$260.67 Million in Sales Expected for SeaWorld Entertainment Inc (SEAS) This Quarter
Brokerages expect SeaWorld Entertainment Inc (NYSE:SEAS) to post sales of $260.67 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings. The lowest sales estimate is $255.65 million and the highest is $269.99 million. SeaWorld Entertainment reported sales of $267.60 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.6%. The firm is scheduled to announce its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that SeaWorld Entertainment will report full-year sales of $260.67 million for the current year, with estimates ranging from $1.25 billion to $1.30 billion. For the next year, analysts expect that the company will post sales of $1.29 billion per share, with estimates ranging from $1.24 billion to $1.30 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.14). SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The firm had revenue of $437.70 million for the quarter, compared to the consensus estimate of $453.58 million. During the same period last year, the business earned $0.77 EPS. SeaWorld Entertainment’s revenue was down 9.8% on a year-over-year basis.
Shares of SeaWorld Entertainment (NYSE SEAS) opened at $13.70 on Thursday. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.57 and a quick ratio of 0.45. SeaWorld Entertainment has a 1 year low of $10.42 and a 1 year high of $20.13. The company has a market cap of $1,258.88, a P/E ratio of -6.04 and a beta of 0.74.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in SeaWorld Entertainment in the 3rd quarter worth $185,000. Sterling Capital Management LLC purchased a new stake in SeaWorld Entertainment in the 2nd quarter worth $214,000. OLD National Bancorp IN purchased a new stake in SeaWorld Entertainment in the 3rd quarter worth $316,000. First Trust Advisors LP lifted its stake in SeaWorld Entertainment by 51.0% in the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock worth $326,000 after purchasing an additional 8,483 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in SeaWorld Entertainment by 49.3% in the 3rd quarter. Wedge Capital Management L L P NC now owns 25,540 shares of the company’s stock worth $332,000 after purchasing an additional 8,435 shares in the last quarter. Institutional investors own 96.37% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “$260.67 Million in Sales Expected for SeaWorld Entertainment Inc (SEAS) This Quarter” was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/04/260-67-million-in-sales-expected-for-seaworld-entertainment-inc-seas-this-quarter-2.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SeaWorld Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.