Brokerages forecast that SeaWorld Entertainment, Inc. (NYSE:SEAS) will post $530.72 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for SeaWorld Entertainment’s earnings, with the lowest sales estimate coming in at $511.20 million and the highest estimate coming in at $558.41 million. SeaWorld Entertainment reported sales of $106.12 million during the same quarter last year, which indicates a positive year over year growth rate of 400.1%. The firm is scheduled to report its next earnings results on Thursday, November 4th.
On average, analysts expect that SeaWorld Entertainment will report full-year sales of $1.48 billion for the current year, with estimates ranging from $1.46 billion to $1.52 billion. For the next financial year, analysts expect that the firm will post sales of $1.65 billion, with estimates ranging from $1.52 billion to $1.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Thursday, August 5th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $1.22.
In related news, insider Christopher Dold sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $46.59, for a total value of $93,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in SEAS. Dimensional Fund Advisors LP lifted its position in SeaWorld Entertainment by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,330,974 shares of the company’s stock valued at $42,044,000 after acquiring an additional 33,359 shares in the last quarter. Comerica Bank acquired a new stake in SeaWorld Entertainment in the 1st quarter valued at $219,000. Commonwealth Equity Services LLC acquired a new stake in SeaWorld Entertainment in the 1st quarter valued at $225,000. Natixis Advisors L.P. increased its stake in shares of SeaWorld Entertainment by 19.8% during the 1st quarter. Natixis Advisors L.P. now owns 48,490 shares of the company’s stock worth $2,408,000 after purchasing an additional 8,019 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of SeaWorld Entertainment by 1.6% during the 1st quarter. Alliancebernstein L.P. now owns 64,600 shares of the company’s stock worth $3,209,000 after purchasing an additional 1,000 shares during the last quarter.
SEAS traded down $1.05 during midday trading on Friday, reaching $53.39. 71,314 shares of the company’s stock were exchanged, compared to its average volume of 1,049,797. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of -95.51 and a beta of 2.41. SeaWorld Entertainment has a one year low of $18.39 and a one year high of $58.26. The business has a 50-day simple moving average of $48.93 and a two-hundred day simple moving average of $50.96.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.
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