SeaWorld Entertainment Inc (SEAS) Forecasted to Post Q1 2018 Earnings of ($0.73) Per Share
SeaWorld Entertainment Inc (NYSE:SEAS) – Stock analysts at SunTrust Banks lowered their Q1 2018 earnings estimates for SeaWorld Entertainment in a report issued on Tuesday. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings per share of ($0.73) for the quarter, down from their prior forecast of ($0.70). SunTrust Banks currently has a “Buy” rating and a $16.00 target price on the stock. SunTrust Banks also issued estimates for SeaWorld Entertainment’s Q4 2018 earnings at ($0.13) EPS and FY2018 earnings at $0.16 EPS.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.06). The firm had revenue of $265.50 million for the quarter, compared to analyst estimates of $258.97 million. SeaWorld Entertainment had a positive return on equity of 22.91% and a negative net margin of 16.02%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) EPS.
Shares of SeaWorld Entertainment (NYSE SEAS) opened at $14.66 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 5.04. The stock has a market cap of $1,330.00, a P/E ratio of -6.19 and a beta of 0.83. SeaWorld Entertainment has a 52-week low of $10.42 and a 52-week high of $19.24.
A number of institutional investors have recently modified their holdings of SEAS. Voya Investment Management LLC boosted its position in SeaWorld Entertainment by 18.3% in the second quarter. Voya Investment Management LLC now owns 31,516 shares of the company’s stock valued at $513,000 after buying an additional 4,869 shares in the last quarter. State Street Corp boosted its position in SeaWorld Entertainment by 6.6% in the second quarter. State Street Corp now owns 1,308,842 shares of the company’s stock valued at $21,292,000 after buying an additional 80,617 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in SeaWorld Entertainment by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock valued at $857,000 after buying an additional 745 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in SeaWorld Entertainment by 10.9% in the second quarter. Public Employees Retirement System of Ohio now owns 136,912 shares of the company’s stock valued at $2,228,000 after buying an additional 13,437 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in SeaWorld Entertainment by 51.0% in the third quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock valued at $326,000 after buying an additional 8,483 shares in the last quarter. Hedge funds and other institutional investors own 88.02% 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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