SeaWorld Entertainment, Inc. (SEAS) Set to Announce Quarterly Earnings on Monday
SeaWorld Entertainment, Inc. (NYSE:SEAS) is scheduled to announce its earnings results before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a positive return on equity of 23.32% and a negative net margin of 13.95%. The company had revenue of $373.80 million for the quarter, compared to analysts’ expectations of $395.24 million. During the same period last year, the firm earned $0.21 earnings per share. SeaWorld Entertainment’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts expect SeaWorld Entertainment to post $-2.08 EPS for the current fiscal year and $0.42 EPS for the next fiscal year.
Shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) opened at 11.84 on Monday. SeaWorld Entertainment, Inc. has a 1-year low of $11.10 and a 1-year high of $20.13. The firm has a 50-day moving average price of $12.75 and a 200-day moving average price of $14.97. The firm’s market capitalization is $1.02 billion.
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A number of equities analysts have weighed in on SEAS shares. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, July 14th. BidaskClub lowered shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. FBR & Co restated a “hold” rating and issued a $14.00 target price on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. B. Riley restated a “market perform” rating and issued a $15.00 target price on shares of SeaWorld Entertainment in a research note on Thursday, August 3rd. Finally, Citigroup Inc. upgraded shares of SeaWorld Entertainment from a “sell” rating to a “neutral” rating and set a $15.00 target price on the stock in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.45.
In other SeaWorld Entertainment news, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average price of $13.31 per share, for a total transaction of $5,562,808.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $13.21 per share, for a total transaction of $4,235,482.67. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,472,969 shares of company stock worth $19,324,419. 3.40% of the stock is owned by company insiders.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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