SeaWorld Entertainment, Inc. (NYSE:SEAS) Expected to Announce Earnings of -$0.15 Per Share

Wall Street brokerages forecast that SeaWorld Entertainment, Inc. (NYSE:SEASGet Rating) will post earnings of ($0.15) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for SeaWorld Entertainment’s earnings, with estimates ranging from ($0.23) to ($0.09). SeaWorld Entertainment posted earnings per share of ($0.57) in the same quarter last year, which would suggest a positive year over year growth rate of 73.7%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that SeaWorld Entertainment will report full-year earnings of $4.15 per share for the current fiscal year, with EPS estimates ranging from $3.98 to $4.39. For the next year, analysts anticipate that the business will post earnings of $4.36 per share, with EPS estimates ranging from $2.60 to $5.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEASGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.59. The business had revenue of $370.82 million during the quarter, compared to analysts’ expectations of $341.95 million. SeaWorld Entertainment had a net margin of 17.06% and a negative return on equity of 639.40%. The business’s revenue was up 140.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.58) EPS.

SEAS has been the subject of a number of recent research reports. JPMorgan Chase & Co. started coverage on shares of SeaWorld Entertainment in a report on Friday, February 25th. They issued a “neutral” rating for the company. Credit Suisse Group upped their target price on shares of SeaWorld Entertainment from $77.00 to $85.00 in a research note on Thursday, January 6th. Zacks Investment Research upgraded SeaWorld Entertainment from a “sell” rating to a “hold” rating and set a $80.00 target price for the company in a research report on Tuesday, March 1st. Deutsche Bank Aktiengesellschaft raised their price target on SeaWorld Entertainment from $74.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, March 4th. Finally, StockNews.com lowered SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $77.00.

In other news, insider Sharon P. Nadeau sold 1,929 shares of the business’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $71.31, for a total transaction of $137,556.99. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc Swanson sold 6,298 shares of SeaWorld Entertainment stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $73.88, for a total value of $465,296.24. The disclosure for this sale can be found here. Insiders sold 16,300 shares of company stock worth $1,187,789 in the last quarter. 1.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in SEAS. Strs Ohio acquired a new stake in shares of SeaWorld Entertainment during the third quarter worth about $199,000. State of New Jersey Common Pension Fund D lifted its holdings in SeaWorld Entertainment by 17.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 55,023 shares of the company’s stock valued at $3,044,000 after acquiring an additional 8,023 shares during the period. WINTON GROUP Ltd lifted its holdings in SeaWorld Entertainment by 94.2% in the third quarter. WINTON GROUP Ltd now owns 13,867 shares of the company’s stock valued at $767,000 after acquiring an additional 6,727 shares during the period. Janney Montgomery Scott LLC lifted its holdings in SeaWorld Entertainment by 18.3% in the third quarter. Janney Montgomery Scott LLC now owns 9,489 shares of the company’s stock valued at $525,000 after acquiring an additional 1,469 shares during the period. Finally, O Neil Global Advisors Inc. acquired a new position in SeaWorld Entertainment in the third quarter valued at approximately $466,000.

SEAS traded up $1.25 during trading on Friday, hitting $73.08. 1,111,546 shares of the company’s stock were exchanged, compared to its average volume of 1,032,211. SeaWorld Entertainment has a fifty-two week low of $41.94 and a fifty-two week high of $76.00. The company has a quick ratio of 1.45, a current ratio of 1.53 and a debt-to-equity ratio of 183.53. The stock has a market cap of $5.53 billion, a P/E ratio of 22.70 and a beta of 2.19. The business’s 50 day moving average is $68.08 and its two-hundred day moving average is $64.53.

About SeaWorld Entertainment (Get Rating)

SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.

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