$254.41 Million in Sales Expected for Six Flags Entertainment Corp (SIX) This Quarter
Wall Street brokerages predict 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 the highest sales estimate coming in at $268.00 million and the lowest estimate coming in at $247.00 million. Six Flags Entertainment posted sales of $239.31 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 20th.
According to Zacks, 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 year, analysts expect that the firm will report sales of $1.45 billion per share, with estimates ranging from $1.42 billion to $1.47 billion. Zacks’ sales calculations are a mean average based on a survey of 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.31. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The firm had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same period in the previous year, the company earned $1.09 earnings per share. Six Flags Entertainment’s quarterly revenue was up 4.1% compared to the same quarter last year.
Shares of Six Flags Entertainment (NYSE SIX) traded up $0.79 during trading hours on Tuesday, hitting $67.97. 743,000 shares of the stock were exchanged, compared to its average volume of 739,700. Six Flags Entertainment has a 1-year low of $51.25 and a 1-year high of $68.07. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53. The stock has a market capitalization of $5,640.00, a PE ratio of 32.52, a price-to-earnings-growth ratio of 3.71 and a beta of 1.18.
In other Six Flags Entertainment news, CEO James Reid-Anderson sold 41,008 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $65.06, for a total transaction of $2,667,980.48. Following the transaction, the chief executive officer now owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 281,139 shares of company stock worth $18,706,366 in the last three months. Insiders own 6.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in Six Flags Entertainment by 985.4% during the 2nd quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock valued at $202,268,000 after purchasing an additional 3,080,574 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Six Flags Entertainment by 75.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,411,729 shares of the company’s stock worth $86,030,000 after acquiring an additional 605,027 shares in the last quarter. Davidson Kempner Capital Management LP grew its holdings in Six Flags Entertainment by 438.3% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock worth $44,125,000 after acquiring an additional 602,723 shares in the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new position in Six Flags Entertainment during the 2nd quarter worth $35,168,000. Finally, Bessemer Group Inc. grew its holdings in Six Flags Entertainment by 39.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,815,344 shares of the company’s stock worth $110,626,000 after acquiring an additional 516,125 shares in the last quarter. 99.45% of the stock is owned by institutional investors.
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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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