SeaWorld Entertainment, Inc. (SEAS) Expected to Announce Earnings of $0.35 Per Share
Equities analysts forecast that SeaWorld Entertainment, Inc. (NYSE:SEAS) will post earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for SeaWorld Entertainment’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.26. SeaWorld Entertainment reported earnings per share of $0.21 during the same quarter last year, which would suggest a positive year-over-year growth rate of 66.7%. The business is scheduled to announce its next earnings report on Thursday, August 3rd.
On average, analysts expect that SeaWorld Entertainment will report full-year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.49 to $0.87. For the next year, analysts expect that the company will report earnings of $1.00 per share, with EPS estimates ranging from $0.80 to $1.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, May 9th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.13. The business had revenue of $186.40 million for the quarter, compared to the consensus estimate of $205.59 million. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.56) EPS.
Several equities analysts recently commented on the stock. Janney Montgomery Scott reissued a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, May 10th. BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 14th. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 price objective on shares of SeaWorld Entertainment in a research note on Wednesday, May 24th. ValuEngine raised shares of SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, SunTrust Banks, Inc. assumed coverage on shares of SeaWorld Entertainment in a research note on Wednesday, April 12th. They issued a “buy” rating and a $22.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.84.
In other news, major shareholder Hill Path Holdings Llc bought 256,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was acquired at an average price of $18.22 per share, with a total value of $4,664,320.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 18,250 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were purchased at an average cost of $16.22 per share, with a total value of $296,015.00. The disclosure for this purchase can be found here. Insiders have purchased 3,402,075 shares of company stock valued at $61,494,819 in the last three months. 3.40% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Credit Agricole S A bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $100,000. Cantab Capital Partners LLP bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $161,000. Ellington Management Group LLC bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $269,000. Bayesian Capital Management LP bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $310,000. Finally, Airain ltd bought a new stake in SeaWorld Entertainment during the first quarter worth approximately $343,000.
COPYRIGHT VIOLATION WARNING: “SeaWorld Entertainment, Inc. (SEAS) Expected to Announce Earnings of $0.35 Per Share” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/06/22/seaworld-entertainment-inc-seas-expected-to-announce-earnings-of-0-35-per-share.html.
SeaWorld Entertainment (NYSE SEAS) traded up 1.09% on Thursday, hitting $15.81. 1,359,569 shares of the stock were exchanged. SeaWorld Entertainment has a 1-year low of $11.77 and a 1-year high of $20.13. The company has a market capitalization of $1.35 billion, a PE ratio of 139.91 and a beta of 0.74. The company has a 50-day moving average price of $17.52 and a 200 day moving average price of $18.16.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.