SeaWorld Entertainment Inc. (SEAS) Earns Outperform Rating from FBR & Co
FBR & Co reissued their outperform rating on shares of SeaWorld Entertainment Inc. (NYSE:SEAS) in a research report report published on Tuesday morning. The firm currently has a $15.00 price objective on the stock.
A number of other equities analysts have also recently commented on SEAS. Credit Suisse Group AG cut shares of SeaWorld Entertainment from an outperform rating to an underperform rating and set a $15.00 target price on the stock. in a report on Thursday, May 26th. Wedbush reissued a neutral rating and issued a $16.00 price objective (down from $18.00) on shares of SeaWorld Entertainment in a research note on Monday, June 27th. Zacks Investment Research raised shares of SeaWorld Entertainment from a strong sell rating to a hold rating in a research note on Thursday, July 7th. Macquarie cut shares of SeaWorld Entertainment from an outperform rating to a neutral rating and boosted their price objective for the company from $12.58 to $12.88 in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of SeaWorld Entertainment from $18.00 to $14.00 and set a neutral rating on the stock in a research note on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. SeaWorld Entertainment has an average rating of Hold and an average target price of $15.07.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 13.23 on Tuesday. The stock has a 50 day moving average of $12.94 and a 200-day moving average of $16.40. SeaWorld Entertainment has a 12 month low of $11.77 and a 12 month high of $21.85. The firm has a market capitalization of $1.13 billion, a PE ratio of 54.44 and a beta of 0.60.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $371.10 million for the quarter, compared to analysts’ expectations of $377.19 million. SeaWorld Entertainment had a net margin of 1.52% and a return on equity of 12.97%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, equities research analysts anticipate that SeaWorld Entertainment will post $0.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio (DPR) is presently 381.84%.
A number of hedge funds have recently bought and sold shares of SEAS. BlackRock Inc. increased its stake in SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock worth $117,000 after buying an additional 597 shares during the period. Teacher Retirement System of Texas increased 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 worth $134,000 after buying an additional 533 shares during the period. Eqis Capital Management Inc. bought a new position in SeaWorld Entertainment during the second quarter worth $144,000. Pitcairn Co. bought a new position in SeaWorld Entertainment during the second quarter worth $163,000. Finally, Laurion Capital Management LP bought a new position in SeaWorld Entertainment during the second quarter worth $182,000. 96.74% of the stock is owned by hedge funds and other 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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