Six Flags Entertainment Corporation New (NYSE:SIX) – Stock analysts at FBR & Co lowered their Q3 2017 earnings per share estimates for Six Flags Entertainment Corporation New in a research note issued to investors on Tuesday. FBR & Co analyst B. Crockett now forecasts that the company will post earnings of $1.71 per share for the quarter, down from their previous forecast of $1.85. FBR & Co currently has a “Buy” rating and a $65.00 price target on the stock. FBR & Co also issued estimates for Six Flags Entertainment Corporation New’s FY2017 earnings at $1.74 EPS, FY2018 earnings at $2.48 EPS, FY2019 earnings at $2.42 EPS and FY2020 earnings at $2.93 EPS.

SIX has been the topic of a number of other reports. William Blair began coverage on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 21st. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. BidaskClub upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Janney Montgomery Scott reissued a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $73.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.73.

ILLEGAL ACTIVITY NOTICE: “Q3 2017 Earnings Estimate for Six Flags Entertainment Corporation New Issued By FBR & Co (SIX)” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/04/q3-2017-earnings-estimate-for-six-flags-entertainment-corporation-new-issued-by-fbr-co-six.html.

Shares of Six Flags Entertainment Corporation New (NYSE:SIX) opened at 61.07 on Wednesday. Six Flags Entertainment Corporation New has a one year low of $50.33 and a one year high of $65.19. The company’s 50-day moving average is $55.62 and its 200-day moving average is $58.33. The company has a market capitalization of $5.23 billion, a PE ratio of 56.76 and a beta of 1.16.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business had revenue of $422.37 million for the quarter, compared to analyst estimates of $438.04 million. During the same period in the prior year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Six Flags Entertainment Corporation New by 2,062.3% during the 1st quarter. JPMorgan Chase & Co. now owns 249,681 shares of the company’s stock worth $14,855,000 after buying an additional 238,134 shares during the period. Brookstone Capital Management bought a new position in Six Flags Entertainment Corporation New during the second quarter worth about $277,000. Oppenheimer & Co. Inc. bought a new position in Six Flags Entertainment Corporation New during the second quarter worth about $255,000. TD Asset Management Inc. lifted its holdings in Six Flags Entertainment Corporation New by 0.4% during the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock worth $787,000 after acquiring an additional 59 shares in the last quarter. Finally, Jackson Wealth Management LLC grew its stake in Six Flags Entertainment Corporation New by 10.8% in the second quarter. Jackson Wealth Management LLC now owns 26,526 shares of the company’s stock valued at $1,508,000 after acquiring an additional 2,579 shares during the period. Institutional investors and hedge funds own 88.63% of the company’s stock.

In other news, Director Jon L. Luther purchased 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction dated Tuesday, August 29th. The shares were bought at an average cost of $52.58 per share, with a total value of $157,740.00. Following the completion of the transaction, the director now directly owns 53,511 shares in the company, valued at approximately $2,813,608.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Lance C. Balk sold 48,998 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total transaction of $2,797,785.80. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 31st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 4.19%. The ex-dividend date was Tuesday, August 29th. Six Flags Entertainment Corporation New’s payout ratio is presently 239.25%.

Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

Receive News & Ratings for Six Flags Entertainment Corporation New Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment Corporation New and related companies with MarketBeat.com's FREE daily email newsletter.