$0.35 EPS Expected for Six Flags Entertainment Corp (NYSE:SIX) This Quarter

Equities analysts expect Six Flags Entertainment Corp (NYSE:SIX) to post earnings of $0.35 per share for the current quarter, according to Zacks. Ten analysts have provided estimates for Six Flags Entertainment’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.30. Six Flags Entertainment posted earnings per share of $0.93 in the same quarter last year, which would suggest a negative year over year growth rate of 62.4%. The company is expected to report its next earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Six Flags Entertainment will report full-year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.54 to $2.70. For the next fiscal year, analysts anticipate that the business will report earnings of $2.79 per share, with EPS estimates ranging from $2.56 to $3.08. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Six Flags Entertainment.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $2.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.30 by ($0.19). Six Flags Entertainment had a negative return on equity of 38.61% and a net margin of 18.02%. The company had revenue of $621.18 million for the quarter, compared to analysts’ expectations of $643.90 million. During the same period in the previous year, the business posted $2.16 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis.

Several research firms have recently commented on SIX. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday. Berenberg Bank cut Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Wedbush cut their target price on shares of Six Flags Entertainment from $62.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. SunTrust Banks lowered their price target on shares of Six Flags Entertainment to $54.00 and set a “buy” rating for the company in a report on Thursday, October 24th. They noted that the move was a valuation call. Finally, B. Riley increased their price objective on shares of Six Flags Entertainment from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.33.

NYSE SIX traded up $0.34 on Tuesday, reaching $44.16. The stock had a trading volume of 68,435 shares, compared to its average volume of 1,304,426. The stock has a fifty day moving average price of $44.97 and a two-hundred day moving average price of $50.91. Six Flags Entertainment has a 12-month low of $40.72 and a 12-month high of $64.28. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.49 and a beta of 0.93.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be given a $0.83 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.32 dividend on an annualized basis and a yield of 7.52%. Six Flags Entertainment’s dividend payout ratio (DPR) is 102.79%.

In other news, CEO Mike Spanos bought 10,950 shares of Six Flags Entertainment stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $45.73 per share, for a total transaction of $500,743.50. Following the purchase, the chief executive officer now owns 10,950 shares of the company’s stock, valued at $500,743.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Roedel bought 5,662 shares of Six Flags Entertainment stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of $44.13 per share, with a total value of $249,864.06. Following the purchase, the director now directly owns 16,738 shares in the company, valued at approximately $738,647.94. The disclosure for this purchase can be found here. Insiders acquired a total of 18,787 shares of company stock worth $850,397 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of SIX. Aurora Investment Counsel increased its position in shares of Six Flags Entertainment by 0.6% in the second quarter. Aurora Investment Counsel now owns 36,707 shares of the company’s stock worth $1,939,000 after acquiring an additional 223 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Six Flags Entertainment by 8.0% during the second quarter. Victory Capital Management Inc. now owns 3,115 shares of the company’s stock valued at $155,000 after purchasing an additional 232 shares during the period. Chesley Taft & Associates LLC lifted its position in shares of Six Flags Entertainment by 1.9% during the third quarter. Chesley Taft & Associates LLC now owns 13,445 shares of the company’s stock worth $683,000 after purchasing an additional 250 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Six Flags Entertainment by 10.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 3,515 shares of the company’s stock valued at $179,000 after purchasing an additional 320 shares during the period. Finally, JT Stratford LLC grew its holdings in Six Flags Entertainment by 8.9% during the 3rd quarter. JT Stratford LLC now owns 4,855 shares of the company’s stock valued at $247,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

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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