$0.34 EPS Expected for SeaWorld Entertainment, Inc. (SEAS) This Quarter
Analysts predict that SeaWorld Entertainment, Inc. (NYSE:SEAS) will announce earnings per share of $0.34 for the current quarter, Zacks reports. Eight analysts have made estimates for SeaWorld Entertainment’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $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 61.9%. The business is expected to report its next earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that SeaWorld Entertainment will report full-year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.50 to $0.84. For the next fiscal year, analysts anticipate that the company will report earnings of $1.00 per share, with EPS estimates ranging from $0.80 to $1.22. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last released 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. SeaWorld Entertainment had a net margin of 0.79% and a return on equity of 3.66%. The company had revenue of $186.40 million during the quarter, compared to the consensus estimate of $205.59 million. During the same quarter last year, the firm posted ($0.56) EPS. The company’s quarterly revenue was down 15.3% on a year-over-year basis.
A number of research analysts recently issued reports on SEAS shares. FBR & Co restated a “buy” rating on shares of SeaWorld Entertainment in a report on Monday, March 27th. Goldman Sachs Group, Inc. (The) started coverage on SeaWorld Entertainment in a report on Thursday, April 6th. They set a “sell” rating and a $16.00 price target on the stock. SunTrust Banks, Inc. started coverage on SeaWorld Entertainment in a report on Wednesday, April 12th. They set a “buy” rating and a $22.00 price target on the stock. Janney Montgomery Scott restated a “buy” rating and set a $24.00 price target on shares of SeaWorld Entertainment in a report on Thursday, April 13th. Finally, Stifel Nicolaus started coverage on SeaWorld Entertainment in a report on Thursday, April 20th. They set a “buy” rating and a $23.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. SeaWorld Entertainment has a consensus rating of “Hold” and a consensus price target of $17.97.
SeaWorld Entertainment (SEAS) traded down 0.62% during midday trading on Tuesday, hitting $14.35. The company’s stock had a trading volume of 3,115,465 shares. SeaWorld Entertainment has a 52-week low of $11.77 and a 52-week high of $20.13. The stock has a 50 day moving average of $17.08 and a 200 day moving average of $18.03. The company has a market cap of $1.23 billion, a PE ratio of 126.99 and a beta of 0.75.
In related news, major shareholder Delaware L.P. Sw sold 19,452,063 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $23.00, for a total value of $447,397,449.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Hill Path Capital Partners Co- acquired 19,600 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was acquired at an average cost of $15.25 per share, for a total transaction of $298,900.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 3,540,475 shares of company stock worth $63,638,585. Insiders own 3.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in SEAS. Credit Agricole S A acquired a new position in SeaWorld Entertainment during the fourth quarter valued at about $100,000. Quadrature Capital Ltd boosted its position in SeaWorld Entertainment by 231.3% in the fourth quarter. Quadrature Capital Ltd now owns 68,574 shares of the company’s stock valued at $1,299,000 after buying an additional 47,876 shares during the period. State Street Corp boosted its position in SeaWorld Entertainment by 4.7% in the fourth quarter. State Street Corp now owns 1,203,728 shares of the company’s stock valued at $22,787,000 after buying an additional 54,424 shares during the period. Norges Bank acquired a new position in SeaWorld Entertainment during the fourth quarter valued at about $3,048,000. Finally, Parametric Portfolio Associates LLC boosted its position in SeaWorld Entertainment by 5.9% in the first quarter. Parametric Portfolio Associates LLC now owns 367,892 shares of the company’s stock valued at $6,721,000 after buying an additional 20,491 shares during the period.
About SeaWorld Entertainment
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.
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