Brokerages expect Six Flags Entertainment Corp (NYSE:SIX) to report $284.84 million in sales for the current quarter, Zacks reports. Nine analysts have provided estimates for Six Flags Entertainment’s earnings. The lowest sales estimate is $278.00 million and the highest is $306.30 million. Six Flags Entertainment reported sales of $256.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The business is expected to report its next earnings report on Tuesday, February 19th.

On average, analysts expect that Six Flags Entertainment will report full year sales of $1.48 billion for the current fiscal year, with estimates ranging from $1.47 billion to $1.50 billion. For the next year, analysts forecast that the firm will post sales of $1.56 billion, with estimates ranging from $1.54 billion to $1.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Six Flags Entertainment.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.16). The business had revenue of $619.82 million during the quarter, compared to analyst estimates of $633.03 million. Six Flags Entertainment had a negative return on equity of 35.16% and a net margin of 20.30%.

SIX has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. SunTrust Banks cut their target price on Six Flags Entertainment to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. ValuEngine cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. KeyCorp cut their target price on Six Flags Entertainment from $72.00 to $69.00 and set an “overweight” rating on the stock in a research note on Thursday, October 25th. Finally, Wedbush set a $55.00 target price on Six Flags Entertainment and gave the company a “hold” rating in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $68.63.

In other Six Flags Entertainment news, CFO Marshall Barber sold 449 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $65.21, for a total value of $29,279.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Catherine Aslin sold 2,425 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $66.85, for a total value of $162,111.25. The disclosure for this sale can be found here. Insiders sold 2,934 shares of company stock worth $195,337 over the last quarter. 6.90% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Six Flags Entertainment by 3.1% during the second quarter. BlackRock Inc. now owns 6,675,084 shares of the company’s stock valued at $467,588,000 after purchasing an additional 201,773 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Six Flags Entertainment by 0.7% during the second quarter. Janus Henderson Group PLC now owns 3,419,761 shares of the company’s stock valued at $239,554,000 after purchasing an additional 25,405 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Six Flags Entertainment by 1.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,685,496 shares of the company’s stock valued at $187,501,000 after purchasing an additional 49,490 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Six Flags Entertainment by 16.6% during the third quarter. Bank of New York Mellon Corp now owns 2,020,972 shares of the company’s stock valued at $141,104,000 after purchasing an additional 288,077 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Six Flags Entertainment by 0.7% during the third quarter. Bessemer Group Inc. now owns 1,802,119 shares of the company’s stock valued at $125,826,000 after purchasing an additional 12,628 shares in the last quarter. Institutional investors own 94.58% of the company’s stock.

Six Flags Entertainment stock opened at $57.17 on Friday. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 26.84 and a beta of 1.21. Six Flags Entertainment has a 12 month low of $51.91 and a 12 month high of $73.38.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.

Featured Story: What is a capital gain?

Get a free copy of the Zacks research report on Six Flags Entertainment (SIX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.