SeaWorld Entertainment Inc (SEAS) Receives Consensus Recommendation of “Hold” from Brokerages

SeaWorld Entertainment Inc (NYSE:SEAS) has earned a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.89.

SEAS has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of SeaWorld Entertainment from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. BidaskClub raised shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 5th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, October 18th. SunTrust Banks reissued a “buy” rating and set a $16.00 target price on shares of SeaWorld Entertainment in a research report on Friday, November 10th. Finally, FBR & Co restated a “hold” rating and issued a $14.00 price target on shares of SeaWorld Entertainment in a report on Thursday, October 5th.

SeaWorld Entertainment (NYSE SEAS) opened at $13.76 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 5.04. The company has a market cap of $1,240.00, a PE ratio of -6.06 and a beta of 0.73. SeaWorld Entertainment has a 12-month low of $10.42 and a 12-month high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.14). The business had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. equities research analysts expect that SeaWorld Entertainment will post -2.27 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter valued at about $185,000. Sterling Capital Management LLC bought a new stake in shares of SeaWorld Entertainment in the 2nd quarter valued at about $214,000. OLD National Bancorp IN bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter valued at about $316,000. First Trust Advisors LP boosted its holdings in shares of SeaWorld Entertainment by 51.0% in the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock valued at $326,000 after buying an additional 8,483 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of SeaWorld Entertainment in the 3rd quarter valued at about $332,000. Institutional investors and hedge funds own 96.37% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/20/seaworld-entertainment-inc-seas-receives-consensus-recommendation-of-hold-from-brokerages.html.

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.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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.

Leave a Reply