United Parks & Resorts (NYSE:PRKS) Releases Earnings Results, Beats Expectations By $0.09 EPS

United Parks & Resorts (NYSE:PRKS) released its quarterly earnings data on Wednesday. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.09, Briefing.com reports. United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The business had revenue of $297.40 million for the quarter, compared to analysts’ expectations of $286.88 million. During the same quarter in the previous year, the business posted ($0.26) EPS. United Parks & Resorts’s revenue for the quarter was up 1.4% on a year-over-year basis.

United Parks & Resorts Trading Up 4.2 %

NYSE:PRKS traded up $2.17 during trading hours on Thursday, reaching $53.79. 662,069 shares of the stock were exchanged, compared to its average volume of 843,365. United Parks & Resorts has a twelve month low of $40.87 and a twelve month high of $61.30. The company’s 50 day simple moving average is $53.00. The stock has a market capitalization of $3.40 billion, a PE ratio of 14.22 and a beta of 1.83.

Analysts Set New Price Targets

A number of analysts recently issued reports on PRKS shares. Truist Financial lowered their target price on United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Mizuho increased their target price on United Parks & Resorts from $47.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on United Parks & Resorts from $57.00 to $61.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Citigroup increased their target price on United Parks & Resorts from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Finally, Guggenheim initiated coverage on United Parks & Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $73.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Hold” and an average target price of $59.40.

Insiders Place Their Bets

In other news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total value of $53,870.00. Following the completion of the sale, the insider now owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total value of $53,870.00. Following the completion of the sale, the insider now owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Byron Surrett sold 5,083 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $50.50, for a total value of $256,691.50. Following the completion of the sale, the insider now directly owns 15,306 shares of the company’s stock, valued at approximately $772,953. The disclosure for this sale can be found here. Insiders sold a total of 8,165 shares of company stock valued at $420,927 in the last quarter. 1.10% of the stock is currently owned by insiders.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.