Six Flags Entertainment Corporation New (NYSE:SIX) – Research analysts at William Blair cut their Q4 2017 earnings estimates for shares of Six Flags Entertainment Corporation New in a note issued to investors on Tuesday. William Blair analyst R. Sundby now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.20. William Blair currently has a “Outperform” rating on the stock.

SIX has been the subject of several other research reports. Hilliard Lyons raised Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, August 30th. KeyCorp initiated coverage on Six Flags Entertainment Corporation New in a research report on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 target price for the company. Macquarie lowered Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 27th. BidaskClub lowered Six Flags Entertainment Corporation New from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $66.60.

COPYRIGHT VIOLATION NOTICE: “Six Flags Entertainment Corporation New (SIX) Forecasted to Post Q4 2017 Earnings of $0.12 Per Share” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/13/six-flags-entertainment-corporation-new-six-forecasted-to-post-q4-2017-earnings-of-0-12-per-share.html. Six Flags Entertainment Corporation New (NYSE:SIX) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.11). The firm had revenue of $422.37 million for 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 company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS.

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Six Flags Entertainment Corporation New by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after purchasing an additional 225 shares in the last quarter. Ffcm LLC increased its holdings in shares of Six Flags Entertainment Corporation New by 114.8% in the 2nd quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after purchasing an additional 1,406 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Six Flags Entertainment Corporation New by 6.2% in the 2nd 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. bought a new stake in shares of Six Flags Entertainment Corporation New in the 2nd quarter worth $185,000. Finally, Parametrica Management Ltd bought a new stake in shares of Six Flags Entertainment Corporation New in the 2nd quarter worth $205,000. 88.63% of the stock is owned by institutional investors and hedge funds.

In related news, Director Jon L. Luther acquired 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred 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 directly owns 53,511 shares in the company, valued at $2,813,608.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance C. Balk sold 48,998 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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. 6.90% of the stock is owned by company insiders.

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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