entertainment by 1.9% in the fourth quarter. Thrivent Financial For Lutherans now owns 1,593,898 shares of the company’s stock worth $106,106,000 after buying an additional 29,180 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Six Flags Entertainment by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,424,909 shares of the company’s stock worth $94,855,000 after buying an additional 13,180 shares in the last quarter. 98.71% of the stock is currently owned by hedge funds and other institutional investors.
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About Six Flags Entertainment
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.
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