Q4 2017 EPS Estimates for Six Flags Entertainment Corporation New (SIX) Lifted by Analyst

Six Flags Entertainment Corporation New (NYSE:SIX) – Oppenheimer Holdings raised their Q4 2017 earnings per share (EPS) estimates for Six Flags Entertainment Corporation New in a research note issued to investors on Monday. Oppenheimer Holdings analyst I. Zaffino now anticipates that the company will post earnings per share of $0.12 for the quarter, up from their prior forecast of $0.10.

A number of other research firms also recently weighed in on SIX. Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Friday, July 14th. BidaskClub raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Macquarie downgraded shares of Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. FBR & Co reaffirmed a “buy” rating and set a $65.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Monday, September 25th. Finally, Zacks Investment Research downgraded shares of Six Flags Entertainment Corporation New from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $66.70.

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Shares of Six Flags Entertainment Corporation New (NYSE SIX) opened at 60.92 on Wednesday. Six Flags Entertainment Corporation New has a 12-month low of $50.33 and a 12-month high of $65.19. The firm has a market cap of $5.21 billion, a P/E ratio of 56.62 and a beta of 1.16. The company has a 50-day moving average of $56.63 and a 200 day moving average of $58.44.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.11). Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. During the same quarter last year, the business posted $0.64 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 31st were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Tuesday, August 29th. Six Flags Entertainment Corporation New’s payout ratio is 239.25%.

In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total transaction of $2,797,785.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jon L. Luther acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $52.58 per share, with a total value of $157,740.00. Following the completion of the acquisition, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in SIX. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Six Flags Entertainment Corporation New by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after acquiring an additional 225 shares in the last quarter. Ffcm LLC grew its holdings in Six Flags Entertainment Corporation New by 114.8% during the 2nd quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after acquiring an additional 1,406 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Six Flags Entertainment Corporation New by 6.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after acquiring an additional 155 shares in the last quarter. First Mercantile Trust Co. acquired a new position in Six Flags Entertainment Corporation New during the 2nd quarter worth $185,000. Finally, Parametrica Management Ltd acquired a new position in Six Flags Entertainment Corporation New during the 2nd quarter worth $205,000. 88.63% of the stock is owned by institutional investors.

About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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