Wall Street brokerages forecast that SeaWorld Entertainment Inc (NYSE:SEAS) will report sales of $411.31 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for SeaWorld Entertainment’s earnings. The lowest sales estimate is $406.00 million and the highest is $417.40 million. SeaWorld Entertainment reported sales of $391.92 million during the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The business is scheduled to report its next earnings report on Monday, August 5th.
On average, analysts expect that SeaWorld Entertainment will report full year sales of $1.42 billion for the current year, with estimates ranging from $1.41 billion to $1.44 billion. For the next year, analysts forecast that the company will report sales of $1.47 billion, with estimates ranging from $1.41 billion to $1.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.18. SeaWorld Entertainment had a return on equity of 31.65% and a net margin of 5.13%. The business had revenue of $220.60 million for the quarter, compared to the consensus estimate of $215.91 million. During the same period in the prior year, the business earned ($0.73) EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.
SEAS has been the topic of a number of research reports. KeyCorp set a $37.00 price target on SeaWorld Entertainment and gave the stock a “buy” rating in a research note on Friday, April 12th. B. Riley raised SeaWorld Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $34.00 in a report on Thursday, March 28th. Citigroup boosted their price objective on SeaWorld Entertainment from $21.00 to $22.00 and gave the stock a “sell” rating in a report on Tuesday, March 12th. Janney Montgomery Scott reissued a “buy” rating and set a $37.00 price objective on shares of SeaWorld Entertainment in a report on Wednesday, May 8th. Finally, Goldman Sachs Group raised SeaWorld Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $39.00 in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. SeaWorld Entertainment currently has an average rating of “Buy” and a consensus target price of $33.01.
In other news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the company’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of $26.71, for a total value of $502,945,934.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. grew its holdings in shares of SeaWorld Entertainment by 47.7% in the fourth quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock valued at $35,000 after acquiring an additional 515 shares in the last quarter. Signaturefd LLC purchased a new position in SeaWorld Entertainment in the first quarter valued at approximately $57,000. Quantamental Technologies LLC lifted its stake in SeaWorld Entertainment by 92.7% in the first quarter. Quantamental Technologies LLC now owns 2,669 shares of the company’s stock valued at $69,000 after purchasing an additional 1,284 shares during the last quarter. SG Americas Securities LLC purchased a new position in SeaWorld Entertainment in the first quarter valued at approximately $119,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in SeaWorld Entertainment by 30.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the company’s stock valued at $127,000 after purchasing an additional 1,145 shares during the last quarter. 84.86% of the stock is owned by institutional investors.
SEAS stock traded up $0.42 during trading on Thursday, reaching $32.01. 2,388,389 shares of the stock were exchanged, compared to its average volume of 1,642,412. The business’s 50 day simple moving average is $29.77. SeaWorld Entertainment has a twelve month low of $20.77 and a twelve month high of $32.73. The company has a current ratio of 0.41, a quick ratio of 0.31 and a debt-to-equity ratio of 7.15. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 3.08 and a beta of 1.06.
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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