Brokerages Anticipate SeaWorld Entertainment Inc (SEAS) Will Post Quarterly Sales of $260.67 Million

Equities analysts predict that SeaWorld Entertainment Inc (NYSE:SEAS) will post sales of $260.67 million for the current quarter, according to Zacks. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings, with the highest sales estimate coming in at $269.99 million and the lowest estimate coming in at $255.65 million. SeaWorld Entertainment posted sales of $267.60 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that SeaWorld Entertainment will report full year sales of $260.67 million for the current financial year, with estimates ranging from $1.25 billion to $1.30 billion. For the next fiscal year, analysts expect that the business will report 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 sell-side research analysts that cover SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.14). SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The company had revenue of $437.70 million for the quarter, compared to analyst estimates of $453.58 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s revenue was down 9.8% on a year-over-year basis.

SEAS has been the topic of a number of research analyst reports. SunTrust Banks restated a “buy” rating and set a $16.00 price objective on shares of SeaWorld Entertainment in a report on Friday, November 10th. FBR & Co reiterated a “hold” rating and issued a $14.00 price target on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. B. Riley reiterated a “neutral” rating on shares of SeaWorld Entertainment in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of SeaWorld Entertainment from a “buy” rating to a “sell” rating in a research note on Thursday, October 19th. Finally, BidaskClub lowered shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.73.

Shares of SeaWorld Entertainment (SEAS) opened at $13.76 on Friday. SeaWorld Entertainment has a twelve month low of $10.42 and a twelve month high of $20.13. 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 $1,244.40, a price-to-earnings ratio of -6.06 and a beta of 0.74.

A number of hedge funds have recently modified their holdings of the business. HighTower Advisors LLC increased its stake in SeaWorld Entertainment by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 53,472 shares of the company’s stock valued at $867,000 after buying an additional 144 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of SeaWorld Entertainment by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock worth $857,000 after purchasing an additional 745 shares during the last quarter. Legal & General Group Plc increased its stake in shares of SeaWorld Entertainment by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 81,411 shares of the company’s stock worth $1,323,000 after purchasing an additional 1,656 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of SeaWorld Entertainment by 1.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 185,304 shares of the company’s stock worth $3,015,000 after purchasing an additional 2,500 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its stake in shares of SeaWorld Entertainment by 6.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 58,023 shares of the company’s stock worth $944,000 after purchasing an additional 3,675 shares during the last quarter. Hedge funds and other institutional investors own 96.37% of the company’s stock.

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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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