Six Flags Entertainment Corporation New (NYSE:SIX) – FBR & Co reduced their Q4 2017 earnings per share (EPS) estimates for Six Flags Entertainment Corporation New in a research note issued on Tuesday. FBR & Co analyst B. Crockett now forecasts that the company will post earnings of $0.13 per share for the quarter, down from their prior estimate of $0.15. FBR & Co currently has a “Buy” rating and a $65.00 target price on the stock.

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 analysts’ consensus estimates of $0.70 by ($0.11). The firm had revenue of $422.37 million during the quarter, compared to analysts’ expectations of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS.

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Several other analysts have also weighed in on SIX. Wedbush lowered their target price on Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, June 8th. Zacks Investment Research lowered Six Flags Entertainment Corporation New from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and issued a $73.00 target price on shares of Six Flags Entertainment Corporation New in a report on Friday, July 14th. Finally, William Blair started coverage on Six Flags Entertainment Corporation New in a report on Friday, July 21st. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $66.70.

Six Flags Entertainment Corporation New (NYSE 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 firm has a 50-day moving average price of $55.85 and a 200-day moving average price of $58.36.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 31st were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 29th. Six Flags Entertainment Corporation New’s payout ratio is currently 239.25%.

In other Six Flags Entertainment Corporation New news, Director Jon L. Luther bought 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the transaction, the director now owns 53,511 shares of the company’s stock, valued at approximately $2,813,608.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance C. Balk sold 48,998 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ffcm LLC lifted its position in Six Flags Entertainment Corporation New by 114.8% during 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Six Flags Entertainment Corporation New by 9.3% during 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 during the period. State of Alaska Department of Revenue lifted its position in 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 buying an additional 155 shares during the period. First Mercantile Trust Co. purchased a new position in Six Flags Entertainment Corporation New during the second quarter worth about $185,000. Finally, Parametrica Management Ltd purchased a new position in Six Flags Entertainment Corporation New during the second quarter worth about $205,000. Hedge funds and other institutional investors own 88.63% of the company’s stock.

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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