Q2 2024 EPS Estimates for SeaWorld Entertainment, Inc. Boosted by B. Riley (NYSE:SEAS)

SeaWorld Entertainment, Inc. (NYSE:SEAS – Get Rating) – B. Riley boosted their Q2 2024 EPS estimates for shares of SeaWorld Entertainment in a research report issued to clients and investors on Wednesday, March 1st. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $1.90 for the quarter, up from their previous estimate of $1.84. The consensus estimate for SeaWorld Entertainment’s current full-year earnings is $4.78 per share. B. Riley also issued estimates for SeaWorld Entertainment’s Q3 2024 earnings at $2.60 EPS, Q4 2024 earnings at $1.15 EPS and FY2024 earnings at $5.46 EPS.

A number of other equities analysts have also recently commented on the stock. Truist Financial lifted their target price on shares of SeaWorld Entertainment from $60.00 to $72.00 in a research report on Wednesday. Citigroup lifted their target price on shares of SeaWorld Entertainment from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, January 9th. StockNews.com cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, Credit Suisse Group lifted their target price on shares of SeaWorld Entertainment from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.00.

SeaWorld Entertainment Stock Performance

SeaWorld Entertainment stock opened at $64.94 on Thursday. The firm’s fifty day moving average price is $60.77 and its 200-day moving average price is $55.75. The stock has a market cap of $4.15 billion, a P/E ratio of 15.28 and a beta of 2.00. SeaWorld Entertainment has a fifty-two week low of $40.01 and a fifty-two week high of $76.57.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. The firm had revenue of $390.50 million for the quarter, compared to analysts’ expectations of $387.37 million. SeaWorld Entertainment had a net margin of 16.82% and a negative return on equity of 89.67%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Fund Management S.A. lifted its stake in shares of SeaWorld Entertainment by 1.7% in the fourth quarter. Capital Fund Management S.A. now owns 10,480 shares of the company’s stock worth $561,000 after buying an additional 180 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of SeaWorld Entertainment by 0.9% in the second quarter. WINTON GROUP Ltd now owns 21,386 shares of the company’s stock worth $945,000 after buying an additional 194 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of SeaWorld Entertainment by 1.9% in the third quarter. Handelsbanken Fonder AB now owns 10,800 shares of the company’s stock worth $492,000 after buying an additional 200 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of SeaWorld Entertainment by 3.2% in the third quarter. Captrust Financial Advisors now owns 7,705 shares of the company’s stock worth $351,000 after buying an additional 239 shares in the last quarter. Finally, First Hawaiian Bank lifted its stake in shares of SeaWorld Entertainment by 4.5% in the third quarter. First Hawaiian Bank now owns 7,464 shares of the company’s stock worth $340,000 after buying an additional 320 shares in the last quarter.

Insider Buying and Selling

In related news, insider Kyle Robert Miller sold 15,119 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $66.00, for a total transaction of $997,854.00. Following the sale, the insider now owns 19,517 shares of the company’s stock, valued at $1,288,122. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

About SeaWorld Entertainment

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SeaWorld Entertainment, Inc is a holding company, which engages in the ownership and operation of theme parks. It operates through the following brands: SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.