Brokerages expect that Cedar Fair, L.P. (NYSE:FUN) will announce earnings of $3.35 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Cedar Fair, L.P.’s earnings. The highest EPS estimate is $3.69 and the lowest is $3.17. Cedar Fair, L.P. posted earnings of $3.10 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The company is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Cedar Fair, L.P. will report full year earnings of $2.99 per share for the current year, with EPS estimates ranging from $2.79 to $3.52. For the next year, analysts expect that the business will post earnings of $3.59 per share, with EPS estimates ranging from $3.38 to $3.88. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Cedar Fair, L.P..

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

FUN has been the subject of several recent analyst reports. Zacks Investment Research downgraded Cedar Fair, L.P. from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub downgraded Cedar Fair, L.P. from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $81.00 target price on shares of Cedar Fair, L.P. in a research note on Tuesday, July 4th. FBR & Co restated a “buy” rating on shares of Cedar Fair, L.P. in a research note on Thursday, September 7th. Finally, Stifel Nicolaus restated a “buy” rating and set a $74.00 target price (down from $75.00) on shares of Cedar Fair, L.P. in a research note on Thursday, September 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $74.22.

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In other news, CEO Matthew A. Ouimet sold 3,000 shares of Cedar Fair, L.P. stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $66.80, for a total transaction of $200,400.00. Following the sale, the chief executive officer now owns 195,199 shares of the company’s stock, valued at $13,039,293.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas Klein purchased 7,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $462,910.00. Following the acquisition, the director now owns 24,960 shares of the company’s stock, valued at approximately $1,650,604.80. The disclosure for this purchase can be found here. Insiders sold 24,100 shares of company stock worth $1,681,699 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in shares of Cedar Fair, L.P. by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,065 shares of the company’s stock valued at $509,000 after buying an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Cedar Fair, L.P. by 0.7% during the second quarter. Capital Advisors Ltd. LLC now owns 3,084 shares of the company’s stock valued at $222,000 after buying an additional 21 shares during the last quarter. MAI Capital Management raised its holdings in shares of Cedar Fair, L.P. by 0.5% during the second quarter. MAI Capital Management now owns 4,670 shares of the company’s stock valued at $337,000 after buying an additional 23 shares during the last quarter. Dynamic Advisors Solutions LLC raised its holdings in shares of Cedar Fair, L.P. by 1.2% during the second quarter. Dynamic Advisors Solutions LLC now owns 3,500 shares of the company’s stock valued at $252,000 after buying an additional 42 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Cedar Fair, L.P. by 0.5% during the second quarter. Private Trust Co. NA now owns 10,048 shares of the company’s stock valued at $724,000 after buying an additional 50 shares during the last quarter. 51.53% of the stock is currently owned by institutional investors.

Shares of Cedar Fair, L.P. (NYSE:FUN) opened at 65.05 on Friday. Cedar Fair, L.P. has a one year low of $56.23 and a one year high of $72.56. The firm’s 50-day moving average price is $66.38 and its 200-day moving average price is $68.91. The stock has a market capitalization of $3.66 billion, a P/E ratio of 27.29 and a beta of 0.50.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, September 6th will be issued a $0.855 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $3.42 dividend on an annualized basis and a yield of 5.26%. Cedar Fair, L.P.’s dividend payout ratio is currently 144.30%.

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.

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

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