Brokerages Expect SeaWorld Entertainment, Inc. (SEAS) Will Announce Earnings of $0.80 Per Share

Analysts expect SeaWorld Entertainment, Inc. (NYSE:SEAS) to announce $0.80 earnings per share for the current quarter, according to Zacks. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.63. SeaWorld Entertainment posted earnings of $0.77 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The company is scheduled to issue its next earnings report before the market opens on Tuesday, November 7th.

According to Zacks, analysts expect that SeaWorld Entertainment will report full-year earnings of ($2.08) per share for the current financial year, with EPS estimates ranging from ($2.27) to ($1.89). For the next fiscal year, analysts expect that the company will report earnings of $0.41 per share, with EPS estimates ranging from $0.23 to $0.65. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The firm had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $395.24 million. During the same quarter in the prior year, the business earned $0.21 EPS. SeaWorld Entertainment’s quarterly revenue was up .7% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered their price target on shares of SeaWorld Entertainment from $23.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday. FBR & Co lowered shares of SeaWorld Entertainment from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $20.00 to $15.00 in a research report on Wednesday, August 9th. Barclays PLC lowered their price target on shares of SeaWorld Entertainment from $17.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, August 11th. Finally, ValuEngine upgraded shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.45.

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Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 12.38 on Friday. The stock has a 50 day moving average of $12.84 and a 200 day moving average of $15.16. The firm’s market cap is $1.06 billion. SeaWorld Entertainment has a 1-year low of $11.10 and a 1-year high of $20.13.

In related news, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of SeaWorld Entertainment stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $13.21 per share, with a total value of $4,235,482.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of SeaWorld Entertainment stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $13.31 per share, with a total value of $5,562,808.02. The disclosure for this purchase can be found here. Insiders purchased 1,472,969 shares of company stock valued at $19,324,419 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SEAS. UBS Asset Management Americas Inc. lifted its holdings in SeaWorld Entertainment by 38.7% in the first quarter. UBS Asset Management Americas Inc. now owns 59,050 shares of the company’s stock worth $1,079,000 after purchasing an additional 16,479 shares during the period. American International Group Inc. lifted its holdings in SeaWorld Entertainment by 7.1% in the first quarter. American International Group Inc. now owns 41,203 shares of the company’s stock worth $753,000 after purchasing an additional 2,730 shares during the period. Teachers Advisors LLC lifted its holdings in SeaWorld Entertainment by 7.7% in the first quarter. Teachers Advisors LLC now owns 117,192 shares of the company’s stock worth $2,141,000 after purchasing an additional 8,380 shares during the period. California Public Employees Retirement System lifted its holdings in SeaWorld Entertainment by 9.5% in the first quarter. California Public Employees Retirement System now owns 184,500 shares of the company’s stock worth $3,371,000 after purchasing an additional 16,000 shares during the period. Finally, Legal & General Group Plc lifted its holdings in SeaWorld Entertainment by 1.7% in the first quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock worth $1,458,000 after purchasing an additional 1,352 shares during the period. 89.36% of the stock is owned by institutional investors and hedge funds.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.

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