Six Flags Entertainment Corporation New (NYSE:SIX) – Research analysts at Wedbush reduced their Q4 2017 earnings per share estimates for shares of Six Flags Entertainment Corporation New in a report released on Wednesday. Wedbush analyst J. Hardiman now expects that the company will earn $0.05 per share for the quarter, down from their previous forecast of $0.07. Wedbush currently has a “Outperform” rating and a $70.00 price target on the stock.

SIX has been the topic of several other reports. Hilliard Lyons raised shares of Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Wednesday, August 30th. KeyCorp started coverage on shares of Six Flags Entertainment Corporation New in a research note on Wednesday, August 30th. They set an “overweight” rating and a $59.00 price objective for the company. Macquarie downgraded shares of Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Six Flags Entertainment Corporation New from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $66.70.

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Six Flags Entertainment Corporation New (NYSE:SIX) opened at 61.04 on Friday. The company has a market capitalization of $5.22 billion, a PE ratio of 56.73 and a beta of 1.16. Six Flags Entertainment Corporation New has a 52-week low of $50.33 and a 52-week high of $65.19. The company has a 50-day moving average price of $56.05 and a 200 day moving average price of $58.38.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.64 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.56 annualized dividend and a dividend yield of 4.18%. Six Flags Entertainment Corporation New’s payout ratio is currently 239.25%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SIX. 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 valued at $157,000 after purchasing an additional 225 shares during the period. 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 valued at $157,000 after purchasing an additional 1,406 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 valued at $159,000 after purchasing an additional 155 shares during the period. First Mercantile Trust Co. acquired a new position in Six Flags Entertainment Corporation New during the second quarter valued at $185,000. Finally, Parametrica Management Ltd acquired a new position in Six Flags Entertainment Corporation New during the second quarter valued at $205,000. Institutional investors own 88.63% of the company’s stock.

About Six Flags Entertainment Corporation New

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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