SeaWorld Entertainment Inc (SEAS) Expected to Announce Quarterly Sales of $260.67 Million

Wall Street analysts expect that SeaWorld Entertainment Inc (NYSE:SEAS) will report sales of $260.67 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for SeaWorld Entertainment’s earnings, with the lowest sales estimate coming in at $255.65 million and the highest estimate coming in at $269.99 million. SeaWorld Entertainment posted sales of $267.60 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, February 27th.

On average, analysts expect that SeaWorld Entertainment will report full year sales of $260.67 million for the current fiscal year, with estimates ranging from $1.25 billion to $1.30 billion. For the next year, analysts anticipate that the company will post sales of $1.29 billion per share, with estimates ranging from $1.24 billion to $1.30 billion. Zacks’ sales averages are an average based on a survey of research firms that cover SeaWorld Entertainment.

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

SEAS has been the subject of several analyst reports. Stifel Nicolaus cut their price objective on shares of SeaWorld Entertainment from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, October 18th. SunTrust Banks reaffirmed a “buy” rating and issued a $16.00 price objective on shares of SeaWorld Entertainment in a report on Friday, November 10th. B. Riley reaffirmed a “hold” rating and issued a $14.00 price objective on shares of SeaWorld Entertainment in a report on Friday, December 8th. Finally, BidaskClub downgraded shares of SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. SeaWorld Entertainment presently has a consensus rating of “Hold” and a consensus price target of $15.73.

SeaWorld Entertainment (NYSE SEAS) opened at $15.08 on Wednesday. The company has a market cap of $1,340.27, a P/E ratio of -6.64 and a beta of 0.84. SeaWorld Entertainment has a fifty-two week low of $10.42 and a fifty-two week high of $20.13. The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 5.04.

A number of large investors have recently made changes to their positions in SEAS. Sterling Capital Management LLC raised its position in shares of SeaWorld Entertainment by 22,754.8% during the 3rd quarter. Sterling Capital Management LLC now owns 3,000,835 shares of the company’s stock valued at $38,980,000 after buying an additional 2,987,705 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of SeaWorld Entertainment by 2,066.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,416,023 shares of the company’s stock valued at $31,384,000 after buying an additional 2,304,523 shares in the last quarter. Hill Path Capital LP raised its position in shares of SeaWorld Entertainment by 12.9% during the 3rd quarter. Hill Path Capital LP now owns 13,581,406 shares of the company’s stock valued at $176,422,000 after buying an additional 1,556,869 shares in the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of SeaWorld Entertainment during the 3rd quarter valued at $9,764,000. Finally, ING Groep NV purchased a new stake in shares of SeaWorld Entertainment during the 3rd quarter valued at $6,495,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

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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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