$0.12 EPS Expected for Six Flags Entertainment Corp (SIX) This Quarter
Equities analysts expect that Six Flags Entertainment Corp (NYSE:SIX) will report $0.12 earnings per share (EPS) for the current quarter, according to Zacks. Nine analysts have made estimates for Six Flags Entertainment’s earnings, with estimates ranging from $0.06 to $0.20. Six Flags Entertainment reported earnings of $0.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 500%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 20th.
On average, analysts expect that Six Flags Entertainment will report full year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.06 to $2.20. For the next year, analysts expect that the company will report earnings of $2.34 per share, with EPS estimates ranging from $1.76 to $2.88. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Six Flags Entertainment.
SIX has been the subject 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. FBR & Co restated a “buy” rating on shares of Six Flags Entertainment in a research report on Wednesday, October 25th. TheStreet upgraded Six Flags Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. SunTrust Banks reiterated a “buy” rating and set a $70.00 price target on shares of Six Flags Entertainment in a research report on Friday, October 27th. Finally, Wedbush set a $76.00 price target on Six Flags Entertainment and gave the stock a “buy” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Six Flags Entertainment currently has a consensus rating of “Buy” and a consensus target price of $68.40.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.63%. This is a boost from Six Flags Entertainment’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, February 15th. Six Flags Entertainment’s payout ratio is presently 149.28%.
In related news, CEO James Reid-Anderson sold 25,456 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $66.31, for a total transaction of $1,687,987.36. Following the completion of the sale, the chief executive officer now directly owns 3,520,146 shares in the company, valued at $233,420,881.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 240,181 shares of company stock valued at $16,041,661 over the last quarter. 6.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Park Avenue Securities LLC grew its holdings in Six Flags Entertainment by 13.4% in the 3rd quarter. Park Avenue Securities LLC now owns 6,768 shares of the company’s stock valued at $411,000 after buying an additional 802 shares in the last quarter. North Star Investment Management Corp. grew its holdings in Six Flags Entertainment by 17.2% in the 4th quarter. North Star Investment Management Corp. now owns 5,662 shares of the company’s stock valued at $377,000 after buying an additional 829 shares in the last quarter. Teachers Advisors LLC grew its holdings in Six Flags Entertainment by 1.2% in the 4th quarter. Teachers Advisors LLC now owns 75,132 shares of the company’s stock valued at $5,002,000 after buying an additional 874 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Six Flags Entertainment by 7.2% in the 3rd quarter. Pacer Advisors Inc. now owns 13,317 shares of the company’s stock valued at $812,000 after buying an additional 897 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Six Flags Entertainment by 8.4% in the 4th quarter. LPL Financial LLC now owns 12,097 shares of the company’s stock valued at $805,000 after buying an additional 938 shares in the last quarter. Institutional investors own 98.71% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://theolympiareport.com/2018/02/20/0-12-eps-expected-for-six-flags-entertainment-corp-six-this-quarter.html.
About Six Flags Entertainment
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Six Flags Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.