Six Flags Entertainment Co. to Post Q1 2022 Earnings of ($1.05) Per Share, KeyCorp Forecasts (NYSE:SIX)

Six Flags Entertainment Co. (NYSE:SIXGet Rating) – Equities researchers at KeyCorp upped their Q1 2022 earnings per share estimates for Six Flags Entertainment in a report released on Monday, April 11th. KeyCorp analyst B. Andress now forecasts that the company will post earnings of ($1.05) per share for the quarter, up from their previous estimate of ($1.08).

Six Flags Entertainment (NYSE:SIXGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.10. Six Flags Entertainment had a net margin of 8.68% and a negative return on equity of 11.88%. The business had revenue of $317.00 million during the quarter, compared to analysts’ expectations of $268.33 million. During the same period last year, the business earned ($1.00) earnings per share. The business’s revenue for the quarter was up 190.8% on a year-over-year basis.

A number of other brokerages have also recently weighed in on SIX. Deutsche Bank Aktiengesellschaft upgraded shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $57.00 in a research report on Friday, March 4th. Zacks Investment Research lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, March 1st. Credit Suisse Group raised shares of Six Flags Entertainment from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $52.00 to $53.00 in a research note on Friday, December 17th. Oppenheimer raised shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research note on Tuesday, January 18th. Finally, B. Riley raised their price objective on shares of Six Flags Entertainment from $60.00 to $63.00 in a research note on Friday, February 25th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Six Flags Entertainment presently has an average rating of “Buy” and an average price target of $54.15.

Shares of SIX opened at $41.37 on Thursday. Six Flags Entertainment has a 1-year low of $35.75 and a 1-year high of $50.56. The stock has a market cap of $3.57 billion, a PE ratio of 28.14 and a beta of 2.30. The firm has a 50-day simple moving average of $42.38 and a two-hundred day simple moving average of $41.80.

Several large investors have recently modified their holdings of SIX. Acadian Asset Management LLC purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth approximately $39,000. Spire Wealth Management lifted its position in shares of Six Flags Entertainment by 464.1% during the 4th quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock worth $54,000 after buying an additional 1,035 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Six Flags Entertainment during the 4th quarter worth approximately $75,000. Dark Forest Capital Management LP purchased a new stake in shares of Six Flags Entertainment during the 3rd quarter worth approximately $176,000. Finally, Corient Capital Partners LLC purchased a new stake in shares of Six Flags Entertainment during the 3rd quarter worth approximately $207,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Six Flags Entertainment Company Profile (Get Rating)

Six Flags Entertainment Corp. engages in operating of theme parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr. in 1961 and is headquartered in Arlington, TX.

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

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