Analysts predict that Six Flags (NYSE:SIX) will post earnings of $0.93 per share for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Six Flags’ earnings. The highest EPS estimate is $0.98 and the lowest is $0.83. Six Flags posted earnings per share of $0.59 during the same quarter last year, which would indicate a positive year over year growth rate of 57.6%. The company is expected to announce its next earnings results on Wednesday, July 25th.
On average, analysts expect that Six Flags will report full year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $3.08. For the next financial year, analysts anticipate that the firm will post earnings of $3.14 per share, with EPS estimates ranging from $2.80 to $3.70. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Six Flags.
Six Flags (NYSE:SIX) last released its earnings results on Tuesday, April 24th. The company reported ($0.74) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.79) by $0.05. The firm had revenue of $128.96 million during the quarter, compared to analyst estimates of $118.75 million. Six Flags had a net margin of 19.38% and a negative return on equity of 31.58%. The business’s revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.63) EPS.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Six Flags from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Saturday, February 17th. Stifel Nicolaus restated a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Six Flags in a report on Wednesday, February 21st. Macquarie raised their target price on shares of Six Flags from $56.00 to $58.00 and gave the stock an “underperform” rating in a report on Thursday, April 26th. B. Riley raised their target price on shares of Six Flags from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Finally, ValuEngine upgraded shares of Six Flags from a “sell” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $69.55.
Shares of Six Flags traded up $0.27, hitting $64.53, during trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 1,414,902 shares, compared to its average volume of 1,164,360. The firm has a market capitalization of $5.39 billion, a PE ratio of 30.30 and a beta of 1.13. The company has a current ratio of 0.37, a quick ratio of 0.30 and a debt-to-equity ratio of -2.90. Six Flags has a 12 month low of $51.25 and a 12 month high of $70.44.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Thursday, May 31st will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $3.12 dividend on an annualized basis and a yield of 4.83%. Six Flags’s payout ratio is 146.48%.
In related news, VP Lance C. Balk sold 100,000 shares of Six Flags stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $65.67, for a total transaction of $6,567,000.00. Following the completion of the sale, the vice president now owns 15,738 shares in the company, valued at approximately $1,033,514.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Marshall Barber sold 597 shares of Six Flags stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $66.57, for a total transaction of $39,742.29. Following the sale, the chief financial officer now owns 80,536 shares of the company’s stock, valued at approximately $5,361,281.52. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in SIX. Assetmark Inc. increased its position in Six Flags by 251.0% during the 4th quarter. Assetmark Inc. now owns 1,548 shares of the company’s stock valued at $103,000 after purchasing an additional 1,107 shares during the period. Ostrum Asset Management purchased a new position in Six Flags during the 1st quarter valued at about $110,000. Bronfman E.L. Rothschild L.P. increased its position in Six Flags by 1,477.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,130 shares of the company’s stock valued at $142,000 after purchasing an additional 1,995 shares during the period. SeaCrest Wealth Management LLC purchased a new position in Six Flags during the 4th quarter valued at about $151,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Six Flags by 61.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,438 shares of the company’s stock valued at $152,000 after purchasing an additional 927 shares during the period. Institutional investors own 98.13% of the company’s stock.
Six Flags Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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