SeaWorld Entertainment Inc. (SEAS) Receives Average Rating of “Hold” from Analysts
Shares of SeaWorld Entertainment Inc. (NYSE:SEAS) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.62.
SEAS has been the subject of a number of recent research reports. Citigroup Inc. raised SeaWorld Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.77 to $14.00 in a research note on Thursday, September 22nd. They noted that the move was a valuation call. Bank of America Corp. reaffirmed a “sell” rating and issued a $16.00 target price on shares of SeaWorld Entertainment in a research note on Wednesday, September 21st. Dougherty & Co cut their target price on SeaWorld Entertainment from $6.00 to $5.50 and set a “buy” rating for the company in a research note on Friday, September 2nd. Macquarie set a $13.00 target price on SeaWorld Entertainment and gave the stock a “hold” rating in a research note on Tuesday, September 20th. Finally, Zacks Investment Research raised SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 6th.
SeaWorld Entertainment (NYSE:SEAS) traded up 0.14% during mid-day trading on Tuesday, reaching $14.31. 1,567,930 shares of the company were exchanged. The stock’s 50-day moving average price is $13.21 and its 200-day moving average price is $15.97. SeaWorld Entertainment has a 1-year low of $11.77 and a 1-year high of $21.85. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 58.89 and a beta of 0.58.
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SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The business earned $371.10 million during the quarter, compared to the consensus estimate of $377.19 million. During the same period last year, the company earned $0.22 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities research analysts anticipate that SeaWorld Entertainment will post $0.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio (DPR) is 181.83%.
A number of institutional investors have recently made changes to their positions in SEAS. Teacher Retirement System of Texas boosted its position 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 valued at $134,000 after buying an additional 533 shares during the last quarter. BlackRock Inc. boosted its position in shares of SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock valued at $117,000 after buying an additional 597 shares during the last quarter. Symons Capital Management Inc. boosted its position in shares of SeaWorld Entertainment by 4.4% in the second quarter. Symons Capital Management Inc. now owns 17,765 shares of the company’s stock valued at $255,000 after buying an additional 750 shares during the last quarter. First Trust Advisors LP boosted its position in shares of SeaWorld Entertainment by 6.8% in the second quarter. First Trust Advisors LP now owns 27,948 shares of the company’s stock valued at $400,000 after buying an additional 1,773 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of SeaWorld Entertainment by 2.1% in the second quarter. Raymond James & Associates now owns 99,285 shares of the company’s stock valued at $1,423,000 after buying an additional 2,010 shares during the last quarter. Institutional investors own 96.73% 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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