Cedar Fair, L.P. (NYSE:FUN) – Analysts at Wedbush issued their Q1 2017 earnings estimates for Cedar Fair, L.P. in a research report issued to clients and investors on Thursday. Wedbush analyst J. Hardiman expects that the brokerage will post earnings per share of ($1.12) for the quarter. Wedbush has a “Outperform” rating and a $72.00 price target on the stock. Wedbush also issued estimates for Cedar Fair, L.P.’s Q2 2017 earnings at $1.01 EPS, Q3 2017 earnings at $3.62 EPS, Q4 2017 earnings at $0.03 EPS and FY2018 earnings at $3.85 EPS.

FUN has been the topic of a number of other research reports. Zacks Investment Research raised shares of Cedar Fair, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. FBR & Co lifted their target price on shares of Cedar Fair, L.P. from $68.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $76.00 target price on shares of Cedar Fair, L.P. in a research note on Thursday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Cedar Fair, L.P. presently has an average rating of “Buy” and an average target price of $70.83.

Earnings History and Estimates for Cedar Fair, L.P. (NYSE:FUN)

“Brokers Set Expectations for Cedar Fair, L.P.’s Q1 2017 Earnings (FUN)” was reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be viewed at http://www.dailypolitical.com/2017/02/17/brokers-set-expectations-for-cedar-fair-l-p-s-q1-2017-earnings-fun.html.

Cedar Fair, L.P. (NYSE:FUN) opened at 66.59 on Friday. The stock has a 50 day moving average of $63.64 and a 200-day moving average of $60.46. Cedar Fair, L.P. has a 12-month low of $55.62 and a 12-month high of $66.70. The company has a market capitalization of $3.74 billion, a PE ratio of 23.77 and a beta of 0.74.

Cedar Fair, L.P. (NYSE:FUN) last posted its quarterly earnings results on Wednesday, February 15th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.14. The company earned $192 million during the quarter, compared to the consensus estimate of $182.64 million. Cedar Fair, L.P. had a return on equity of 768.42% and a net margin of 12.57%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.46) earnings per share.

A number of large investors have recently made changes to their positions in the company. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Cedar Fair, L.P. by 0.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 5,060 shares of the company’s stock valued at $293,000 after buying an additional 18 shares during the period. Huntington National Bank boosted its stake in shares of Cedar Fair, L.P. by 1.7% in the second quarter. Huntington National Bank now owns 3,745 shares of the company’s stock valued at $217,000 after buying an additional 62 shares during the period. HL Financial Services LLC boosted its stake in shares of Cedar Fair, L.P. by 2.3% in the third quarter. HL Financial Services LLC now owns 7,457 shares of the company’s stock valued at $427,000 after buying an additional 169 shares during the period. M&R Capital Management Inc. boosted its stake in shares of Cedar Fair, L.P. by 2.6% in the fourth quarter. M&R Capital Management Inc. now owns 7,595 shares of the company’s stock valued at $487,000 after buying an additional 195 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Cedar Fair, L.P. by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 18,350 shares of the company’s stock valued at $1,051,000 after buying an additional 200 shares during the period. 48.91% of the stock is currently owned by institutional investors.

“Brokers Set Expectations for Cedar Fair, L.P.’s Q1 2017 Earnings (FUN)” was reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be viewed at http://www.dailypolitical.com/2017/02/17/brokers-set-expectations-for-cedar-fair-l-p-s-q1-2017-earnings-fun.html.

In other Cedar Fair, L.P. news, VP Robert A. Decker sold 750 shares of Cedar Fair, L.P. stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $63.03, for a total transaction of $47,272.50. Following the sale, the vice president now owns 60,425 shares of the company’s stock, valued at approximately $3,808,587.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Cedar Fair, L.P. Company Profile

Cedar Fair, L.P. is an operator of regional amusement parks. The Company owns approximately 10 amusement parks, three outdoor water parks, an indoor water park and five hotels. The Company operates through amusement/water parks with accompanying resort facilities segment. Its amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada’s Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom (Dorney Park), located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St.

5 Day Chart for NYSE:FUN

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