Wall Street analysts expect that SeaWorld Entertainment Inc (NYSE:SEAS) will announce earnings of ($1.02) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for SeaWorld Entertainment’s earnings, with the highest EPS estimate coming in at ($0.73) and the lowest estimate coming in at ($1.40). SeaWorld Entertainment reported earnings of $0.64 per share during the same quarter last year, which indicates a negative year over year growth rate of 259.4%. The business is scheduled to announce its next earnings results on Tuesday, August 4th.
On average, analysts expect that SeaWorld Entertainment will report full-year earnings of ($1.60) per share for the current financial year, with EPS estimates ranging from ($3.05) to $1.58. For the next financial year, analysts forecast that the company will report earnings of $0.40 per share, with EPS estimates ranging from ($0.39) to $2.04. Zacks’ EPS averages are an average based on a survey of analysts that cover SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Friday, May 8th. The company reported ($0.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.09). The company had revenue of $153.60 million for the quarter, compared to analysts’ expectations of $152.91 million. SeaWorld Entertainment had a net margin of 5.26% and a return on equity of 58.02%. The firm’s quarterly revenue was down 30.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.44) EPS.
A number of analysts recently weighed in on the company. B. Riley dropped their target price on SeaWorld Entertainment from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Credit Suisse Group initiated coverage on SeaWorld Entertainment in a research note on Thursday, May 21st. They set a “neutral” rating and a $13.00 target price on the stock. KeyCorp reduced their target price on SeaWorld Entertainment from $25.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. SunTrust Banks reduced their target price on SeaWorld Entertainment from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Zacks Investment Research cut SeaWorld Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.60.
Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of SeaWorld Entertainment by 131.3% during the fourth quarter. Bank of America Corp DE now owns 1,349,117 shares of the company’s stock valued at $42,780,000 after purchasing an additional 765,852 shares in the last quarter. Bank of Montreal Can lifted its holdings in SeaWorld Entertainment by 37.4% in the fourth quarter. Bank of Montreal Can now owns 6,653 shares of the company’s stock valued at $211,000 after acquiring an additional 1,812 shares during the period. Envestnet Asset Management Inc. lifted its holdings in SeaWorld Entertainment by 132.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 39,711 shares of the company’s stock valued at $1,259,000 after acquiring an additional 22,625 shares during the period. Norges Bank bought a new position in SeaWorld Entertainment in the fourth quarter valued at about $22,499,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in SeaWorld Entertainment by 107.7% in the first quarter. BNP Paribas Arbitrage SA now owns 25,729 shares of the company’s stock valued at $284,000 after acquiring an additional 13,342 shares during the period.
Shares of SEAS opened at $14.79 on Wednesday. The stock has a 50-day moving average price of $16.63 and a 200-day moving average price of $22.46. The company has a market cap of $1.16 billion, a PE ratio of 17.40 and a beta of 2.16. SeaWorld Entertainment has a 12-month low of $6.75 and a 12-month high of $36.96. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 14.06.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.
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