Wall Street analysts expect Six Flags Entertainment Corporation New (NYSE:SIX) to report sales of $600.42 million for the current quarter, according to Zacks. Nine analysts have issued estimates for Six Flags Entertainment Corporation New’s earnings, with estimates ranging from $586.40 million to $612.55 million. Six Flags Entertainment Corporation New posted sales of $557.60 million during the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The company is expected to announce its next earnings report on Wednesday, October 25th.

On average, analysts expect that Six Flags Entertainment Corporation New will report full year sales of $600.42 million for the current fiscal year, with estimates ranging from $1.36 billion to $1.40 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.46 billion per share, with estimates ranging from $1.43 billion to $1.47 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Six Flags Entertainment Corporation New.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by $0.11. The firm had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS.

SIX has been the subject of a number of analyst reports. Wedbush dropped their price target on shares of Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, June 8th. ValuEngine upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Macquarie downgraded shares of Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 27th. Hilliard Lyons downgraded shares of Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research report on Thursday, April 27th. Finally, Zacks Investment Research downgraded shares of Six Flags Entertainment Corporation New from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $66.55.

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In related news, VP Lance C. Balk sold 48,998 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 6.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SIX. Prudential Financial Inc. boosted its position in shares of Six Flags Entertainment Corporation New by 6.8% in the second quarter. Prudential Financial Inc. now owns 4,690 shares of the company’s stock worth $280,000 after buying an additional 300 shares during the period. Victory Capital Management Inc. boosted its position in shares of Six Flags Entertainment Corporation New by 5.1% in the second quarter. Victory Capital Management Inc. now owns 1,191,036 shares of the company’s stock worth $70,998,000 after buying an additional 57,994 shares during the period. Federated Investors Inc. PA boosted its position in shares of Six Flags Entertainment Corporation New by 3.8% in the second quarter. Federated Investors Inc. PA now owns 630,430 shares of the company’s stock worth $37,580,000 after buying an additional 22,800 shares during the period. Columbus Circle Investors purchased a new position in shares of Six Flags Entertainment Corporation New during the second quarter worth about $3,650,000. Finally, Hourglass Capital LLC boosted its position in shares of Six Flags Entertainment Corporation New by 0.8% in the second quarter. Hourglass Capital LLC now owns 106,700 shares of the company’s stock worth $6,360,000 after buying an additional 830 shares during the period. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Entertainment Corporation New (NYSE:SIX) traded down 1.69% during midday trading on Friday, hitting $55.33. The stock had a trading volume of 900,051 shares. Six Flags Entertainment Corporation New has a 1-year low of $47.61 and a 1-year high of $65.19. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 51.42 and a beta of 1.13. The company’s 50 day moving average is $58.46 and its 200 day moving average is $59.81.

Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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