Six Flags Entertainment Corp (NYSE:SIX) – Equities researchers at B. Riley lifted their FY2018 earnings per share estimates for shares of Six Flags Entertainment in a note issued to investors on Tuesday. B. Riley analyst B. Crockett now expects that the company will post earnings per share of $2.93 for the year, up from their previous forecast of $2.37. B. Riley has a “Buy” rating on the stock.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $580.40 million during the quarter, compared to analyst estimates of $583.59 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. Six Flags Entertainment’s revenue was up 4.1% compared to the same quarter last year.

SIX has been the subject of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Six Flags Entertainment in a report on Thursday, October 12th. Zacks Investment Research lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Friday, January 5th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, October 25th. TheStreet raised Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Finally, Wedbush set a $76.00 price objective on Six Flags Entertainment and gave the stock a “buy” rating in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Six Flags Entertainment currently has an average rating of “Hold” and a consensus price target of $67.44.

Shares of Six Flags Entertainment (SIX) traded up $0.32 on Thursday, hitting $67.29. The company had a trading volume of 460,700 shares, compared to its average volume of 724,027. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53. Six Flags Entertainment has a one year low of $51.25 and a one year high of $69.00. The company has a market capitalization of $5,611.13, a price-to-earnings ratio of 32.20, a P/E/G ratio of 3.65 and a beta of 1.17.

A number of large investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. lifted its position 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 acquiring an additional 300 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Six Flags Entertainment in the second quarter valued at about $255,000. Alliancebernstein L.P. lifted its position in shares of Six Flags Entertainment by 2.3% in the second quarter. Alliancebernstein L.P. now owns 94,059 shares of the company’s stock valued at $5,607,000 after acquiring an additional 2,086 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Six Flags Entertainment by 5.4% in the second quarter. Teachers Advisors LLC now owns 136,543 shares of the company’s stock valued at $8,139,000 after acquiring an additional 6,986 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of Six Flags Entertainment by 7.7% in the second quarter. Nationwide Fund Advisors now owns 131,650 shares of the company’s stock valued at $7,848,000 after acquiring an additional 9,400 shares in the last quarter. 99.45% of the stock is owned by institutional investors and hedge funds.

In other Six Flags Entertainment news, Chairman James Reid-Anderson sold 78,614 shares of the business’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 completion of the sale, the chairman now owns 3,520,146 shares of the company’s stock, valued at $233,456,082.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 281,139 shares of company stock valued at $18,706,366 in the last three months. 6.90% of the stock is currently owned by corporate insiders.

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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.

Earnings History and Estimates for Six Flags Entertainment (NYSE:SIX)

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