News headlines about Six Flags Entertainment (NYSE:SIX) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Six Flags Entertainment earned a news impact score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5514907078046 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- BRIEF-Six Flags Entertainment Says CEO’s FY 2017 Total Compensation Was $14.7 Mln (reuters.com)
- Six Flags Entertainment Corp (SIX) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Six Flags offers job fair March 17-18, higher pay for 2018 (nj.com)
- Great Escape says $200K federal tax lien caused by clerical error – Albany Business Review (bizjournals.com)
- Six Flags Entertainment (SIX) Passes Through 5% Yield Mark – Nasdaq (nasdaq.com)
Shares of Six Flags Entertainment (NYSE SIX) traded down $0.73 during mid-day trading on Tuesday, hitting $60.48. The stock had a trading volume of 1,059,801 shares, compared to its average volume of 883,496. Six Flags Entertainment has a 12-month low of $51.25 and a 12-month high of $70.44. The firm has a market capitalization of $5,259.10, a price-to-earnings ratio of 18.84 and a beta of 1.15. The company has a quick ratio of 0.66, a current ratio of 0.74 and a debt-to-equity ratio of -4.00.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. Six Flags Entertainment had a negative return on equity of 41.55% and a net margin of 20.15%. The firm had revenue of $256.76 million for the quarter, compared to analyst estimates of $252.75 million. During the same period last year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. analysts forecast that Six Flags Entertainment will post 2.69 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 19th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.16%. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, February 15th. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 97.20%.
SIX has been the topic of a number of recent analyst reports. Zacks Investment Research cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Wedbush set a $76.00 target price on Six Flags Entertainment and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $78.00 target price (up previously from $72.00) on shares of Six Flags Entertainment in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.80.
In other news, VP Lance C. Balk sold 100,000 shares of Six Flags Entertainment stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $65.67, for a total transaction of $6,567,000.00. Following the sale, the vice president now directly owns 15,738 shares of the company’s stock, valued at $1,033,514.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Reid-Anderson sold 50,931 shares of Six Flags Entertainment stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $67.52, for a total value of $3,438,861.12. Following the completion of the transaction, the chief executive officer now directly owns 3,331,981 shares in the company, valued at $224,975,357.12. The disclosure for this sale can be found here. Insiders have sold 151,632 shares of company stock worth $10,052,457 over the last three months. Insiders own 6.90% of the company’s stock.
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Six Flags Entertainment Company Profile
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.
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