SeaWorld Entertainment, Inc. (NYSE:SEAS) Releases Quarterly Earnings Results, Beats Expectations By $0.77 EPS
SeaWorld Entertainment, Inc. (NYSE:SEAS) posted its quarterly earnings data on Tuesday. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.77, MarketWatch Earnings reports. The business had revenue of $373.80 million during the quarter, compared to analyst estimates of $395.24 million. SeaWorld Entertainment had a return on equity of 3.66% and a net margin of 0.79%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS.
Shares of SeaWorld Entertainment (SEAS) traded down 7.42% on Tuesday, hitting $12.60. The stock had a trading volume of 10,753,204 shares. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 111.50 and a beta of 0.73. The stock has a 50 day moving average of $15.42 and a 200 day moving average of $17.38. SeaWorld Entertainment has a 12-month low of $11.10 and a 12-month high of $20.13.
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In other SeaWorld Entertainment news, major shareholder Hill Path Holdings Llc bought 256,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were purchased at an average price of $18.22 per share, with a total value of $4,664,320.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hill Path Capital Partners Lp bought 805,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average cost of $17.97 per share, for a total transaction of $14,465,850.00. The disclosure for this purchase can be found here. Insiders have bought 3,540,475 shares of company stock worth $63,638,585 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its position in SeaWorld Entertainment by 1.7% in the first quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock valued at $1,458,000 after buying an additional 1,352 shares during the period. Rhumbline Advisers raised its position in SeaWorld Entertainment by 3.4% in the second quarter. Rhumbline Advisers now owns 78,207 shares of the company’s stock valued at $1,272,000 after buying an additional 2,541 shares during the period. American International Group Inc. raised its position in SeaWorld Entertainment by 7.1% in the first quarter. American International Group Inc. now owns 41,203 shares of the company’s stock valued at $753,000 after buying an additional 2,730 shares during the period. Teachers Advisors LLC raised its position in SeaWorld Entertainment by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 108,812 shares of the company’s stock valued at $2,060,000 after buying an additional 2,882 shares during the period. Finally, Bank of New York Mellon Corp raised its position in SeaWorld Entertainment by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 589,499 shares of the company’s stock valued at $9,591,000 after buying an additional 12,371 shares during the period.
SEAS has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on SeaWorld Entertainment in a research note on Thursday, April 20th. They issued a “buy” rating and a $23.00 price objective for the company. Janney Montgomery Scott reissued a “buy” rating and set a $24.00 price target on shares of SeaWorld Entertainment in a research note on Thursday, April 13th. SunTrust Banks, Inc. started coverage on SeaWorld Entertainment in a research note on Wednesday, April 12th. They set a “buy” rating and a $22.00 price target for the company. FBR & Co reissued a “buy” rating on shares of SeaWorld Entertainment in a research note on Monday, April 10th. Finally, ValuEngine raised SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.23.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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