Six Flags Entertainment Corp (SIX) to Post FY2018 Earnings of $2.75 Per Share, Oppenheimer Forecasts

Six Flags Entertainment Corp (NYSE:SIX) – Research analysts at Oppenheimer upped their FY2018 earnings estimates for Six Flags Entertainment in a report released on Tuesday. Oppenheimer analyst I. Zaffino now forecasts that the company will earn $2.75 per share for the year, up from their prior estimate of $2.21. Oppenheimer also issued estimates for Six Flags Entertainment’s FY2019 earnings at $3.09 EPS.

Several other equities research analysts have also recently issued reports on SIX. B. Riley restated a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $78.00 price objective (up from $72.00) on shares of Six Flags Entertainment in a research report on Wednesday. Zacks Investment Research upgraded shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Saturday, February 17th. SunTrust Banks reiterated a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment in a research report on Friday, October 27th. Finally, Wedbush set a $76.00 price target on shares of Six Flags Entertainment and gave the company a “buy” rating in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $69.00.

Six Flags Entertainment (NYSE:SIX) traded down $0.40 during trading on Thursday, reaching $66.34. 204,310 shares of the company traded hands, compared to its average volume of 852,725. Six Flags Entertainment has a 52-week low of $51.25 and a 52-week high of $70.44. The firm has a market capitalization of $5,595.62, a PE ratio of 20.73, a P/E/G ratio of 3.53 and a beta of 1.15. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Six Flags Entertainment had a net margin of 20.15% and a negative return on equity of 43.15%. The firm had revenue of $256.76 million during the quarter, compared to analysts’ expectations of $252.75 million. During the same period last year, the business earned $0.02 earnings per share. Six Flags Entertainment’s revenue was up 7.3% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in SIX. Assetmark Inc. grew its holdings in shares of Six Flags Entertainment by 251.0% in the fourth quarter. Assetmark Inc. now owns 1,548 shares of the company’s stock valued at $103,000 after purchasing an additional 1,107 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Six Flags Entertainment by 1,477.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock valued at $142,000 after purchasing an additional 1,995 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Six Flags Entertainment in the fourth quarter valued at approximately $151,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Six Flags Entertainment by 171.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,900 shares of the company’s stock valued at $193,000 after purchasing an additional 1,830 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Six Flags Entertainment in the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 98.71% of the company’s stock.

In other Six Flags Entertainment news, CEO James Reid-Anderson sold 25,456 shares of Six Flags Entertainment stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $66.31, for a total transaction of $1,687,987.36. Following the completion of the sale, the chief executive officer now directly owns 3,520,146 shares in the company, valued at $233,420,881.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marshall Barber sold 597 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $66.57, for a total transaction of $39,742.29. Following the completion of the transaction, the chief financial officer now owns 80,536 shares of the company’s stock, valued at approximately $5,361,281.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 240,778 shares of company stock valued at $16,081,403. Company insiders own 6.90% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 19th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.70%. Six Flags Entertainment’s dividend payout ratio (DPR) is currently 97.20%.

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About Six Flags Entertainment

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.

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

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