Cedar Fair, L.P. (NYSE:FUN) – Equities research analysts at Wedbush lifted their Q4 2017 earnings estimates for Cedar Fair, L.P. in a report issued on Thursday. Wedbush analyst J. Hardiman now anticipates that the company will post earnings of $0.20 per share for the quarter, up from their previous estimate of $0.03. Wedbush also issued estimates for Cedar Fair, L.P.’s FY2018 earnings at $3.54 EPS.

Cedar Fair, L.P. (NYSE:FUN) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by $0.20. Cedar Fair, L.P. had a net margin of 10.50% and a return on equity of 1,048.17%. The company had revenue of $392.80 million during the quarter, compared to analysts’ expectations of $405.78 million. During the same quarter in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year.

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A number of other equities analysts have also recently issued reports on FUN. BidaskClub cut Cedar Fair, L.P. from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut Cedar Fair, L.P. from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $81.00 target price on shares of Cedar Fair, L.P. in a report on Tuesday, July 4th. Stifel Nicolaus restated a “buy” rating and issued a $78.00 target price on shares of Cedar Fair, L.P. in a report on Friday, July 7th. Finally, SunTrust Banks, Inc. assumed coverage on Cedar Fair, L.P. in a report on Wednesday, April 12th. They issued a “hold” rating and a $72.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Cedar Fair, L.P. has a consensus rating of “Buy” and a consensus price target of $74.75.

Shares of Cedar Fair, L.P. (NYSE:FUN) opened at 66.46 on Monday. Cedar Fair, L.P. has a 12 month low of $56.23 and a 12 month high of $72.56. The stock has a market capitalization of $3.73 billion, a P/E ratio of 27.88 and a beta of 0.50. The stock has a 50 day moving average price of $70.48 and a 200 day moving average price of $68.63.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, September 6th will be given a $0.855 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $3.42 annualized dividend and a dividend yield of 5.15%. Cedar Fair, L.P.’s dividend payout ratio (DPR) is presently 144.30%.

In other news, CEO Matthew A. Ouimet sold 12,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $71.20, for a total value of $854,400.00. Following the completion of the sale, the chief executive officer now owns 207,299 shares of the company’s stock, valued at $14,759,688.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew A. Ouimet sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $70.15, for a total value of $1,052,250.00. Following the completion of the sale, the chief executive officer now directly owns 220,499 shares of the company’s stock, valued at approximately $15,468,004.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,100 shares of company stock valued at $2,533,549. 2.00% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Cedar Fair, L.P. during the first quarter valued at approximately $102,000. Solaris Asset Management LLC boosted its stake in shares of Cedar Fair, L.P. by 8.4% in the second quarter. Solaris Asset Management LLC now owns 1,545 shares of the company’s stock valued at $111,000 after buying an additional 120 shares during the period. Peddock Capital Advisors LLC acquired a new stake in shares of Cedar Fair, L.P. during the second quarter valued at approximately $144,000. Dubuque Bank & Trust Co. acquired a new stake in shares of Cedar Fair, L.P. during the first quarter valued at approximately $188,000. Finally, Anchor Capital Advisors LLC acquired a new stake in shares of Cedar Fair, L.P. during the first quarter valued at approximately $203,000. 51.77% of the stock is owned by institutional investors and hedge funds.

Cedar Fair, L.P. Company Profile

Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.

Earnings History and Estimates for Cedar Fair, L.P. (NYSE:FUN)

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