SeaWorld Entertainment Inc. (SEAS) Given a $13.00 Price Target by Macquarie Analysts
SeaWorld Entertainment Inc. (NYSE:SEAS) received a $13.00 target price from analysts at Macquarie in a research report issued on Tuesday. The brokerage currently has a a “hold” rating on the stock. Macquarie’s price objective would indicate a potential upside of 5.86% from the company’s current price.
Several other research firms also recently weighed in on SEAS. FBR & Co reissued a “buy” rating on shares of SeaWorld Entertainment in a report on Thursday, May 26th. Credit Suisse Group AG downgraded SeaWorld Entertainment from an “outperform” rating to an “underperform” rating and set a $15.00 price objective for the company. in a report on Thursday, May 26th. Wedbush restated a “neutral” rating and set a $16.00 price target (down previously from $18.00) on shares of SeaWorld Entertainment in a research note on Monday, June 27th. Zacks Investment Research upgraded SeaWorld Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, Janney Montgomery Scott restated a “neutral” rating and set a $14.50 price target (down previously from $19.00) on shares of SeaWorld Entertainment in a research note on Monday, August 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. SeaWorld Entertainment currently has an average rating of “Hold” and a consensus price target of $15.07.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 12.28 on Tuesday. SeaWorld Entertainment has a 52 week low of $11.77 and a 52 week high of $21.85. The firm has a market cap of $1.05 billion, a PE ratio of 50.53 and a beta of 0.60. The firm’s 50-day moving average is $12.99 and its 200 day moving average is $16.42.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The business earned $371.10 million during the quarter, compared to the consensus estimate of $377.19 million. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Equities research analysts forecast that SeaWorld Entertainment will post $0.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio (DPR) is 381.84%.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock valued at $117,000 after buying an additional 597 shares during the period. Teacher Retirement System of Texas raised its stake in SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock valued at $134,000 after buying an additional 533 shares during the period. Eqis Capital Management Inc. purchased a new stake in SeaWorld Entertainment during the second quarter valued at $144,000. Pitcairn Co. purchased a new stake in SeaWorld Entertainment during the second quarter valued at $163,000. Finally, Laurion Capital Management LP purchased a new stake in SeaWorld Entertainment during the second quarter valued at $182,000. 96.74% of the stock is currently owned by institutional investors.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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