Jefferies Financial Group Analysts Decrease Earnings Estimates for Six Flags Entertainment Co. (NYSE:SIX)

Six Flags Entertainment Co. (NYSE:SIX) – Equities research analysts at Jefferies Financial Group cut their Q2 2021 EPS estimates for shares of Six Flags Entertainment in a research note issued to investors on Wednesday, April 28th. Jefferies Financial Group analyst D. Katz now forecasts that the company will earn ($1.17) per share for the quarter, down from their prior estimate of ($0.94). Jefferies Financial Group currently has a “Buy” rating and a $59.00 target price on the stock. Jefferies Financial Group also issued estimates for Six Flags Entertainment’s Q3 2021 earnings at $1.18 EPS, FY2021 earnings at ($1.09) EPS, Q1 2022 earnings at ($0.97) EPS, Q2 2022 earnings at $1.12 EPS and Q4 2022 earnings at $0.20 EPS.

SIX has been the topic of several other reports. Macquarie boosted their target price on Six Flags Entertainment from $51.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. Wedbush boosted their target price on Six Flags Entertainment from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, March 12th. Truist boosted their target price on Six Flags Entertainment from $42.00 to $46.00 in a research note on Thursday, April 29th. B. Riley boosted their target price on Six Flags Entertainment from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, April 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 9th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.42.

SIX opened at $44.29 on Monday. Six Flags Entertainment has a 12 month low of $16.06 and a 12 month high of $51.75. The stock has a fifty day moving average price of $47.68 and a 200-day moving average price of $37.64. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -10.75 and a beta of 2.45.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Tuesday, April 27th. The company reported ($1.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.29) by $0.17. The company had revenue of $82.00 million during the quarter, compared to the consensus estimate of $48.03 million. The company’s revenue was down 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.00) earnings per share.

In other news, Director Kurt Matthew Cellar sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $50.10, for a total value of $676,350.00. Following the completion of the sale, the director now directly owns 68,003 shares in the company, valued at $3,406,950.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Six Flags Entertainment in the fourth quarter valued at approximately $1,898,000. Capital Wealth Alliance LLC purchased a new stake in shares of Six Flags Entertainment in the fourth quarter valued at approximately $305,000. Louisiana State Employees Retirement System grew its position in Six Flags Entertainment by 4.2% in the first quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock worth $915,000 after acquiring an additional 800 shares during the period. UBS Asset Management Americas Inc. grew its position in Six Flags Entertainment by 411.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 608,816 shares of the company’s stock worth $20,761,000 after acquiring an additional 489,709 shares during the period. Finally, SG Americas Securities LLC grew its position in Six Flags Entertainment by 542.2% in the fourth quarter. SG Americas Securities LLC now owns 78,388 shares of the company’s stock worth $2,673,000 after acquiring an additional 66,181 shares during the period. Institutional investors and hedge funds own 80.87% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. As of March 18, 2021, the company operated 26 parks in the United States, Mexico, and Canada.

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

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