Six Flags Entertainment Corporation New (NYSE:SIX) – Investment analysts at Wedbush reduced their Q4 2017 earnings per share (EPS) estimates for shares of Six Flags Entertainment Corporation New in a report released on Wednesday. Wedbush analyst J. Hardiman now forecasts that the company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.07. Wedbush has a “Outperform” rating and a $70.00 price objective on the stock.

SIX has been the subject of a number of other research reports. Macquarie lowered Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, July 19th. KeyCorp began coverage on Six Flags Entertainment Corporation New in a report on Wednesday, August 30th. They set an “overweight” rating and a $59.00 target price for the company. William Blair began coverage on Six Flags Entertainment Corporation New in a report on Friday, July 21st. They set an “outperform” rating for the company. Finally, BidaskClub raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $66.70.

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Shares of Six Flags Entertainment Corporation New (NYSE:SIX) opened at 60.17 on Friday. Six Flags Entertainment Corporation New has a 52 week low of $50.33 and a 52 week high of $65.19. The firm has a market capitalization of $5.15 billion, a P/E ratio of 55.92 and a beta of 1.16. The firm’s 50-day moving average is $56.20 and its 200-day moving average is $58.39.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The firm had revenue of $422.37 million for the quarter, compared to analyst estimates of $438.04 million. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 31st were given a $0.64 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.56 dividend on an annualized basis and a yield of 4.25%. Six Flags Entertainment Corporation New’s payout ratio is 239.25%.

In other news, Director Jon L. Luther bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $52.58 per share, for a total transaction of $157,740.00. Following the transaction, the director now directly owns 53,511 shares of the company’s stock, valued at approximately $2,813,608.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance C. Balk sold 48,998 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Banced Corp lifted its position in Six Flags Entertainment Corporation New by 0.5% in the 2nd quarter. Banced Corp now owns 7,752 shares of the company’s stock worth $462,000 after buying an additional 38 shares during the last quarter. TD Asset Management Inc. lifted its position in Six Flags Entertainment Corporation New by 0.4% in the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock worth $787,000 after buying an additional 59 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Six Flags Entertainment Corporation New by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock worth $347,000 after buying an additional 80 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Six Flags Entertainment Corporation New by 0.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 34,029 shares of the company’s stock worth $2,024,000 after buying an additional 151 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Six Flags Entertainment Corporation New by 0.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,603 shares of the company’s stock worth $1,047,000 after buying an additional 153 shares during the last quarter. Institutional investors own 88.63% of the company’s stock.

About Six Flags Entertainment Corporation New

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.

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

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