-$0.18 Earnings Per Share Expected for SeaWorld Entertainment Inc (SEAS) This Quarter
Wall Street brokerages expect that SeaWorld Entertainment Inc (NYSE:SEAS) will post earnings per share (EPS) of ($0.18) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings, with estimates ranging from ($0.22) to ($0.10). SeaWorld Entertainment posted earnings of ($0.14) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.6%. The business is expected to issue its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that SeaWorld Entertainment will report full year earnings of ($2.27) per share for the current fiscal year, with EPS estimates ranging from ($2.33) to ($2.07). For the next year, analysts anticipate that the business will report earnings of $0.29 per share, with EPS estimates ranging from $0.15 to $0.49. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.14). The business had revenue of $437.70 million for the quarter, compared to the consensus estimate of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. SeaWorld Entertainment’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS.
A number of hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC grew its holdings in SeaWorld Entertainment by 0.3% during the second quarter. HighTower Advisors LLC now owns 53,472 shares of the company’s stock valued at $867,000 after purchasing an additional 144 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in SeaWorld Entertainment by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock valued at $857,000 after purchasing an additional 745 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in SeaWorld Entertainment by 3.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock valued at $428,000 after purchasing an additional 770 shares during the last quarter. Legal & General Group Plc grew its holdings in SeaWorld Entertainment by 2.1% during the second quarter. Legal & General Group Plc now owns 81,411 shares of the company’s stock valued at $1,323,000 after purchasing an additional 1,656 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in SeaWorld Entertainment by 1.4% during the second quarter. TIAA CREF Investment Management LLC now owns 185,304 shares of the company’s stock valued at $3,015,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 96.37% of the company’s stock.
Shares of SeaWorld Entertainment (NYSE SEAS) traded up $0.18 on Friday, reaching $13.25. 3,167,640 shares of the company traded hands, compared to its average volume of 2,277,983. The company has a market capitalization of $1,182.00, a price-to-earnings ratio of 14.05 and a beta of 0.74. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.45 and a current ratio of 0.57. SeaWorld Entertainment has a 52-week low of $10.42 and a 52-week high of $20.13.
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SeaWorld Entertainment Company Profile
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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