SeaWorld Entertainment, Inc. (NYSE:SEAS) Expected to Post Earnings of $0.34 Per Share
Equities research analysts expect that SeaWorld Entertainment, Inc. (NYSE:SEAS) will post earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings, with estimates ranging from $0.26 to $0.46. SeaWorld Entertainment reported earnings of $0.21 per share in the same quarter last year, which would suggest a positive year over year growth rate of 61.9%. The business is scheduled to announce its next earnings results 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 financial year, analysts expect that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.80 to $1.22. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, May 9th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.13. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $205.59 million. During the same period in the prior year, the business earned ($0.56) EPS. SeaWorld Entertainment’s quarterly revenue was down 15.3% on a year-over-year basis.
SEAS has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of SeaWorld Entertainment from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 3rd. FBR & Co reaffirmed a “buy” rating on shares of SeaWorld Entertainment in a report on Monday, April 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $23.00 price target on shares of SeaWorld Entertainment in a report on Friday, July 14th. BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of SeaWorld Entertainment in a report on Wednesday, May 10th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. SeaWorld Entertainment currently has a consensus rating of “Hold” and a consensus target price of $17.23.
Shares of SeaWorld Entertainment (NYSE:SEAS) traded down 4.22% during trading on Monday, reaching $13.61. 4,155,280 shares of the company were exchanged. SeaWorld Entertainment has a one year low of $11.77 and a one year high of $20.13. The stock has a 50-day moving average price of $15.42 and a 200-day moving average price of $17.38. The stock has a market capitalization of $1.16 billion, a PE ratio of 120.44 and a beta of 0.73.
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In other SeaWorld Entertainment news, CFO Peter J. Crage sold 3,000 shares of the firm’s 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 sale, the chief financial officer now owns 275,435 shares in the company, valued at approximately $5,012,917. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 362,025 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average price of $17.82 per share, for a total transaction of $6,451,285.50. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,540,475 shares of company stock worth $63,638,585. 3.40% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Airain ltd purchased a new stake in SeaWorld Entertainment during the first quarter worth approximately $343,000. Alpha Windward LLC purchased a new stake in SeaWorld Entertainment during the second quarter worth approximately $403,000. Oppenheimer Asset Management Inc. purchased a new stake in SeaWorld Entertainment during the first quarter worth approximately $466,000. Paloma Partners Management Co purchased a new stake in SeaWorld Entertainment during the first quarter worth approximately $486,000. Finally, Canada Pension Plan Investment Board purchased a new stake in SeaWorld Entertainment during the second quarter worth approximately $499,000.
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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