Wall Street analysts expect that Six Flags Entertainment Corp (NYSE:SIX) will post sales of $254.41 million for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Six Flags Entertainment’s earnings, with estimates ranging from $247.00 million to $268.00 million. Six Flags Entertainment reported sales of $239.31 million in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The business is expected to report its next earnings results on Wednesday, February 28th.
On average, analysts expect that Six Flags Entertainment will report full-year sales of $254.41 million for the current year, with estimates ranging from $1.35 billion to $1.37 billion. For the next financial year, analysts anticipate that the business will report sales of $1.45 billion per share, with estimates ranging from $1.42 billion to $1.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Six Flags Entertainment.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. The firm had revenue of $580.40 million for the quarter, compared to analyst estimates of $583.59 million. During the same quarter last year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis.
Six Flags Entertainment (NYSE SIX) opened at $65.50 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of -3.53. The firm has a market capitalization of $5,560.86, a P/E ratio of 31.76, a P/E/G ratio of 3.89 and a beta of 1.17. Six Flags Entertainment has a 12-month low of $51.25 and a 12-month high of $66.64.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.70 per share. This is an increase from Six Flags Entertainment’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.80 annualized dividend and a yield of 4.27%. Six Flags Entertainment’s dividend payout ratio is 133.97%.
In other Six Flags Entertainment news, Chairman James Reid-Anderson sold 78,614 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $66.32, for a total transaction of $5,213,680.48. Following the sale, the chairman now owns 3,520,146 shares in the company, valued at approximately $233,456,082.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 187,464 shares of company stock worth $12,379,790. 6.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. TD Asset Management Inc. raised its position in Six Flags Entertainment by 0.4% in the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after purchasing an additional 59 shares during the period. Teacher Retirement System of Texas lifted its position in Six Flags Entertainment by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock worth $347,000 after purchasing an additional 80 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Six Flags Entertainment 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 purchasing an additional 225 shares during the period. Mariner Wealth Advisors LLC lifted its position in Six Flags Entertainment by 6.0% in the second quarter. Mariner Wealth Advisors LLC now owns 5,245 shares of the company’s stock worth $313,000 after purchasing an additional 298 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Six Flags Entertainment by 6.8% in the second quarter. Prudential Financial Inc. now owns 4,690 shares of the company’s stock valued at $280,000 after buying an additional 300 shares in the last quarter. Institutional investors own 99.45% of the company’s stock.
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About Six Flags Entertainment
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.
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