United Parks & Resorts (PRKS) to Release Quarterly Earnings on Wednesday

United Parks & Resorts (NYSE:PRKS) is set to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect United Parks & Resorts to post earnings of ($0.25) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.16). United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The business had revenue of $389.00 million for the quarter, compared to the consensus estimate of $396.45 million. During the same quarter in the prior year, the business earned $0.76 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts expect United Parks & Resorts to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

United Parks & Resorts Stock Performance

PRKS stock opened at $50.48 on Monday. United Parks & Resorts has a 1-year low of $40.87 and a 1-year high of $61.30. The firm has a 50 day moving average of $52.97. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 13.91 and a beta of 1.83.

Wall Street Analyst Weigh In

A number of research firms have commented on PRKS. Mizuho started coverage on United Parks & Resorts in a research note on Tuesday, March 26th. They issued an “underperform” rating and a $47.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective 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. Citigroup upped their price objective on shares of United Parks & Resorts from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Truist Financial cut their price target on United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating on the stock in a report on Friday. Finally, Guggenheim initiated coverage on United Parks & Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $73.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.20.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $52.50, for a total value of $52,500.00. Following the completion of the sale, the insider now owns 37,961 shares in the company, valued at $1,992,952.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Kyle Robert Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $52.50, for a total value of $52,500.00. Following the completion of the transaction, the insider now directly owns 37,961 shares of the company’s stock, valued at $1,992,952.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Byron Surrett sold 5,083 shares of United Parks & Resorts stock in a transaction on Friday, March 15th. The stock was sold at an average price of $50.50, for a total value of $256,691.50. Following the sale, the insider now owns 15,306 shares in the company, valued at $772,953. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,165 shares of company stock worth $420,927. Corporate insiders own 1.10% of the company’s stock.

About United Parks & Resorts

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.