Zacks: Brokerages Expect SeaWorld Entertainment Inc (SEAS) Will Post Earnings of -$0.18 Per Share

Equities analysts predict that SeaWorld Entertainment Inc (NYSE:SEAS) will report earnings of ($0.18) per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings. The lowest EPS estimate is ($0.22) and the highest is ($0.10). SeaWorld Entertainment posted earnings per share of ($0.14) during the same quarter last year, which indicates a negative year over year growth rate of 28.6%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, February 27th.

On average, analysts expect that SeaWorld Entertainment will report full-year earnings of ($2.31) per share for the current fiscal year, with EPS estimates ranging from ($2.33) to ($2.26). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.27 per share, with EPS estimates ranging from $0.15 to $0.51. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover SeaWorld Entertainment.

A number of research firms recently weighed in on SEAS. ValuEngine cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of SeaWorld Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. BidaskClub raised shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. B. Riley reaffirmed a “hold” rating and set a $14.00 price objective on shares of SeaWorld Entertainment in a research report on Friday, December 8th. Finally, Stifel Nicolaus lowered their price objective on shares of SeaWorld Entertainment from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. SeaWorld Entertainment currently has an average rating of “Hold” and a consensus target price of $14.90.

A number of hedge funds have recently modified their holdings of the business. Hill Path Capital LP boosted its position in SeaWorld Entertainment by 12.9% in the 3rd quarter. Hill Path Capital LP now owns 13,581,406 shares of the company’s stock valued at $176,422,000 after buying an additional 1,556,869 shares during the period. Vanguard Group Inc. boosted its position in SeaWorld Entertainment by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,552,907 shares of the company’s stock valued at $90,345,000 after buying an additional 197,177 shares during the period. BlackRock Inc. boosted its position in SeaWorld Entertainment by 0.6% in the 4th quarter. BlackRock Inc. now owns 4,181,259 shares of the company’s stock valued at $56,740,000 after buying an additional 26,596 shares during the period. Sterling Capital Management LLC boosted its position in SeaWorld Entertainment by 19.2% in the 4th quarter. Sterling Capital Management LLC now owns 3,577,455 shares of the company’s stock valued at $48,546,000 after buying an additional 576,620 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in SeaWorld Entertainment by 7.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $38,970,000 after buying an additional 200,000 shares during the period. 88.02% of the stock is owned by institutional investors.

Shares of SeaWorld Entertainment (NYSE:SEAS) opened at $15.31 on Thursday. The stock has a market cap of $1,390.91, a P/E ratio of -6.74 and a beta of 0.84. The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 5.04. SeaWorld Entertainment has a 1-year low of $10.42 and a 1-year high of $20.13.

TRADEMARK VIOLATION WARNING: “Zacks: Brokerages Expect SeaWorld Entertainment Inc (SEAS) Will Post Earnings of -$0.18 Per Share” was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.thelincolnianonline.com/2018/02/22/zacks-brokerages-expect-seaworld-entertainment-inc-seas-will-post-earnings-of-0-18-per-share.html.

SeaWorld Entertainment Company Profile

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.

Get a free copy of the Zacks research report on SeaWorld Entertainment (SEAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SeaWorld Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply