The Analysts Issue Forecasts for Six Flags Entertainment Corp.’s FY2016 Earnings (SIX)

The Analysts Issue Forecasts for Six Flags Entertainment Corp.’s FY2016 Earnings (SIX)

Six Flags Entertainment Corp. (NYSE:SIX) – Analysts at B. Riley reduced their FY2016 EPS estimates for Six Flags Entertainment Corp. in a research report issued to clients and investors on Thursday. B. Riley analyst I. Corydon now anticipates that the brokerage will post earnings of $1.16 per share for the year, down from their previous forecast of $1.76. B. Riley currently has a “Buy” rating and a $65.00 price objective on the stock. B. Riley also issued estimates for Six Flags Entertainment Corp.’s Q4 2016 earnings at ($0.07) EPS, Q1 2017 earnings at ($0.55) EPS, Q2 2017 earnings at $0.69 EPS, Q3 2017 earnings at $1.68 EPS, Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $1.97 EPS, Q1 2018 earnings at ($0.57) EPS, Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $1.70 EPS and FY2018 earnings at $1.94 EPS.

Six Flags Entertainment Corp. (NYSE:SIX) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by $0.56. Six Flags Entertainment Corp. had a net margin of 9.14% and a negative return on equity of 297.44%. The firm had revenue of $558 million for the quarter, compared to the consensus estimate of $586.44 million. During the same period in the prior year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.

Several other equities analysts also recently commented on the stock. Janney Montgomery Scott reiterated a “buy” rating and issued a $62.00 price objective on shares of Six Flags Entertainment Corp. in a report on Thursday. FBR & Co upped their price objective on shares of Six Flags Entertainment Corp. from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Investment Research upgraded shares of Six Flags Entertainment Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Wedbush downgraded shares of Six Flags Entertainment Corp. from an “outperform” rating to a “neutral” rating in a report on Friday, September 23rd. Finally, Macquarie reiterated a “neutral” rating and issued a $57.00 price objective on shares of Six Flags Entertainment Corp. in a report on Friday, September 23rd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $61.80.

Six Flags Entertainment Corp. (NYSE:SIX) opened at 54.17 on Monday. The company has a market capitalization of $4.99 billion, a P/E ratio of 44.08 and a beta of 1.44. The company’s 50-day moving average is $52.27 and its 200 day moving average is $55.31. Six Flags Entertainment Corp. has a one year low of $45.24 and a one year high of $62.69.

In related news, SVP Walter Hawrylak sold 22,883 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,154,905.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. purchased a new stake in Six Flags Entertainment Corp. during the second quarter valued at $100,000. Fuller & Thaler Asset Management Inc. bought a new position in Six Flags Entertainment Corp. during the second quarter worth approximately $113,000. Checchi Capital Advisers LLC boosted its position in Six Flags Entertainment Corp. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,971 shares of the company’s stock worth $114,000 after buying an additional 56 shares during the period. Washington Trust Bank boosted its position in Six Flags Entertainment Corp. by 24.8% in the third quarter. Washington Trust Bank now owns 2,159 shares of the company’s stock worth $116,000 after buying an additional 429 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Six Flags Entertainment Corp. by 512.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,204 shares of the company’s stock worth $128,000 after buying an additional 1,844 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Six Flags Entertainment Corp. Company Profile

Related posts

Leave a Comment