Six Flags Entertainment Corporation New (NYSE:SIX) – Research analysts at Wedbush decreased their Q3 2017 earnings per share estimates for Six Flags Entertainment Corporation New in a research report issued on Wednesday. Wedbush analyst J. Hardiman now anticipates that the company will earn $1.94 per share for the quarter, down from their prior estimate of $1.97. Wedbush currently has a “Outperform” rating and a $70.00 target price on the stock. Wedbush also issued estimates for Six Flags Entertainment Corporation New’s FY2018 earnings at $1.96 EPS.

A number of other research firms have also recently commented on SIX. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. Hilliard Lyons upgraded Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, August 30th. BidaskClub cut Six Flags Entertainment Corporation New from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $70.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.70.

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Shares of Six Flags Entertainment Corporation New (SIX) opened at 61.83 on Thursday. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 57.46 and a beta of 1.16. Six Flags Entertainment Corporation New has a one year low of $50.33 and a one year high of $65.19. The company has a 50-day moving average price of $55.85 and a 200 day moving average price of $58.36.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The firm had revenue of $422.37 million during the quarter, compared to analysts’ expectations of $438.04 million. During the same period last year, the business posted $0.64 EPS. The company’s revenue was up 3.8% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the business. Ffcm LLC increased its position in Six Flags Entertainment Corporation New by 114.8% in the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after buying an additional 1,406 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Six Flags Entertainment Corporation New by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after buying an additional 225 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Six Flags Entertainment Corporation New by 6.2% during the second quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after purchasing an additional 155 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Six Flags Entertainment Corporation New during the second quarter worth about $185,000. Finally, Parametrica Management Ltd purchased a new stake in shares of Six Flags Entertainment Corporation New during the second quarter worth about $205,000. Institutional investors and hedge funds own 88.63% of the company’s stock.

In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jon L. Luther purchased 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction on Tuesday, August 29th. The stock was bought at an average price of $52.58 per share, with a total value of $157,740.00. Following the transaction, the director now owns 53,511 shares of the company’s stock, valued at $2,813,608.38. The disclosure for this purchase can be found here. Corporate insiders own 6.90% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 31st were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 29th. Six Flags Entertainment Corporation New’s payout ratio is 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)

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