Bank of America Corp. Reaffirms Sell Rating for SeaWorld Entertainment Inc. (SEAS)
SeaWorld Entertainment Inc. (NYSE:SEAS)‘s stock had its “sell” rating restated by analysts at Bank of America Corp. in a report released on Wednesday. They presently have a $16.00 target price on the stock. Bank of America Corp.’s target price would suggest a potential upside of 30.29% from the company’s previous close.
Several other equities research analysts have also commented on SEAS. Credit Suisse Group AG lowered shares of SeaWorld Entertainment from an “outperform” rating to an “underperform” rating and set a $15.00 price target for the company. in a research report on Thursday, May 26th. FBR & Co reaffirmed a “buy” rating on shares of SeaWorld Entertainment in a research report on Thursday, May 26th. Wedbush reaffirmed a “neutral” rating and set a $16.00 price target (down previously from $18.00) on shares of SeaWorld Entertainment in a research report on Monday, June 27th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Macquarie lowered shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and upped their price target for the company from $12.58 to $12.88 in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.07.
Shares of SeaWorld Entertainment (NYSE:SEAS) traded up 1.32% during midday trading on Wednesday, reaching $12.28. 1,902,030 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $13.05 and its 200 day moving average price is $16.45. The firm has a market capitalization of $1.05 billion, a PE ratio of 50.53 and a beta of 0.60. SeaWorld Entertainment has a one year low of $11.77 and a one year high of $21.85.
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SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $371.10 million for the quarter, compared to analysts’ expectations of $377.19 million. SeaWorld Entertainment had a net margin of 1.52% and a return on equity of 12.97%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. On average, equities research analysts expect that SeaWorld Entertainment will post $0.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio is 381.84%.
A number of large investors have recently added to or reduced their stakes in SEAS. Norges Bank purchased a new stake in SeaWorld Entertainment during the fourth quarter valued at about $18,228,000. Teachers Advisors Inc. raised its stake in SeaWorld Entertainment by 3.1% in the first quarter. Teachers Advisors Inc. now owns 105,930 shares of the company’s stock valued at $2,231,000 after buying an additional 3,227 shares in the last quarter. Prudential Financial Inc. purchased a new stake in SeaWorld Entertainment during the first quarter valued at about $440,000. RMB Capital Management LLC raised its stake in SeaWorld Entertainment by 35.2% in the first quarter. RMB Capital Management LLC now owns 345,487 shares of the company’s stock valued at $7,276,000 after buying an additional 90,000 shares in the last quarter. Finally, Eos Focused Equity Management L.P. purchased a new stake in SeaWorld Entertainment during the first quarter valued at about $1,198,000. 96.74% of the stock is owned by institutional investors.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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