Six Flags Entertainment (SIX) Set to Announce Earnings on Thursday

Six Flags Entertainment (NYSE:SIX) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.90) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). The firm had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. On average, analysts expect Six Flags Entertainment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Six Flags Entertainment Trading Up 1.5 %

Shares of NYSE SIX opened at $25.10 on Tuesday. Six Flags Entertainment has a one year low of $18.29 and a one year high of $28.99. The business has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $24.39. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 54.57 and a beta of 2.20.

Analyst Upgrades and Downgrades

SIX has been the subject of a number of analyst reports. StockNews.com assumed coverage on shares of Six Flags Entertainment in a report on Tuesday. They set a “hold” rating for the company. B. Riley raised Six Flags Entertainment from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $31.00 in a report on Thursday, April 18th. Citigroup increased their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Truist Financial upped their price target on Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.31.

About Six Flags Entertainment

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 sells food, beverages, merchandise, and other products and services within its parks.