Six Flags Entertainment Corporation New Forecasted to Earn Q4 2017 Earnings of $0.12 Per Share (SIX)

Six Flags Entertainment Corporation New (NYSE:SIX) – Oppenheimer Holdings boosted their Q4 2017 EPS estimates for shares of Six Flags Entertainment Corporation New in a research note issued to investors on Monday. Oppenheimer Holdings analyst I. Zaffino now forecasts that the company will earn $0.12 per share for the quarter, up from their previous estimate of $0.10.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.11). The firm had revenue of $422.37 million for the quarter, compared to analyst estimates of $438.04 million. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. Six Flags Entertainment Corporation New’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

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Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $72.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Thursday. FBR & Co reaffirmed a “buy” rating and set a $65.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Monday, September 25th. KeyCorp assumed coverage on Six Flags Entertainment Corporation New in a research report on Wednesday, August 30th. They set an “overweight” rating and a $59.00 target price for the company. Hilliard Lyons raised Six Flags Entertainment Corporation New from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, August 30th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $66.60.

Shares of Six Flags Entertainment Corporation New (NYSE SIX) traded up 0.970% during trading on Wednesday, reaching $61.965. 104,007 shares of the company were exchanged. Six Flags Entertainment Corporation New has a one year low of $50.52 and a one year high of $65.19. The company has a market capitalization of $5.30 billion, a PE ratio of 57.588 and a beta of 1.16. The firm’s 50 day moving average price is $57.12 and its 200 day moving average price is $58.48.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Six Flags Entertainment Corporation New by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,163,474 shares of the company’s stock valued at $367,404,000 after acquiring an additional 226,884 shares during the last quarter. BlackRock Inc. boosted its position in shares of Six Flags Entertainment Corporation New by 6.9% during the 2nd quarter. BlackRock Inc. now owns 3,526,508 shares of the company’s stock valued at $210,217,000 after acquiring an additional 228,249 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Six Flags Entertainment Corporation New by 985.4% during the 2nd quarter. Janus Henderson Group PLC now owns 3,393,204 shares of the company’s stock valued at $202,268,000 after acquiring an additional 3,080,574 shares during the last quarter. CI Investments Inc. boosted its position in shares of Six Flags Entertainment Corporation New by 0.3% during the 2nd quarter. CI Investments Inc. now owns 2,618,175 shares of the company’s stock valued at $156,069,000 after acquiring an additional 8,100 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of Six Flags Entertainment Corporation New by 57.7% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,546,615 shares of the company’s stock valued at $92,194,000 after acquiring an additional 565,993 shares during the last quarter. Hedge funds and other institutional investors own 88.63% of the company’s stock.

In other news, VP Lance C. Balk sold 48,998 shares of Six Flags Entertainment Corporation New stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total transaction of $2,797,785.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jon L. Luther purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $52.58 per share, with a total value of $157,740.00. Following the transaction, the director now owns 53,511 shares in the company, valued at approximately $2,813,608.38. The disclosure for this purchase can be found here. 6.90% of the stock is owned by insiders.

About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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

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