Six Flags Entertainment (FUN) to Release Earnings on Friday

Six Flags Entertainment (NYSE:FUN) is anticipated to post its results before the market opens on Friday, November 7th. Analysts expect Six Flags Entertainment to post earnings of $2.27 per share and revenue of $1.3430 billion for the quarter.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). The company had revenue of $930.39 million for the quarter, compared to analyst estimates of $999.82 million. Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. On average, analysts expect Six Flags Entertainment to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Six Flags Entertainment Stock Performance

Shares of NYSE:FUN opened at $21.16 on Wednesday. The stock has a market capitalization of $2.14 billion, a P/E ratio of -4.36 and a beta of 0.71. Six Flags Entertainment has a 1-year low of $20.00 and a 1-year high of $49.77. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 2.97. The business has a 50-day moving average price of $22.88 and a two-hundred day moving average price of $28.49.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group decreased their target price on Six Flags Entertainment from $30.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Capital One Financial set a $28.00 target price on Six Flags Entertainment in a research report on Tuesday, October 7th. Oppenheimer reduced their target price on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Truist Financial downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research note on Wednesday, September 3rd. Finally, Barclays cut their price objective on Six Flags Entertainment from $40.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.07.

Institutional Investors Weigh In On Six Flags Entertainment

A number of large investors have recently added to or reduced their stakes in the stock. State of Wyoming increased its holdings in shares of Six Flags Entertainment by 100.2% during the second quarter. State of Wyoming now owns 9,746 shares of the company’s stock worth $297,000 after buying an additional 4,877 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Six Flags Entertainment by 8.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 320,526 shares of the company’s stock worth $9,754,000 after buying an additional 24,729 shares during the period. Tower Research Capital LLC TRC increased its holdings in Six Flags Entertainment by 364.4% in the second quarter. Tower Research Capital LLC TRC now owns 11,295 shares of the company’s stock valued at $344,000 after purchasing an additional 8,863 shares during the period. Corient Private Wealth LLC increased its holdings in Six Flags Entertainment by 10.6% in the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock valued at $283,000 after purchasing an additional 888 shares during the period. Finally, Rush Island Management LP acquired a new stake in Six Flags Entertainment in the second quarter valued at $115,454,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.