FY2017 EPS Estimates for Six Flags Entertainment Corporation New (NYSE:SIX) Boosted by Oppenheimer Holdings

Six Flags Entertainment Corporation New (NYSE:SIX) – Oppenheimer Holdings lifted their FY2017 earnings estimates for Six Flags Entertainment Corporation New in a note issued to investors on Wednesday, Zacks Investment Research reports. Oppenheimer Holdings analyst I. Zaffino now forecasts that the company will post earnings per share of $2.06 for the year, up from their prior estimate of $1.83. Oppenheimer Holdings also issued estimates for Six Flags Entertainment Corporation New’s FY2018 earnings at $2.21 EPS.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.31. Six Flags Entertainment Corporation New had a net margin of 13.24% and a negative return on equity of 47.41%. The company had revenue of $580.40 million during the quarter, compared to analyst estimates of $583.59 million. During the same quarter last year, the business posted $1.09 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis.

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A number of other research analysts also recently commented on the stock. Hilliard Lyons raised shares of Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, August 30th. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. TheStreet raised shares of Six Flags Entertainment Corporation New from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. KeyCorp started coverage on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price objective on the stock. Finally, FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.00.

Six Flags Entertainment Corporation New (NYSE:SIX) traded down $0.42 during midday trading on Thursday, reaching $64.68. 763,600 shares of the company’s stock were exchanged, compared to its average volume of 1,104,962. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53. The stock has a market cap of $5,454.45, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 3.90 and a beta of 1.15. Six Flags Entertainment Corporation New has a 1-year low of $51.25 and a 1-year high of $65.75.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.33%. The ex-dividend date is Wednesday, November 29th. This is an increase from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. Six Flags Entertainment Corporation New’s payout ratio is currently 122.49%.

In related news, Director Jon L. Luther bought 3,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average price of $52.58 per share, with a total value of $157,740.00. Following the transaction, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its stake in Six Flags Entertainment Corporation New by 9.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,775 shares of the company’s stock valued at $1,000,000 after acquiring an additional 1,421 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Six Flags Entertainment Corporation New during the 2nd quarter valued at approximately $255,000. Brookstone Capital Management acquired a new stake in Six Flags Entertainment Corporation New during the 2nd quarter valued at approximately $277,000. TD Asset Management Inc. lifted its stake in Six Flags Entertainment Corporation New by 0.4% during the 2nd quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after acquiring an additional 59 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in Six Flags Entertainment Corporation New by 542.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 783,720 shares of the company’s stock valued at $46,718,000 after acquiring an additional 661,690 shares during the period. Institutional investors and hedge funds own 90.95% of the company’s stock.

About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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