Brokerages Anticipate SeaWorld Entertainment, Inc. (NYSE:SEAS) to Post $1.60 Earnings Per Share

Wall Street brokerages expect that SeaWorld Entertainment, Inc. (NYSE:SEASGet Rating) will post earnings of $1.60 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for SeaWorld Entertainment’s earnings. The lowest EPS estimate is $1.54 and the highest is $1.69. SeaWorld Entertainment reported earnings per share of $1.59 in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that SeaWorld Entertainment will report full-year earnings of $4.44 per share for the current fiscal year, with EPS estimates ranging from $4.30 to $4.79. For the next financial year, analysts anticipate that the company will report earnings of $4.94 per share, with EPS estimates ranging from $4.72 to $5.54. Zacks’ EPS calculations are an average based on a survey of research firms that cover SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEASGet Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. SeaWorld Entertainment had a net margin of 18.25% and a negative return on equity of 690.93%. The business had revenue of $270.70 million for the quarter, compared to analysts’ expectations of $263.23 million. During the same period in the previous year, the company posted ($0.57) earnings per share. The business’s revenue for the quarter was up 57.5% compared to the same quarter last year.

A number of research firms have recently commented on SEAS. Deutsche Bank Aktiengesellschaft boosted their target price on shares of SeaWorld Entertainment from $74.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, March 4th. JPMorgan Chase & Co. assumed coverage on shares of SeaWorld Entertainment in a research report on Friday, February 25th. They set a “neutral” rating on the stock. 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. StockNews.com cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, May 14th. Finally, B. Riley upped their price target 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. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $79.90.

Shares of NYSE SEAS traded up $0.64 during trading on Friday, reaching $55.28. 887,822 shares of the stock were exchanged, compared to its average volume of 1,165,345. The business’s 50-day moving average price is $65.32 and its 200 day moving average price is $64.60. SeaWorld Entertainment has a twelve month low of $41.94 and a twelve month high of $76.57. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 183.53. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.06 and a beta of 2.13.

In other news, CEO Marc Swanson sold 6,298 shares of the company’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $73.88, for a total transaction of $465,296.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elizabeth Gulacsy sold 10,500 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $73.34, for a total transaction of $770,070.00. Following the transaction, the insider now owns 67,479 shares of the company’s stock, valued at approximately $4,948,909.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,800 shares of company stock valued at $1,957,859. 1.00% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. grew its position in shares of SeaWorld Entertainment by 1,142.9% during the fourth quarter. Carroll Financial Associates Inc. now owns 435 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Lazard Asset Management LLC bought a new position in SeaWorld Entertainment in the 4th quarter valued at about $34,000. First Quadrant LLC CA bought a new position in SeaWorld Entertainment in the 1st quarter valued at about $42,000. Rinkey Investments bought a new position in SeaWorld Entertainment in the 4th quarter valued at about $37,000. Finally, Prospera Financial Services Inc bought a new position in SeaWorld Entertainment in the 1st quarter valued at about $47,000.

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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Earnings History and Estimates for SeaWorld Entertainment (NYSE:SEAS)

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