Wall Street analysts expect that Six Flags Entertainment Corp (NYSE:SIX) will post sales of $124.41 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Six Flags Entertainment’s earnings, with the highest sales estimate coming in at $137.05 million and the lowest estimate coming in at $113.00 million. Six Flags Entertainment posted sales of $128.96 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.5%. The company is expected to issue its next earnings report on Tuesday, April 23rd.
According to Zacks, analysts expect that Six Flags Entertainment will report full-year sales of $1.53 billion for the current fiscal year, with estimates ranging from $1.51 billion to $1.59 billion. For the next year, analysts anticipate that the business will post sales of $1.60 billion, with estimates ranging from $1.56 billion to $1.69 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Six Flags Entertainment.
Get Six Flags Entertainment alerts:Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.65. The business had revenue of $269.50 million during the quarter, compared to the consensus estimate of $284.50 million. Six Flags Entertainment had a negative return on equity of 43.77% and a net margin of 18.86%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share.
A number of equities research analysts have recently commented on the company. TheStreet downgraded Six Flags Entertainment from a “b-” rating to a “c+” rating in a research report on Thursday. Zacks Investment Research downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday. Oppenheimer lowered their price objective on Six Flags Entertainment from $80.00 to $68.00 in a research report on Thursday, January 17th. Finally, Wells Fargo & Co raised Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Six Flags Entertainment presently has an average rating of “Buy” and a consensus target price of $66.11.
In other Six Flags Entertainment news, VP Brett Petit sold 27,750 shares of the business’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $63.00, for a total transaction of $1,748,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marshall Barber sold 1,275 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $56.48, for a total value of $72,012.00. Following the sale, the chief financial officer now directly owns 82,722 shares of the company’s stock, valued at approximately $4,672,138.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,139 shares of company stock valued at $1,827,495. 5.50% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of SIX. Capital World Investors purchased a new stake in Six Flags Entertainment during the third quarter valued at about $167,568,000. Oregon Public Employees Retirement Fund grew its position in 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 period. Westfield Capital Management Co. LP grew its position in Six Flags Entertainment by 2,852.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,033,017 shares of the company’s stock valued at $57,467,000 after acquiring an additional 998,028 shares during the period. Norges Bank purchased a new stake in Six Flags Entertainment during the fourth quarter valued at about $38,458,000. Finally, Millennium Management LLC grew its position in Six Flags Entertainment by 143.5% during the fourth quarter. Millennium Management LLC now owns 769,104 shares of the company’s stock valued at $42,785,000 after acquiring an additional 453,296 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:SIX traded down $0.24 during midday trading on Wednesday, reaching $50.00. The company’s stock had a trading volume of 1,455,963 shares, compared to its average volume of 1,375,072. The company has a market cap of $4.22 billion, a P/E ratio of 15.48 and a beta of 1.26. Six Flags Entertainment has a 1 year low of $49.79 and a 1 year high of $73.38.
The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 18th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date of this dividend was Thursday, February 14th. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 101.55%.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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