Analysts predict that Six Flags (NYSE:SIX) will report $437.84 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Six Flags’ earnings, with the lowest sales estimate coming in at $428.70 million and the highest estimate coming in at $443.00 million. Six Flags reported sales of $422.37 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that Six Flags will report full year sales of $1.46 billion for the current fiscal year, with estimates ranging from $1.44 billion to $1.48 billion. For the next financial year, analysts forecast that the firm will post sales of $1.54 billion per share, with estimates ranging from $1.51 billion to $1.57 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Six Flags.
Six Flags (NYSE:SIX) last announced its earnings results on Tuesday, April 24th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.05. The firm had revenue of $128.96 million during the quarter, compared to analyst estimates of $118.75 million. Six Flags had a net margin of 19.38% and a negative return on equity of 31.58%. Six Flags’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.63) EPS.
A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Six Flags from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Macquarie increased their target price on shares of Six Flags from $56.00 to $58.00 and gave the company an “underperform” rating in a research report on Thursday, April 26th. B. Riley raised their price objective on shares of Six Flags from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Stifel Nicolaus raised their price objective on shares of Six Flags from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Finally, Zacks Investment Research upgraded shares of Six Flags from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. Six Flags presently has an average rating of “Buy” and a consensus target price of $69.55.
In other news, VP Lance C. Balk sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $65.67, for a total transaction of $6,567,000.00. Following the completion of the transaction, the vice president now owns 15,738 shares in the company, valued at approximately $1,033,514.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Marshall Barber sold 597 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $66.57, for a total transaction of $39,742.29. Following the completion of the transaction, the chief financial officer now owns 80,536 shares of the company’s stock, valued at $5,361,281.52. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Six Flags by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,961 shares of the company’s stock worth $621,000 after buying an additional 853 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Six Flags by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 75,132 shares of the company’s stock worth $5,002,000 after buying an additional 874 shares during the period. Amalgamated Bank boosted its holdings in shares of Six Flags by 6.5% in the first quarter. Amalgamated Bank now owns 14,841 shares of the company’s stock worth $924,000 after buying an additional 902 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Six Flags by 61.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,438 shares of the company’s stock worth $152,000 after buying an additional 927 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Six Flags by 8.4% in the fourth quarter. LPL Financial LLC now owns 12,097 shares of the company’s stock worth $805,000 after buying an additional 938 shares during the period. Institutional investors own 94.48% of the company’s stock.
Six Flags traded down $0.10, reaching $64.11, on Tuesday, according to Marketbeat. The company had a trading volume of 886,700 shares, compared to its average volume of 941,716. The firm has a market capitalization of $5.39 billion, a PE ratio of 30.10 and a beta of 1.13. The company has a quick ratio of 0.30, a current ratio of 0.37 and a debt-to-equity ratio of -2.90. Six Flags has a one year low of $51.25 and a one year high of $70.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.78 per share. The ex-dividend date is Wednesday, May 30th. This represents a $3.12 annualized dividend and a dividend yield of 4.87%. Six Flags’s dividend payout ratio (DPR) is 146.48%.
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.
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