Seaworld Entertainment Given Average Rating of “Buy” by Brokerages (NASDAQ:SEAS)
Shares of Seaworld Entertainment (NASDAQ:SEAS) have received an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Analyst Ratings Network.com reports. Six analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $39.29.
Separately, analysts at Barclays reiterated an “overweight” rating on shares of Seaworld Entertainment in a research note on Friday. They now have a $40.00 price target on the stock, down previously from $41.00.
Shares of Seaworld Entertainment (NASDAQ:SEAS) traded up 1.63% during mid-day trading on Monday, hitting $30.54. 327,485 shares of the company’s stock traded hands. Seaworld Entertainment has a 52-week low of $27.48 and a 52-week high of $39.65. The stock has a 50-day moving average of $30.16 and a 200-day moving average of $31.01. The company has a market cap of $2.700 billion and a price-to-earnings ratio of 65.18.
Seaworld Entertainment (NASDAQ:SEAS) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.47) by $0.09. The company had revenue of $212.30 million for the quarter, compared to the consensus estimate of $217.51 million. The company’s quarterly revenue was down 11.0% on a year-over-year basis. On average, analysts predict that Seaworld Entertainment will post $1.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, June 20th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, June 18th. This is an increase from Seaworld Entertainment’s previous quarterly dividend of $0.20.
In other Seaworld Entertainment news, Insider George Anthony Taylor unloaded 6,654 shares of the stock on the open market in a transaction dated Monday, May 5th. The shares were sold at an average price of $30.61, for a total value of $203,678.94. Following the completion of the sale, the insider now directly owns 81,216 shares of the company’s stock, valued at approximately $2,486,022. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company is engaged in delivering personal, interactive and educational experiences that blend imagination with nature and enable its customers to celebrate, connect with and care for the natural world.
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