FY2018 EPS Estimates for Six Flags Entertainment Corp Boosted by Analyst (SIX)

Six Flags Entertainment Corp (NYSE:SIX) – Equities researchers at B. Riley upped their FY2018 EPS estimates for shares of Six Flags Entertainment in a research note issued on Tuesday. B. Riley analyst B. Crockett now forecasts that the company will post earnings of $2.93 per share for the year, up from their previous forecast of $2.37. B. Riley has a “Buy” rating on the stock.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.31. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The business had revenue of $580.40 million during the quarter, compared to the consensus estimate of $583.59 million. During the same quarter last year, the company earned $1.09 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Friday. Wedbush set a $76.00 price objective on shares of Six Flags Entertainment and gave the stock a “buy” rating in a report on Monday, January 8th. TheStreet raised shares of Six Flags Entertainment from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Six Flags Entertainment in a report on Friday, October 27th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.20.

Six Flags Entertainment (NYSE SIX) traded up $0.62 during mid-day trading on Thursday, hitting $67.87. 485,644 shares of the stock were exchanged, compared to its average volume of 562,919. Six Flags Entertainment has a twelve month low of $51.25 and a twelve month high of $69.00. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. The firm has a market capitalization of $5,634.59, a P/E ratio of 32.47, a P/E/G ratio of 3.58 and a beta of 1.17.

Several institutional investors and hedge funds have recently made changes to their positions in SIX. Janus Henderson Group PLC boosted its holdings in shares of Six Flags Entertainment by 985.4% during the second 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 period. Bank of New York Mellon Corp boosted its holdings in shares of Six Flags Entertainment by 75.0% during the third quarter. Bank of New York Mellon Corp now owns 1,411,729 shares of the company’s stock valued at $86,030,000 after acquiring an additional 605,027 shares during the period. Davidson Kempner Capital Management LP boosted its holdings in shares of Six Flags Entertainment by 438.3% during the second quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock valued at $44,125,000 after acquiring an additional 602,723 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Six Flags Entertainment during the second quarter valued at $35,168,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Six Flags Entertainment by 39.7% during the third quarter. Bessemer Group Inc. now owns 1,815,344 shares of the company’s stock valued at $110,626,000 after acquiring an additional 516,125 shares during the period. 99.45% of the stock is owned by institutional investors.

In other Six Flags Entertainment news, Chairman James Reid-Anderson sold 78,614 shares of Six Flags Entertainment stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $66.32, for a total value of $5,213,680.48. Following the completion of the transaction, the chairman now owns 3,520,146 shares of the company’s stock, valued at $233,456,082.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 281,139 shares of company stock valued at $18,706,366. 6.90% of the stock is currently owned by corporate insiders.

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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.

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

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