Brokerages expect SeaWorld Entertainment, Inc. (NYSE:SEAS) to announce $398.42 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for SeaWorld Entertainment’s earnings. The lowest sales estimate is $392.10 million and the highest is $408.00 million. SeaWorld Entertainment reported sales of $371.14 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The business is expected to report its next earnings results before the market opens on Tuesday, August 8th.

On average, analysts expect that SeaWorld Entertainment will report full-year sales of $398.42 million for the current financial year, with estimates ranging from $1.35 billion to $1.37 billion. For the next year, analysts forecast that the company will post sales of $1.39 billion per share, with estimates ranging from $1.36 billion to $1.41 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.53) by $0.13. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $205.59 million. SeaWorld Entertainment had a net margin of 0.79% and a return on equity of 3.66%. The business’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.56) earnings per share.

SEAS has been the topic of a number of analyst reports. FBR & Co reaffirmed a “buy” rating on shares of SeaWorld Entertainment in a research note on Monday, March 27th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of SeaWorld Entertainment in a research note on Thursday, April 6th. They set a “sell” rating and a $16.00 target price on the stock. SunTrust Banks, Inc. initiated coverage on shares of SeaWorld Entertainment in a research note on Wednesday, April 12th. They set a “buy” rating and a $22.00 target price on the stock. Janney Montgomery Scott reaffirmed a “buy” rating and set a $24.00 target price on shares of SeaWorld Entertainment in a research note on Thursday, April 13th. Finally, Stifel Nicolaus began coverage on shares of SeaWorld Entertainment in a research note on Thursday, April 20th. They issued a “buy” rating and a $23.00 price target on the stock. Five analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. SeaWorld Entertainment presently has an average rating of “Hold” and an average price target of $17.97.

In related news, major shareholder Delaware L.P. Sw sold 19,452,063 shares of SeaWorld Entertainment stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $23.00, for a total value of $447,397,449.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter J. Crage sold 3,000 shares of SeaWorld Entertainment stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $18.20, for a total transaction of $54,600.00. Following the completion of the transaction, the chief financial officer now owns 275,435 shares of the company’s stock, valued at approximately $5,012,917. The disclosure for this sale can be found here. Insiders purchased 3,540,475 shares of company stock valued at $63,638,585 in the last 90 days. Company insiders own 3.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Credit Agricole S A acquired a new position in shares of SeaWorld Entertainment during the fourth quarter worth $100,000. Airain ltd acquired a new position in shares of SeaWorld Entertainment during the first quarter worth $343,000. Alpha Windward LLC acquired a new position in shares of SeaWorld Entertainment during the second quarter worth $403,000. Oppenheimer Asset Management Inc. acquired a new position in shares of SeaWorld Entertainment during the first quarter worth $466,000. Finally, Paloma Partners Management Co acquired a new position in shares of SeaWorld Entertainment during the first quarter worth $486,000.

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Shares of SeaWorld Entertainment (NYSE SEAS) traded up 0.21% during trading on Thursday, reaching $14.65. 143,512 shares of the company traded hands. The firm has a 50 day moving average of $16.00 and a 200 day moving average of $17.64. SeaWorld Entertainment has a 52 week low of $11.77 and a 52 week high of $20.13. The stock has a market capitalization of $1.25 billion, a PE ratio of 129.65 and a beta of 0.75.

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.

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