Cedar Fair (FUN) Set to Announce Quarterly Earnings on Wednesday

Cedar Fair (NYSE:FUNGet Rating) will release its earnings data before the market opens on Wednesday, May 4th. Analysts expect Cedar Fair to post earnings of ($1.96) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Cedar Fair (NYSE:FUNGet Rating) last released its quarterly earnings data on Wednesday, February 16th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.09. The business had revenue of $350.90 million during the quarter, compared to analyst estimates of $302.67 million. Cedar Fair’s revenue was up 935.1% on a year-over-year basis. During the same period in the previous year, the company earned ($1.88) EPS. On average, analysts expect Cedar Fair to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE:FUN opened at $54.85 on Wednesday. The firm’s fifty day simple moving average is $54.75 and its 200 day simple moving average is $51.33. Cedar Fair has a twelve month low of $39.15 and a twelve month high of $62.56. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of -63.05 and a beta of 1.97.

A number of hedge funds have recently made changes to their positions in the business. Credit Suisse AG bought a new stake in shares of Cedar Fair in the 4th quarter worth about $325,000. Sequoia Financial Advisors LLC bought a new stake in Cedar Fair in the fourth quarter valued at about $328,000. Wells Fargo & Company MN raised its stake in Cedar Fair by 96.1% during the fourth quarter. Wells Fargo & Company MN now owns 359,327 shares of the company’s stock valued at $17,988,000 after buying an additional 176,106 shares in the last quarter. Deutsche Bank AG raised its stake in Cedar Fair by 38.0% during the fourth quarter. Deutsche Bank AG now owns 399,560 shares of the company’s stock valued at $20,002,000 after buying an additional 109,933 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Cedar Fair by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 799,720 shares of the company’s stock worth $40,034,000 after buying an additional 6,653 shares during the last quarter. 61.12% of the stock is owned by institutional investors.

FUN has been the subject of several analyst reports. KeyCorp upped their target price on Cedar Fair from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, February 17th. Rosenblatt Securities initiated coverage on shares of Cedar Fair in a research report on Monday. They issued a “neutral” rating and a $56.00 price objective for the company. Citigroup reduced their target price on shares of Cedar Fair from $73.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, April 19th. Credit Suisse Group raised their price target on shares of Cedar Fair from $78.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, February 17th. Finally, B. Riley boosted their price objective on shares of Cedar Fair from $68.00 to $76.00 in a report on Thursday, February 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Cedar Fair currently has an average rating of “Buy” and an average price target of $67.33.

About Cedar Fair (Get Rating)

Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.

See Also

Earnings History for Cedar Fair (NYSE:FUN)

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