Cedar Fair (FUN) to Release Earnings on Thursday

Cedar Fair (NYSE:FUN) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Cedar Fair to post earnings of ($2.36) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Cedar Fair (NYSE:FUN) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $371.12 million for the quarter, compared to the consensus estimate of $365.13 million. Cedar Fair had a net margin of 6.96% and a negative return on equity of 21.06%. On average, analysts expect Cedar Fair to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Cedar Fair Trading Up 2.4 %

Shares of Cedar Fair stock opened at $40.39 on Tuesday. The firm has a market capitalization of $2.07 billion, a PE ratio of 16.49 and a beta of 1.42. The firm’s 50 day moving average is $40.70 and its 200 day moving average is $39.56. Cedar Fair has a 1 year low of $34.04 and a 1 year high of $45.39.

Cedar Fair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Tuesday, March 5th. Cedar Fair’s dividend payout ratio (DPR) is presently 48.98%.

Wall Street Analyst Weigh In

FUN has been the topic of several research reports. B. Riley reaffirmed a “buy” rating and set a $52.00 price target (up from $50.00) on shares of Cedar Fair in a report on Friday, February 16th. Mizuho assumed coverage on shares of Cedar Fair in a report on Tuesday, March 26th. They set a “buy” rating and a $56.00 target price on the stock. KeyCorp boosted their target price on shares of Cedar Fair from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Oppenheimer assumed coverage on shares of Cedar Fair in a report on Thursday, February 8th. They set an “outperform” rating and a $49.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on shares of Cedar Fair from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Cedar Fair has an average rating of “Buy” and an average target price of $50.00.

About Cedar Fair

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.