Six Flags Entertainment (NYSE:SIX) Releases Earnings Results, Beats Expectations By $0.31 EPS

Six Flags Entertainment (NYSE:SIXGet Rating) posted its quarterly earnings data on Thursday. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.31, MarketWatch Earnings reports. Six Flags Entertainment had a negative return on equity of 11.88% and a net margin of 8.68%. The company had revenue of $138.10 million for the quarter, compared to the consensus estimate of $122.26 million. During the same quarter in the previous year, the business earned ($1.12) EPS. The company’s quarterly revenue was up 68.4% compared to the same quarter last year.

Shares of NYSE SIX opened at $28.30 on Friday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.25 and a beta of 2.22. The business has a 50-day moving average of $39.78 and a 200-day moving average of $40.91. Six Flags Entertainment has a fifty-two week low of $26.84 and a fifty-two week high of $47.61.

A number of research firms have recently commented on SIX. Citigroup dropped their price objective on Six Flags Entertainment from $51.00 to $41.00 in a research note on Friday. Rosenblatt Securities initiated coverage on Six Flags Entertainment in a report on Monday, April 25th. They issued a “buy” rating and a $56.00 target price on the stock. B. Riley decreased their target price on Six Flags Entertainment from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, April 21st. StockNews.com initiated coverage on Six Flags Entertainment in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Oppenheimer upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a report on Tuesday, January 18th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $52.10.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can lifted its stake in Six Flags Entertainment by 7.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 44,298 shares of the company’s stock valued at $1,985,000 after purchasing an additional 2,943 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Six Flags Entertainment by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,361 shares of the company’s stock valued at $1,234,000 after purchasing an additional 2,704 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Six Flags Entertainment by 37.0% in the 1st quarter. MetLife Investment Management LLC now owns 51,361 shares of the company’s stock valued at $2,234,000 after purchasing an additional 13,860 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Six Flags Entertainment in the 1st quarter valued at about $109,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Six Flags Entertainment in the 1st quarter valued at about $771,000. Institutional investors own 88.55% of the company’s stock.

Six Flags Entertainment Company Profile (Get Rating)

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company also sells food, beverages, merchandise, and other products and services within its parks.

Further Reading

Earnings History for Six Flags Entertainment (NYSE:SIX)

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