Wall Street brokerages expect SeaWorld Entertainment Inc (NYSE:SEAS) to announce $493.12 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings, with the highest sales estimate coming in at $499.84 million and the lowest estimate coming in at $486.00 million. SeaWorld Entertainment posted sales of $483.18 million in the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The firm is scheduled to report its next earnings report on Monday, November 4th.
According to Zacks, analysts expect that SeaWorld Entertainment will report full-year sales of $1.41 billion for the current fiscal year, with estimates ranging from $1.40 billion to $1.41 billion. For the next financial year, analysts forecast that the firm will report sales of $1.45 billion, with estimates ranging from $1.40 billion to $1.49 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.12. The firm had revenue of $406.00 million during the quarter, compared to analysts’ expectations of $411.77 million. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS.
Several equities analysts have recently weighed in on SEAS shares. B. Riley set a $36.00 price objective on SeaWorld Entertainment and gave the company a “buy” rating in a report on Monday, July 8th. ValuEngine cut SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. TheStreet upgraded SeaWorld Entertainment from a “c” rating to a “b-” rating in a report on Tuesday, August 6th. Goldman Sachs Group upgraded SeaWorld Entertainment from a “neutral” rating to a “buy” rating and raised their price objective for the company from $31.00 to $39.00 in a report on Friday, June 21st. Finally, Zacks Investment Research upgraded SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. SeaWorld Entertainment currently has a consensus rating of “Buy” and an average price target of $33.47.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. United Services Automobile Association raised its position in shares of SeaWorld Entertainment by 2.0% in the second quarter. United Services Automobile Association now owns 18,447 shares of the company’s stock valued at $572,000 after buying an additional 362 shares in the last quarter. Eqis Capital Management Inc. raised its position in SeaWorld Entertainment by 4.8% during the second quarter. Eqis Capital Management Inc. now owns 20,000 shares of the company’s stock valued at $620,000 after purchasing an additional 908 shares in the last quarter. Penn Capital Management Co. Inc. raised its position in SeaWorld Entertainment by 0.3% during the first quarter. Penn Capital Management Co. Inc. now owns 367,675 shares of the company’s stock valued at $9,471,000 after purchasing an additional 967 shares in the last quarter. Signaturefd LLC raised its position in SeaWorld Entertainment by 45.5% during the second quarter. Signaturefd LLC now owns 3,200 shares of the company’s stock valued at $99,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Signition LP raised its position in SeaWorld Entertainment by 1.9% during the second quarter. Signition LP now owns 55,025 shares of the company’s stock valued at $1,706,000 after purchasing an additional 1,047 shares in the last quarter.
Shares of NYSE SEAS traded down $0.52 during mid-day trading on Tuesday, hitting $30.09. The company had a trading volume of 1,559,470 shares, compared to its average volume of 1,603,749. The company has a market capitalization of $2.36 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.20. The firm has a 50-day simple moving average of $30.42 and a two-hundred day simple moving average of $28.41. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 12.28. SeaWorld Entertainment has a one year low of $21.36 and a one year high of $34.72.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.
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