Six Flags Entertainment (NYSE:SIX – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 11th. Analysts expect the company to announce earnings of $1.02 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Six Flags Entertainment (NYSE:SIX – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.07) by $0.31. The business had revenue of $138.10 million for the quarter, compared to analysts’ expectations of $122.26 million. Six Flags Entertainment had a negative return on equity of 15.34% and a net margin of 10.31%. The company’s revenue for the quarter was up 68.4% compared to the same quarter last year. During the same period last year, the firm earned ($1.12) earnings per share. On average, analysts expect Six Flags Entertainment to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Six Flags Entertainment Trading Up 1.1 %
Shares of NYSE SIX opened at $23.86 on Thursday. The stock has a market cap of $2.06 billion, a P/E ratio of 13.04 and a beta of 2.20. Six Flags Entertainment has a 12-month low of $19.87 and a 12-month high of $47.24. The business’s fifty day simple moving average is $24.00 and its 200-day simple moving average is $34.15.
Insider Transactions at Six Flags Entertainment
Hedge Funds Weigh In On Six Flags Entertainment
A number of hedge funds and other institutional investors have recently made changes to their positions in SIX. Captrust Financial Advisors grew its holdings in shares of Six Flags Entertainment by 58.9% during the first quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock worth $55,000 after buying an additional 466 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Six Flags Entertainment during the first quarter worth about $77,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Six Flags Entertainment during the first quarter worth about $109,000. Lido Advisors LLC purchased a new position in shares of Six Flags Entertainment during the first quarter worth about $216,000. Finally, Bridgewater Associates LP purchased a new position in shares of Six Flags Entertainment during the first quarter worth about $222,000. Hedge funds and other institutional investors own 88.55% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on SIX shares. Truist Financial reduced their price objective on Six Flags Entertainment from $46.00 to $32.00 in a research note on Friday, May 13th. Stifel Nicolaus reduced their price objective on Six Flags Entertainment from $52.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, June 24th. B. Riley cut Six Flags Entertainment from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $24.00 in a research note on Tuesday, June 21st. Rosenblatt Securities began coverage on Six Flags Entertainment in a research note on Monday, April 25th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, KeyCorp set a $30.00 price target on Six Flags Entertainment in a research note on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Six Flags Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.80.
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. The company also sells food, beverages, merchandise, and other products and services within its parks.
- Get a free copy of the StockNews.com research report on Six Flags Entertainment (SIX)
- Is Starbucks Shooting For The Moon?
- Two High-Yield Deep-Values You Shouldn’t Ignore
- PayPal Continues To Struggle As Competition Increases
- Caterpillar Falls To Strong Support Near Bottom Of Range
- Proposed Tesla Stock Split Drives EV Market Higher
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
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.