SeaWorld Entertainment (NYSE:SEAS – Get Rating) posted its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.02, MarketWatch Earnings reports. The company had revenue of $270.70 million during the quarter, compared to analyst estimates of $263.23 million. SeaWorld Entertainment had a net margin of 17.06% and a negative return on equity of 639.40%. The firm’s revenue for the quarter was up 57.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.57) earnings per share.
SEAS stock traded down $1.97 on Friday, reaching $60.89. The company’s stock had a trading volume of 1,498,113 shares, compared to its average volume of 1,219,111. The business has a fifty day simple moving average of $68.44 and a two-hundred day simple moving average of $65.67. SeaWorld Entertainment has a 12-month low of $41.94 and a 12-month high of $76.57. The firm has a market cap of $4.44 billion, a PE ratio of 16.59 and a beta of 2.13. The company has a debt-to-equity ratio of 183.53, a quick ratio of 1.45 and a current ratio of 1.53.
Several equities research analysts have commented on SEAS shares. Zacks Investment Research raised shares of SeaWorld Entertainment from a “sell” rating to a “hold” rating and set a $80.00 price objective on the stock in a report on Tuesday, March 1st. B. Riley upped their price objective on shares of SeaWorld Entertainment from $83.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of SeaWorld Entertainment from $74.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, March 4th. Rosenblatt Securities assumed coverage on shares of SeaWorld Entertainment in a report on Monday, April 25th. They issued a “buy” rating and a $92.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of SeaWorld Entertainment in a report on Friday, February 25th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $79.90.
A number of hedge funds and other institutional investors have recently bought and sold shares of SEAS. Royal Bank of Canada lifted its holdings in SeaWorld Entertainment by 13.1% in the 3rd quarter. Royal Bank of Canada now owns 18,832 shares of the company’s stock worth $1,042,000 after purchasing an additional 2,176 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of SeaWorld Entertainment during the 3rd quarter valued at approximately $285,000. Invesco Ltd. increased its position in shares of SeaWorld Entertainment by 21.4% during the 4th quarter. Invesco Ltd. now owns 165,174 shares of the company’s stock valued at $10,713,000 after purchasing an additional 29,132 shares during the last quarter. Credit Suisse AG increased its stake in SeaWorld Entertainment by 16.5% in the fourth quarter. Credit Suisse AG now owns 52,108 shares of the company’s stock worth $3,379,000 after purchasing an additional 7,398 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of SeaWorld Entertainment by 1.0% in the fourth quarter. Legal & General Group Plc now owns 51,857 shares of the company’s stock worth $3,363,000 after purchasing an additional 509 shares during the last quarter.
SeaWorld Entertainment Company Profile (Get Rating)
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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