Six Flags Entertainment Corp Expected to Earn Q1 2019 Earnings of ($0.84) Per Share (SIX)

Six Flags Entertainment Corp (NYSE:SIX) – B. Riley issued their Q1 2019 earnings per share estimates for shares of Six Flags Entertainment in a research report issued to clients and investors on Thursday, March 28th, Zacks Investment Research reports. B. Riley analyst E. Wold forecasts that the company will post earnings per share of ($0.84) for the quarter. B. Riley currently has a “Buy” rating and a $57.00 target price on the stock. B. Riley also issued estimates for Six Flags Entertainment’s Q2 2019 earnings at $1.01 EPS, Q3 2019 earnings at $2.25 EPS, Q4 2019 earnings at $0.37 EPS, FY2019 earnings at $2.80 EPS, Q1 2020 earnings at ($0.83) EPS, Q2 2020 earnings at $1.10 EPS and FY2020 earnings at $3.07 EPS.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Thursday, February 14th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.65. The firm had revenue of $269.50 million for the quarter, compared to analyst estimates of $284.50 million. Six Flags Entertainment had a net margin of 18.86% and a negative return on equity of 43.77%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share.

Several other equities analysts also recently issued reports on the stock. Wells Fargo & Co raised shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Oppenheimer dropped their price target on shares of Six Flags Entertainment from $80.00 to $68.00 in a research note on Thursday, January 17th. ValuEngine downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. TheStreet downgraded shares of Six Flags Entertainment from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Six Flags Entertainment presently has an average rating of “Hold” and an average target price of $62.40.

Shares of SIX stock traded up $0.03 during trading hours on Monday, hitting $50.66. 1,046,519 shares of the company’s stock traded hands, compared to its average volume of 1,355,128. The company has a market capitalization of $4.26 billion, a P/E ratio of 15.68 and a beta of 1.13. Six Flags Entertainment has a 12 month low of $46.68 and a 12 month high of $73.38.

In related news, Director Kurt Matthew Cellar purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of $49.46 per share, with a total value of $741,900.00. Following the completion of the purchase, the director now owns 70,116 shares in the company, valued at approximately $3,467,937.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brett Petit sold 27,750 shares of Six Flags Entertainment stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $63.00, for a total transaction of $1,748,250.00. The disclosure for this sale can be found here. Insiders have sold 29,139 shares of company stock valued at $1,827,495 in the last three months. 5.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SIX. JPMorgan Chase & Co. increased its stake in Six Flags Entertainment by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 88,805 shares of the company’s stock worth $6,200,000 after acquiring an additional 18,668 shares during the last quarter. Alliancebernstein L.P. increased its stake in Six Flags Entertainment by 130.6% during the third quarter. Alliancebernstein L.P. now owns 102,414 shares of the company’s stock worth $7,151,000 after acquiring an additional 58,001 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Six Flags Entertainment by 16.6% during the third quarter. Bank of New York Mellon Corp now owns 2,020,972 shares of the company’s stock worth $141,104,000 after acquiring an additional 288,077 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Six Flags Entertainment during the third quarter worth about $289,000. Finally, Dimensional Fund Advisors LP increased its stake in Six Flags Entertainment by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 488,531 shares of the company’s stock worth $34,109,000 after acquiring an additional 1,796 shares during the last quarter. 91.25% of the stock is owned by hedge funds and other institutional investors.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Earnings History and Estimates for Six Flags Entertainment (NYSE:SIX)

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