$260.11 Million in Sales Expected for SeaWorld Entertainment, Inc. (SEAS) This Quarter
Wall Street analysts predict that SeaWorld Entertainment, Inc. (NYSE:SEAS) will post sales of $260.11 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for SeaWorld Entertainment’s earnings, with the highest sales estimate coming in at $272.18 million and the lowest estimate coming in at $249.03 million. SeaWorld Entertainment posted sales of $267.60 million during the same quarter last year, which suggests a negative year over year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that SeaWorld Entertainment will report full year sales of $260.11 million for the current year, with estimates ranging from $1.25 billion to $1.31 billion. For the next year, analysts expect that the firm will post sales of $1.30 billion per share, with estimates ranging from $1.27 billion to $1.34 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.14). SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The company had revenue of $437.70 million during the quarter, compared to analyst estimates of $453.58 million. During the same quarter in the previous year, the business posted $0.77 EPS. The company’s revenue was down 9.8% on a year-over-year basis.
SEAS has been the subject of several recent research reports. SunTrust Banks, Inc. reissued a “buy” rating and set a $16.00 price objective on shares of SeaWorld Entertainment in a report on Friday. BidaskClub cut SeaWorld Entertainment from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. FBR & Co reissued a “hold” rating and set a $14.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, October 5th. B. Riley reissued a “market perform” rating and set a $15.00 price objective on shares of SeaWorld Entertainment in a report on Thursday, August 3rd. Finally, Citigroup Inc. upgraded SeaWorld Entertainment from a “sell” rating to a “neutral” rating and set a $15.00 target price for the company in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. SeaWorld Entertainment has an average rating of “Hold” and an average price target of $15.82.
SeaWorld Entertainment (SEAS) traded down $0.43 during trading on Friday, hitting $12.15. The company had a trading volume of 2,368,700 shares, compared to its average volume of 2,600,552. The company has a market capitalization of $1,098.80, a PE ratio of 13.06 and a beta of 0.73. SeaWorld Entertainment has a fifty-two week low of $10.79 and a fifty-two week high of $20.13. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.57 and a quick ratio of 0.29.
In other news, major shareholder Hill Path Capital Partners Lp bought 417,942 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hill Path Capital Partners Co- bought 320,627 shares of the company’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. Insiders purchased 1,120,169 shares of company stock worth $14,854,443 over the last ninety days. 3.40% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in SeaWorld Entertainment by 85.6% in the third quarter. Wells Fargo & Company MN now owns 172,716 shares of the company’s stock valued at $2,243,000 after purchasing an additional 79,651 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of SeaWorld Entertainment by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 85,152 shares of the company’s stock worth $1,144,000 after acquiring an additional 10,828 shares during the last quarter. Nordea Investment Management AB raised its position in shares of SeaWorld Entertainment by 4.2% during the third quarter. Nordea Investment Management AB now owns 229,800 shares of the company’s stock worth $2,985,000 after acquiring an additional 9,300 shares during the last quarter. Olstein Capital Management L.P. raised its position in shares of SeaWorld Entertainment by 30.1% during the third quarter. Olstein Capital Management L.P. now owns 998,000 shares of the company’s stock worth $12,964,000 after acquiring an additional 231,060 shares during the last quarter. Finally, ING Groep NV bought a new position in shares of SeaWorld Entertainment during the third quarter worth about $6,495,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.
About SeaWorld Entertainment
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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