Cedar Fair, L.P. (FUN) Posts Quarterly Earnings Results, Misses Estimates By $0.77 EPS
Cedar Fair, L.P. (NYSE:FUN) released its earnings data on Thursday. The company reported ($0.37) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.77, American Banking News.com reports. The company had revenue of $139.08 million for the quarter, compared to the consensus estimate of $318.30 million.
A number of analysts have recently weighed in on FUN shares. Analysts at Zacks downgraded shares of Cedar Fair, L.P. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 5th. They now have a $53.80 price target on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Cedar Fair, L.P. in a research note on Tuesday, November 26th. They set an “outperform” rating and a $70.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cedar Fair, L.P. currently has an average rating of “Buy” and a consensus target price of $61.90.
Shares of Cedar Fair, L.P. (NYSE:FUN) traded down 0.51% during mid-day trading on Thursday, hitting $52.28. The stock had a trading volume of 124,929 shares. Cedar Fair, L.P. has a 52-week low of $36.16 and a 52-week high of $53.16. The stock has a 50-day moving average of $50.45 and a 200-day moving average of $46.55. The company has a market cap of $2.913 billion and a price-to-earnings ratio of 24.80.
Cedar Fair, L.P. is a limited partnership managed by Cedar Fair Management, Inc (NYSE:FUN).
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