$493.12 Million in Sales Expected for SeaWorld Entertainment Inc (NYSE:SEAS) This Quarter

Wall Street analysts forecast that SeaWorld Entertainment Inc (NYSE:SEAS) will post $493.12 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for SeaWorld Entertainment’s earnings. The lowest sales estimate is $486.00 million and the highest is $499.84 million. SeaWorld Entertainment reported sales of $483.18 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The company is expected to report its next quarterly earnings report on Monday, November 4th.

According to Zacks, analysts expect that SeaWorld Entertainment will report full year sales of $1.41 billion for the current year, with estimates ranging from $1.40 billion to $1.41 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.45 billion, with estimates ranging from $1.40 billion to $1.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.12. The firm had revenue of $406.00 million for the quarter, compared to analysts’ expectations of $411.77 million. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. SeaWorld Entertainment’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS.

Several equities analysts have weighed in on the company. Goldman Sachs Group raised SeaWorld Entertainment from a “neutral” rating to a “buy” rating and lifted their target price for the company from $31.00 to $39.00 in a research note on Friday, June 21st. B. Riley set a $36.00 target price on SeaWorld Entertainment and gave the company a “buy” rating in a research note on Monday, July 8th. TheStreet raised SeaWorld Entertainment from a “c” rating to a “b-” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Saturday, August 10th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $37.00 target price on shares of SeaWorld Entertainment in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. SeaWorld Entertainment has an average rating of “Buy” and an average price target of $33.47.

In other news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of SeaWorld Entertainment stock in a transaction dated Monday, May 27th. The stock was sold at an average price of $26.71, for a total transaction of $502,945,934.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in SeaWorld Entertainment in the 2nd quarter worth approximately $65,220,000. Cannell Peter B & Co. Inc. lifted its holdings in shares of SeaWorld Entertainment by 30.3% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,385,090 shares of the company’s stock worth $42,938,000 after buying an additional 321,740 shares during the last quarter. Rothschild & Co. Asset Management US Inc. lifted its holdings in shares of SeaWorld Entertainment by 19.6% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 1,316,826 shares of the company’s stock worth $40,822,000 after buying an additional 215,679 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of SeaWorld Entertainment by 38.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,261,919 shares of the company’s stock worth $27,878,000 after buying an additional 352,071 shares during the last quarter. Finally, Simcoe Capital Management LLC lifted its holdings in shares of SeaWorld Entertainment by 5.6% during the second quarter. Simcoe Capital Management LLC now owns 1,210,170 shares of the company’s stock worth $37,515,000 after buying an additional 64,405 shares during the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.

NYSE:SEAS traded down $0.52 on Friday, hitting $30.47. 45,036 shares of the company’s stock traded hands, compared to its average volume of 1,673,936. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 12.28. SeaWorld Entertainment has a 1 year low of $21.36 and a 1 year high of $34.72. The firm has a 50-day moving average price of $31.81 and a 200-day moving average price of $28.06. The company has a market cap of $2.49 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.81 and a beta of 1.06.

About SeaWorld Entertainment

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Earnings History and Estimates for SeaWorld Entertainment (NYSE:SEAS)

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