Analysts Set Expectations for Six Flags Entertainment Corp’s Q2 2019 Earnings (NYSE:SIX)

Six Flags Entertainment Corp (NYSE:SIX) – Stock analysts at Oppenheimer reduced their Q2 2019 earnings per share estimates for Six Flags Entertainment in a report issued on Tuesday, June 18th, Zacks Investment Research reports. Oppenheimer analyst I. Zaffino now expects that the company will earn $0.99 per share for the quarter, down from their previous estimate of $1.02. Oppenheimer has a “Buy” rating and a $63.00 price objective on the stock. Oppenheimer also issued estimates for Six Flags Entertainment’s Q4 2019 earnings at $0.15 EPS.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.82) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.86) by $0.04. The business had revenue of $128.19 million for the quarter, compared to analyst estimates of $123.63 million. Six Flags Entertainment had a negative return on equity of 41.58% and a net margin of 18.40%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.74) earnings per share.

Several other analysts also recently commented on the company. Jefferies Financial Group increased their price objective on Constellation Brands from $267.00 to $275.00 and gave the stock a “top pick” rating in a research note on Monday, April 22nd. B. Riley set a $59.00 price objective on Shotspotter and gave the stock a “buy” rating in a research note on Thursday, March 28th. Wells Fargo & Co assumed coverage on Chewy in a research note on Tuesday. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Wedbush reissued a “buy” rating and issued a $38.00 price objective on shares of Obseva in a research note on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $61.40.

Shares of Six Flags Entertainment stock traded down $0.10 on Friday, hitting $54.07. The company had a trading volume of 785,202 shares, compared to its average volume of 1,091,891. The firm has a market capitalization of $4.56 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 3.67 and a beta of 1.06. Six Flags Entertainment has a 1 year low of $46.68 and a 1 year high of $72.39. The stock’s 50 day simple moving average is $51.34.

Institutional investors and hedge funds have recently modified their holdings of the stock. Synovus Financial Corp purchased a new stake in shares of Six Flags Entertainment during the first quarter valued at approximately $25,000. Ffcm LLC increased its position in shares of Six Flags Entertainment by 50.0% during the fourth quarter. Ffcm LLC now owns 492 shares of the company’s stock valued at $27,000 after acquiring an additional 164 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Six Flags Entertainment by 5,463.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,564,983 shares of the company’s stock valued at $28,000 after acquiring an additional 1,536,851 shares during the last quarter. Next Capital Management LLC purchased a new stake in shares of Six Flags Entertainment during the first quarter valued at approximately $34,000. Finally, Pinnacle Bank purchased a new stake in shares of Six Flags Entertainment during the fourth quarter valued at approximately $58,000. 84.16% of the stock is owned by institutional investors.

Six Flags Entertainment Company Profile

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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