Six Flags Entertainment (SIX) Scheduled to Post Quarterly Earnings on Thursday

Six Flags Entertainment (NYSE:SIXGet 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:SIXGet 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

In other news, CFO Gary Mick bought 1,325 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average price of $23.82 per share, for a total transaction of $31,561.50. Following the completion of the transaction, the chief financial officer now owns 30,000 shares of the company’s stock, valued at $714,600. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Rehan Jaffer purchased 50,000 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were purchased at an average price of $29.84 per share, with a total value of $1,492,000.00. Following the completion of the acquisition, the insider now directly owns 9,425,000 shares in the company, valued at approximately $281,242,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Gary Mick purchased 1,325 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were bought at an average cost of $23.82 per share, for a total transaction of $31,561.50. Following the acquisition, the chief financial officer now owns 30,000 shares of the company’s stock, valued at $714,600. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 553,325 shares of company stock worth $16,049,162. Corporate insiders own 0.41% of the company’s stock.

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

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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.

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Earnings History for Six Flags Entertainment (NYSE:SIX)

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