Equities analysts expect that Cedar Fair, L.P. (NYSE:FUN) will report $225.69 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Cedar Fair’s earnings, with the lowest sales estimate coming in at $216.80 million and the highest estimate coming in at $237.00 million. Cedar Fair posted sales of $191.97 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 14th.
On average, analysts expect that Cedar Fair will report full year sales of $225.69 million for the current fiscal year, with estimates ranging from $1.31 billion to $1.33 billion. For the next financial year, analysts expect that the company will report sales of $1.39 billion per share, with estimates ranging from $1.38 billion to $1.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Cedar Fair.
Cedar Fair (NYSE:FUN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $3.38 EPS for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). Cedar Fair had a net margin of 11.75% and a return on equity of 2,430.22%. The company had revenue of $652.69 million for the quarter, compared to analyst estimates of $652.98 million. During the same quarter in the prior year, the business earned $3.10 EPS. Cedar Fair’s revenue was up .4% compared to the same quarter last year.
In other Cedar Fair news, CEO Matthew A. Ouimet sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $67.91, for a total value of $407,460.00. Following the completion of the sale, the chief executive officer now owns 215,353 shares of the company’s stock, valued at $14,624,622.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew A. Ouimet sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $64.69, for a total transaction of $129,380.00. Following the completion of the sale, the insider now directly owns 243,057 shares of the company’s stock, valued at approximately $15,723,357.33. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $802,440 over the last quarter. 2.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mondrian Investment Partners LTD boosted its holdings in Cedar Fair by 20.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 68,829 shares of the company’s stock worth $4,473,000 after purchasing an additional 11,550 shares during the last quarter. Bank of Montreal Can lifted its stake in Cedar Fair by 31.3% in the fourth quarter. Bank of Montreal Can now owns 75,439 shares of the company’s stock valued at $4,902,000 after acquiring an additional 18,000 shares during the last quarter. Aurora Investment Counsel bought a new position in shares of Cedar Fair in the fourth quarter valued at about $2,523,000. GSA Capital Partners LLP raised its position in shares of Cedar Fair by 100.1% in the third quarter. GSA Capital Partners LLP now owns 37,999 shares of the company’s stock valued at $2,436,000 after purchasing an additional 19,011 shares during the period. Finally, Belpointe Asset Management LLC bought a new position in shares of Cedar Fair in the third quarter valued at about $452,000. Institutional investors and hedge funds own 49.97% of the company’s stock.
Cedar Fair (NYSE:FUN) opened at $65.93 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.06 and a debt-to-equity ratio of 22.05. The company has a market cap of $3,710.00, a P/E ratio of 24.79, a P/E/G ratio of 3.25 and a beta of 0.52. Cedar Fair has a 12 month low of $59.66 and a 12 month high of $72.56.
About Cedar Fair
Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.
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