United Parks & Resorts Inc. (NYSE:PRKS) to Post Q1 2024 Earnings of ($0.35) Per Share, B. Riley Forecasts

United Parks & Resorts Inc. (NYSE:PRKS) – Analysts at B. Riley lowered their Q1 2024 EPS estimates for United Parks & Resorts in a note issued to investors on Thursday, April 18th. B. Riley analyst E. Wold now anticipates that the company will earn ($0.35) per share for the quarter, down from their prior estimate of ($0.33). The consensus estimate for United Parks & Resorts’ current full-year earnings is $4.59 per share. B. Riley also issued estimates for United Parks & Resorts’ FY2024 earnings at $4.54 EPS.

Several other brokerages have also weighed in on PRKS. Citigroup increased their target price on shares of United Parks & Resorts from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Guggenheim started coverage on shares of United Parks & Resorts in a research note on Thursday, April 4th. They set a “buy” rating and a $73.00 target price for the company. Truist Financial increased their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. increased their price target on shares of United Parks & Resorts from $57.00 to $61.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Finally, Mizuho assumed coverage on shares of United Parks & Resorts in a research report on Tuesday, March 26th. They set an “underperform” rating and a $47.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.40.

United Parks & Resorts Trading Up 0.7 %

Shares of PRKS stock opened at $51.74 on Monday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 14.25 and a beta of 1.81. The stock’s 50-day moving average is $52.56. United Parks & Resorts has a 1-year low of $40.87 and a 1-year high of $61.30.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.16). United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. The firm had revenue of $389.00 million during the quarter, compared to analysts’ expectations of $396.45 million. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 1,082 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $53.48, for a total value of $57,865.36. Following the transaction, the insider now directly owns 10,586 shares in the company, valued at $566,139.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction on Monday, March 18th. The shares were sold at an average price of $52.50, for a total value of $52,500.00. Following the transaction, the insider now directly owns 37,961 shares in the company, valued at approximately $1,992,952.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Byron Surrett sold 1,082 shares of United Parks & Resorts stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $53.48, for a total transaction of $57,865.36. Following the completion of the transaction, the insider now owns 10,586 shares in the company, valued at $566,139.28. The disclosure for this sale can be found here. Insiders have sold 8,165 shares of company stock worth $420,927 over the last three months. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.