SeaWorld Entertainment Inc (NYSE:SEAS) – Investment analysts at B. Riley increased their Q3 2020 EPS estimates for shares of SeaWorld Entertainment in a research note issued on Monday, March 23rd. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $1.56 for the quarter, up from their previous forecast of $1.54. B. Riley has a “Buy” rating and a $21.00 price objective on the stock. B. Riley also issued estimates for SeaWorld Entertainment’s Q4 2021 earnings at $0.19 EPS.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.33). The firm had revenue of $298.01 million for the quarter, compared to analysts’ expectations of $288.93 million. SeaWorld Entertainment had a net margin of 6.40% and a return on equity of 61.22%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.13) EPS.
Several other research firms have also commented on SEAS. Stifel Nicolaus reduced their price target on shares of SeaWorld Entertainment from $42.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday. TheStreet lowered SeaWorld Entertainment from a “b” rating to a “c” rating in a research report on Wednesday, February 26th. Zacks Investment Research lowered SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. ValuEngine raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Citigroup raised SeaWorld Entertainment from a “sell” rating to a “neutral” rating and cut their target price for the company from $27.00 to $9.00 in a research report on Friday, March 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.25.
SEAS stock opened at $15.25 on Wednesday. The firm has a market cap of $1.24 billion, a PE ratio of 13.50, a PEG ratio of 1.01 and a beta of 1.40. The company has a debt-to-equity ratio of 7.62, a quick ratio of 0.34 and a current ratio of 0.42. The firm’s 50 day moving average price is $24.42 and its 200-day moving average price is $28.74. SeaWorld Entertainment has a one year low of $6.75 and a one year high of $36.96.
In other SeaWorld Entertainment news, insider Marc Swanson sold 8,107 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $12.89, for a total value of $104,499.23. Following the completion of the transaction, the insider now owns 117,668 shares in the company, valued at $1,516,740.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.
Large investors have recently bought and sold shares of the business. Advisory Services Network LLC raised its holdings in SeaWorld Entertainment by 54.7% during the fourth quarter. Advisory Services Network LLC now owns 1,160 shares of the company’s stock worth $37,000 after purchasing an additional 410 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in SeaWorld Entertainment by 1.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 57,301 shares of the company’s stock worth $1,817,000 after purchasing an additional 625 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in SeaWorld Entertainment by 51.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,131 shares of the company’s stock worth $68,000 after purchasing an additional 725 shares in the last quarter. Advisor Group Inc. raised its holdings in SeaWorld Entertainment by 59.4% during the fourth quarter. Advisor Group Inc. now owns 2,774 shares of the company’s stock worth $88,000 after purchasing an additional 1,034 shares in the last quarter. Finally, US Bancorp DE raised its holdings in SeaWorld Entertainment by 74.7% during the fourth quarter. US Bancorp DE now owns 3,501 shares of the company’s stock worth $111,000 after purchasing an additional 1,497 shares in the last quarter.
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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