Zacks: Brokerages Expect Six Flags Entertainment Corp (SIX) to Post $1.00 Earnings Per Share

Wall Street analysts expect that Six Flags Entertainment Corp (NYSE:SIX) will report earnings of $1.00 per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Six Flags Entertainment’s earnings, with estimates ranging from $0.91 to $1.10. Six Flags Entertainment posted earnings of $0.88 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The business is expected to report its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that Six Flags Entertainment will report full year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $3.00. For the next financial year, analysts forecast that the business will report earnings of $3.04 per share, with EPS estimates ranging from $2.60 to $3.36. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Six Flags Entertainment.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.82) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.86) by $0.04. Six Flags Entertainment had a net margin of 18.40% and a negative return on equity of 41.58%. The firm had revenue of $128.19 million during the quarter, compared to the consensus estimate of $123.63 million. During the same quarter last year, the firm earned ($0.74) EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year.

A number of research analysts recently commented on SIX shares. Oppenheimer lowered their price target on shares of Six Flags Entertainment from $80.00 to $68.00 in a report on Thursday, January 17th. B. Riley reiterated a “buy” rating and issued a $57.00 target price (down previously from $72.00) on shares of Six Flags Entertainment in a research report on Thursday, March 28th. TheStreet lowered shares of Six Flags Entertainment from a “b-” rating to a “c+” rating in a research report on Thursday, March 7th. ValuEngine upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating and set a $62.00 target price on the stock in a research report on Saturday, February 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.00.

Shares of NYSE:SIX traded down $0.36 during trading on Friday, reaching $53.49. The company’s stock had a trading volume of 45,613 shares, compared to its average volume of 1,142,710. Six Flags Entertainment has a 12 month low of $46.68 and a 12 month high of $73.38. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.72 and a beta of 1.15.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 30th will be given a $0.82 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $3.28 annualized dividend and a dividend yield of 6.13%. Six Flags Entertainment’s dividend payout ratio (DPR) is 101.55%.

In other Six Flags Entertainment news, Director Kurt Matthew Cellar purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average cost of $49.46 per share, for a total transaction of $741,900.00. Following the completion of the transaction, the director now owns 70,116 shares of the company’s stock, valued at approximately $3,467,937.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marshall Barber sold 1,275 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $56.48, for a total transaction of $72,012.00. Following the transaction, the chief financial officer now owns 82,722 shares in the company, valued at $4,672,138.56. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Six Flags Entertainment by 1.7% during the first quarter. BlackRock Inc. now owns 6,522,365 shares of the company’s stock worth $321,881,000 after acquiring an additional 111,432 shares during the last quarter. Janus Henderson Group PLC boosted its position in Six Flags Entertainment by 0.8% during the first quarter. Janus Henderson Group PLC now owns 4,565,393 shares of the company’s stock worth $225,302,000 after acquiring an additional 36,096 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Six Flags Entertainment by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,085,399 shares of the company’s stock worth $116,011,000 after acquiring an additional 64,427 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Six Flags Entertainment by 5,463.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,564,983 shares of the company’s stock worth $28,000 after acquiring an additional 1,536,851 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in Six Flags Entertainment by 46.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,245,793 shares of the company’s stock worth $69,303,000 after acquiring an additional 395,724 shares during the last quarter. Hedge funds and other institutional investors own 89.72% of the company’s stock.

Six Flags Entertainment Company Profile

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.

Recommended Story: How Do Investors Open a Backdoor Roth IRA?

Get a free copy of the Zacks research report on Six Flags Entertainment (SIX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Six Flags Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.