Q1 2024 EPS Estimates for Six Flags Entertainment Co. Decreased by Analyst (NYSE:SIX)

Six Flags Entertainment Co. (NYSE:SIX) – Analysts at B. Riley cut their Q1 2024 earnings per share estimates for shares of Six Flags Entertainment in a research note issued on Thursday, April 18th. B. Riley analyst E. Wold now anticipates that the company will post earnings of ($1.05) per share for the quarter, down from their prior estimate of ($0.99). B. Riley currently has a “Buy” rating and a $31.00 target price on the stock. The consensus estimate for Six Flags Entertainment’s current full-year earnings is $1.79 per share. B. Riley also issued estimates for Six Flags Entertainment’s Q1 2025 earnings at ($0.86) EPS.

A number of other analysts have also weighed in on the stock. Citigroup raised their target price on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, March 1st. StockNews.com initiated coverage on Six Flags Entertainment in a report on Sunday. They set a “hold” rating on the stock. Finally, Truist Financial raised their price objective on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.31.

Six Flags Entertainment Trading Up 1.4 %

Shares of Six Flags Entertainment stock opened at $23.77 on Monday. The firm’s 50 day moving average is $25.23 and its 200 day moving average is $24.20. The firm has a market capitalization of $2.00 billion, a PE ratio of 51.67 and a beta of 2.20. Six Flags Entertainment has a 1 year low of $18.29 and a 1 year high of $28.99.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The business had revenue of $292.55 million during the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%.

Institutional Investors Weigh In On Six Flags Entertainment

Several large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG grew its stake in shares of Six Flags Entertainment by 151.2% in the 3rd quarter. Deutsche Bank AG now owns 321,548 shares of the company’s stock valued at $7,560,000 after buying an additional 193,543 shares during the period. Rush Island Management LP raised its position in shares of Six Flags Entertainment by 23.9% during the third quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after purchasing an additional 668,986 shares during the period. Cove Street Capital LLC lifted its holdings in shares of Six Flags Entertainment by 12.4% in the 3rd quarter. Cove Street Capital LLC now owns 478,053 shares of the company’s stock worth $10,818,000 after purchasing an additional 52,600 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Six Flags Entertainment by 586.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 207,445 shares of the company’s stock valued at $4,877,000 after purchasing an additional 177,245 shares during the period. Finally, Corton Capital Inc. bought a new stake in Six Flags Entertainment during the 3rd quarter valued at $429,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

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 sells food, beverages, merchandise, and other products and services within its parks.