B. Riley Weighs in on United Parks & Resorts Inc.’s Q1 2024 Earnings (NYSE:PRKS)

United Parks & Resorts Inc. (NYSE:PRKS) – Investment analysts at B. Riley decreased their Q1 2024 EPS estimates for United Parks & Resorts in a report issued on Thursday, April 18th. B. Riley analyst E. Wold now anticipates that the company will post earnings of ($0.35) per share for the quarter, down from their previous forecast of ($0.33). The consensus estimate for United Parks & Resorts’ current full-year earnings is $4.59 per share. B. Riley also issued estimates for United Parks & Resorts’ FY2024 earnings at $4.54 EPS.

A number of other research firms also recently issued reports on PRKS. JPMorgan Chase & Co. boosted their price target on United Parks & Resorts from $57.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Guggenheim initiated coverage on United Parks & Resorts in a research note on Thursday, April 4th. They set a “buy” rating and a $73.00 price target for the company. Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Mizuho assumed coverage on shares of United Parks & Resorts in a report on Tuesday, March 26th. They issued an “underperform” rating and a $47.00 target price for the company. Finally, Citigroup increased their target price on shares of United Parks & Resorts from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.40.

United Parks & Resorts Trading Up 2.0 %

Shares of NYSE:PRKS opened at $52.89 on Monday. United Parks & Resorts has a fifty-two week low of $40.87 and a fifty-two week high of $61.30. The stock has a 50-day simple moving average of $52.56. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 14.57 and a beta of 1.81.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.16). The firm had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $396.45 million. United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS.

Insider Activity

In other news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the transaction, the insider now directly owns 36,961 shares in the company, valued at approximately $1,991,089.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the transaction, the insider now directly owns 36,961 shares in the company, valued at approximately $1,991,089.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Byron Surrett sold 5,083 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $50.50, for a total value of $256,691.50. Following the transaction, the insider now owns 15,306 shares of the company’s stock, valued at $772,953. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,165 shares of company stock worth $420,927. 1.10% of the stock is currently owned by insiders.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.