SeaWorld Entertainment Inc. (SEAS) Given a $13.00 Price Target by Macquarie Analysts
SeaWorld Entertainment Inc. (NYSE:SEAS) received a $13.00 price target from equities research analysts at Macquarie in a research note issued on Tuesday. The firm currently has a a “hold” rating on the stock. Macquarie’s target price would indicate a potential upside of 7.26% from the company’s current price.
SEAS has been the subject of several other reports. FBR & Co restated a “buy” rating on shares of SeaWorld Entertainment in a report on Thursday, May 26th. Credit Suisse Group AG lowered SeaWorld Entertainment from an “outperform” rating to an “underperform” rating and set a $15.00 target price for the company. in a report on Thursday, May 26th. Wedbush restated a “neutral” rating and issued a $16.00 target price (down from $18.00) on shares of SeaWorld Entertainment in a report on Monday, June 27th. Zacks Investment Research upgraded SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. reduced their target price on SeaWorld Entertainment from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.07.
Shares of SeaWorld Entertainment (NYSE:SEAS) traded up 1.49% during trading on Tuesday, reaching $12.30. The company had a trading volume of 1,438,174 shares. The firm has a market capitalization of $1.05 billion, a PE ratio of 50.62 and a beta of 0.60. The stock has a 50 day moving average price of $13.05 and a 200 day moving average price of $16.45. SeaWorld Entertainment has a 12 month low of $11.77 and a 12 month high of $21.85.
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SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly 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 earned $371.10 million during the quarter, compared to analyst estimates of $377.19 million. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. On average, equities research analysts forecast that SeaWorld Entertainment will post $0.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio (DPR) is 381.84%.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of SeaWorld Entertainment by 15.6% in the first quarter. BlackRock Inc. now owns 7,604 shares of the company’s stock worth $160,000 after buying an additional 1,027 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock worth $134,000 after buying an additional 533 shares during the period. Eqis Capital Management Inc. bought a new stake in shares of SeaWorld Entertainment during the second quarter worth $144,000. Pitcairn Co. bought a new stake in shares of SeaWorld Entertainment during the second quarter worth $163,000. Finally, Laurion Capital Management LP bought a new stake in shares of SeaWorld Entertainment during the second quarter worth $182,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.
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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