Zacks: Analysts Anticipate Six Flags Entertainment Co. (NYSE:SIX) Will Announce Earnings of -$1.07 Per Share

Brokerages expect Six Flags Entertainment Co. (NYSE:SIXGet Rating) to post earnings per share (EPS) of ($1.07) for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Six Flags Entertainment’s earnings, with the highest EPS estimate coming in at ($0.97) and the lowest estimate coming in at ($1.14). Six Flags Entertainment reported earnings per share of ($1.12) during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The firm is expected to announce its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Six Flags Entertainment will report full-year earnings of $2.29 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.98. For the next year, analysts expect that the company will post earnings of $2.59 per share, with EPS estimates ranging from $2.25 to $3.69. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Six Flags Entertainment.

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

A number of research analysts have recently commented on the company. B. Riley upped their price target on Six Flags Entertainment from $60.00 to $63.00 in a research report on Friday, February 25th. Zacks Investment Research lowered Six Flags Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, March 1st. StockNews.com started coverage on Six Flags Entertainment in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup started coverage on Six Flags Entertainment in a research note on Thursday, February 10th. They set a “buy” rating and a $54.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Six Flags Entertainment from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $57.00 in a research note on Friday, March 4th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $54.15.

Shares of NYSE SIX traded up $0.60 during trading on Friday, reaching $41.37. 936,321 shares of the stock traded hands, compared to its average volume of 1,279,457. Six Flags Entertainment has a 52-week low of $35.75 and a 52-week high of $50.56. The company has a 50-day moving average of $42.38 and a 200-day moving average of $41.77. The stock has a market capitalization of $3.57 billion, a P/E ratio of 28.14 and a beta of 2.30.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Six Flags Entertainment during the 4th quarter valued at about $39,000. Spire Wealth Management increased 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 valued at $54,000 after purchasing an additional 1,035 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Six Flags Entertainment during the 4th quarter valued at about $75,000. Steph & Co. purchased a new stake in Six Flags Entertainment during the 1st quarter valued at about $95,000. Finally, Dark Forest Capital Management LP purchased a new stake in Six Flags Entertainment during the 3rd quarter valued at about $176,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

About Six Flags Entertainment (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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