Six Flags (NYSE:SIX) announced its quarterly earnings results on Tuesday. The company reported ($0.74) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.05, Briefing.com reports. Six Flags had a negative return on equity of 41.55% and a net margin of 20.15%. The company had revenue of $128.96 million during the quarter, compared to analysts’ expectations of $118.75 million. During the same quarter in the previous year, the firm earned ($0.63) earnings per share. The business’s quarterly revenue was up 29.6% compared to the same quarter last year.

Six Flags stock traded up $4.98 during trading hours on Wednesday, hitting $64.14. The stock had a trading volume of 1,770,540 shares, compared to its average volume of 877,222. The company has a quick ratio of 0.66, a current ratio of 0.74 and a debt-to-equity ratio of -4.00. The stock has a market cap of $5,142.42, a price-to-earnings ratio of 30.31 and a beta of 1.13. Six Flags has a fifty-two week low of $51.25 and a fifty-two week high of $70.44.

In other Six Flags news, VP Lance C. Balk sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $65.67, for a total value of $6,567,000.00. Following the completion of the transaction, the vice president now owns 15,738 shares of the company’s stock, valued at approximately $1,033,514.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Marshall Barber sold 597 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $66.57, for a total value of $39,742.29. Following the completion of the transaction, the chief financial officer now directly owns 80,536 shares of the company’s stock, valued at approximately $5,361,281.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,647 shares of company stock valued at $6,610,018. Insiders own 5.50% of the company’s stock.

A number of analysts have weighed in on SIX shares. ValuEngine cut Six Flags from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research cut Six Flags from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $72.00) on shares of Six Flags in a research report on Wednesday, February 21st. Oppenheimer set a $80.00 price target on Six Flags and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wedbush set a $76.00 price target on Six Flags and gave the stock a “buy” rating in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $69.18.

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About Six Flags

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

Earnings History for Six Flags (NYSE:SIX)

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