Wall Street analysts expect that SeaWorld Entertainment Inc (NYSE:SEAS) will report sales of $411.31 million for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings, with the lowest sales estimate coming in at $406.00 million and the highest estimate coming in at $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 firm is scheduled to issue its next earnings results on Monday, August 5th.
According to Zacks, analysts expect that SeaWorld Entertainment will report full-year sales of $1.42 billion for the current fiscal year, with estimates ranging from $1.41 billion to $1.44 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.47 billion, with estimates ranging from $1.43 billion to $1.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.18. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The company had revenue of $220.60 million during the quarter, compared to analyst estimates of $215.91 million. During the same period last year, the firm posted ($0.73) EPS. SeaWorld Entertainment’s revenue for the quarter was up 1.6% compared to the same quarter last year.
SEAS has been the subject of several recent research reports. B. Riley set a $36.00 target price on shares of SeaWorld Entertainment and gave the company a “buy” rating in a report on Tuesday, May 28th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $37.00 target price on shares of SeaWorld Entertainment in a report on Wednesday, May 8th. Wedbush lifted their target price on shares of SeaWorld Entertainment from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, May 10th. Finally, KeyCorp boosted their price target on shares of SeaWorld Entertainment from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. SeaWorld Entertainment has an average rating of “Buy” and an average target price of $32.41.
In related news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the business’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of $26.71, for a total value of $502,945,934.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its stake in SeaWorld Entertainment by 47.7% during the 4th quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock worth $35,000 after purchasing an additional 515 shares during the last quarter. Penn Capital Management Co. Inc. boosted its stake in SeaWorld Entertainment by 0.3% during the 1st quarter. Penn Capital Management Co. Inc. now owns 367,675 shares of the company’s stock worth $9,471,000 after purchasing an additional 967 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in SeaWorld Entertainment by 30.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the company’s stock worth $127,000 after purchasing an additional 1,145 shares during the last quarter. Principal Financial Group Inc. boosted its stake in SeaWorld Entertainment by 15.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,207 shares of the company’s stock worth $203,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Quantamental Technologies LLC boosted its stake in SeaWorld Entertainment by 92.7% during the 1st quarter. Quantamental Technologies LLC now owns 2,669 shares of the company’s stock worth $69,000 after purchasing an additional 1,284 shares during the last quarter. 84.89% of the stock is currently owned by institutional investors.
SEAS traded down $0.03 during trading on Tuesday, reaching $30.14. 55,253 shares of the company’s stock were exchanged, compared to its average volume of 2,049,930. SeaWorld Entertainment has a 1 year low of $20.47 and a 1 year 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 $2.49 billion, a PE ratio of 29.49, a P/E/G ratio of 2.96 and a beta of 1.14.
SeaWorld Entertainment Company Profile
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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