FY2024 EPS Estimates for Six Flags Entertainment Co. (NYSE:SIX) Lowered by B. Riley

Six Flags Entertainment Co. (NYSE:SIX) – Analysts at B. Riley decreased their FY2024 earnings estimates for Six Flags Entertainment in a report issued on Thursday, April 18th. B. Riley analyst E. Wold now forecasts that the company will post earnings per share of $1.70 for the year, down from their prior estimate of $1.76. B. Riley has a “Buy” rating and a $31.00 price target on the stock. The consensus estimate for Six Flags Entertainment’s current full-year earnings is $1.79 per share. B. Riley also issued estimates for Six Flags Entertainment’s FY2025 earnings at $2.21 EPS.

A number of other analysts also recently issued reports on SIX. Citigroup raised their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Truist Financial increased their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Finally, StockNews.com assumed coverage on shares of Six Flags Entertainment in a research report on Saturday, April 13th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Six Flags Entertainment presently has an average rating of “Hold” and an average price target of $28.31.

Six Flags Entertainment Stock Performance

NYSE SIX opened at $23.45 on Friday. Six Flags Entertainment has a 52-week low of $18.29 and a 52-week high of $28.99. The company has a 50-day simple moving average of $25.23 and a 200 day simple moving average of $24.17. The company has a market capitalization of $1.97 billion, a PE ratio of 50.98 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The company had revenue of $292.55 million for the quarter, compared to analysts’ expectations of $298.42 million.

Hedge Funds Weigh In On Six Flags Entertainment

Large investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in Six Flags Entertainment by 16.1% in the 2nd quarter. BlackRock Inc. now owns 11,623,211 shares of the company’s stock worth $301,971,000 after buying an additional 1,613,144 shares in the last quarter. Vanguard Group Inc. grew its position in Six Flags Entertainment by 6.3% in the first quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock worth $354,841,000 after acquiring an additional 483,965 shares in the last quarter. Rush Island Management LP grew its position in Six Flags Entertainment by 23.9% in the third quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after acquiring an additional 668,986 shares in the last quarter. Cooper Creek Partners Management LLC grew its position in Six Flags Entertainment by 73.1% in the third quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock worth $77,280,000 after acquiring an additional 1,387,734 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Six Flags Entertainment by 12.6% in the first quarter. Wellington Management Group LLP now owns 3,244,963 shares of the company’s stock worth $141,156,000 after acquiring an additional 362,407 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.