Six Flags Entertainment Corp (NYSE:SIX) – Stock analysts at B. Riley dropped their Q1 2020 earnings per share (EPS) estimates for Six Flags Entertainment in a research report issued on Thursday, April 25th, Zacks Investment Research reports. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of ($0.85) for the quarter, down from their prior estimate of ($0.83). B. Riley has a “Buy” rating and a $57.00 price objective on the stock.
Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.82) EPS for the quarter, beating the consensus estimate of ($0.86) by $0.04. Six Flags Entertainment had a net margin of 18.40% and a negative return on equity of 41.58%. The business had revenue of $128.19 million during the quarter, compared to analyst estimates of $123.63 million. During the same quarter in the previous year, the business posted ($0.74) EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year.
Several other research firms have also commented on SIX. ValuEngine upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating and set a $62.00 price objective on the stock in a research report on Saturday, February 16th. Jefferies Financial Group assumed coverage on shares of Six Flags Entertainment in a research report on Monday, April 22nd. They issued a “hold” rating and a $56.00 price objective on the stock. TheStreet downgraded shares of Six Flags Entertainment from a “b-” rating to a “c+” rating in a research report on Thursday, March 7th. Finally, Wells Fargo & Co cut their price objective on shares of Six Flags Entertainment from $62.00 to $49.00 and set a “market perform” rating on the stock in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Six Flags Entertainment has an average rating of “Hold” and a consensus price target of $60.00.
Shares of NYSE:SIX traded down $0.84 during trading hours on Monday, hitting $51.66. The company’s stock had a trading volume of 732,700 shares, compared to its average volume of 1,293,863. Six Flags Entertainment has a 52 week low of $46.68 and a 52 week high of $73.38. The firm has a market cap of $4.41 billion, a P/E ratio of 15.99, a P/E/G ratio of 3.62 and a beta of 1.15.
Large investors have recently added to or reduced their stakes in the business. MML Investors Services LLC grew its position in Six Flags Entertainment by 33.3% during the 4th quarter. MML Investors Services LLC now owns 27,419 shares of the company’s stock worth $1,525,000 after purchasing an additional 6,842 shares during the last quarter. Comerica Bank lifted its stake in Six Flags Entertainment by 37.0% during the 4th quarter. Comerica Bank now owns 62,332 shares of the company’s stock valued at $3,812,000 after acquiring an additional 16,850 shares during the period. Jane Street Group LLC acquired a new stake in Six Flags Entertainment during the 3rd quarter valued at approximately $443,000. Canada Pension Plan Investment Board acquired a new stake in Six Flags Entertainment during the 4th quarter valued at approximately $2,008,000. Finally, Burney Co. lifted its stake in Six Flags Entertainment by 94.2% during the 4th quarter. Burney Co. now owns 14,641 shares of the company’s stock valued at $814,000 after acquiring an additional 7,103 shares during the period. 89.72% of the stock is currently owned by institutional investors.
In other news, CFO Marshall Barber sold 1,275 shares of Six Flags Entertainment stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $56.48, for a total value of $72,012.00. Following the transaction, the chief financial officer now owns 82,722 shares of the company’s stock, valued at approximately $4,672,138.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Usman Nabi bought 5,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $50.77 per share, for a total transaction of $253,850.00. Following the transaction, the director now owns 7,520 shares in the company, valued at approximately $381,790.40. The disclosure for this purchase can be found here. 5.90% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 30th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Wednesday, May 29th. Six Flags Entertainment’s payout ratio is currently 101.55%.
About Six Flags Entertainment
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company’s parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.