Press coverage about Cedar Fair (NYSE:FUN) has trended somewhat negative this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cedar Fair earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.8709894812904 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts have recently commented on the company. KeyCorp reissued an “overweight” rating and set a $74.00 price objective on shares of Cedar Fair in a report on Wednesday, August 30th. BidaskClub raised Cedar Fair from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. B. Riley reissued a “buy” rating on shares of Cedar Fair in a report on Friday, November 3rd. Zacks Investment Research upgraded Cedar Fair from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $74.00 target price (down previously from $75.00) on shares of Cedar Fair in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.38.
Cedar Fair (FUN) traded down $0.13 during trading hours on Thursday, reaching $67.12. The company had a trading volume of 63,417 shares, compared to its average volume of 129,910. The company has a market cap of $3,774.69, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 3.72 and a beta of 0.52. Cedar Fair has a one year low of $59.66 and a one year high of $72.56. The company has a quick ratio of 1.06, a current ratio of 1.18 and a debt-to-equity ratio of 22.05.
Cedar Fair (NYSE:FUN) last released its earnings results on Thursday, November 2nd. The company reported $3.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). The firm had revenue of $652.69 million during the quarter, compared to the consensus estimate of $652.98 million. Cedar Fair had a return on equity of 2,430.22% and a net margin of 11.75%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.10 EPS. research analysts anticipate that Cedar Fair will post 3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be given a $0.89 dividend. This is an increase from Cedar Fair’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, December 1st. This represents a $3.56 dividend on an annualized basis and a yield of 5.30%. Cedar Fair’s payout ratio is presently 134.34%.
In other Cedar Fair news, CEO Matthew A. Ouimet sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $64.90, for a total value of $129,800.00. Following the completion of the sale, the chief executive officer now owns 193,199 shares in the company, valued at $12,538,615.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew A. Ouimet sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $66.40, for a total value of $265,600.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Cedar Fair Company Profile
Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.
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