KeyCorp Weighs in on Six Flags Entertainment Co.’s Q2 2021 Earnings (NYSE:SIX)


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Six Flags Entertainment Co. (NYSE:SIX) – Equities researchers at KeyCorp increased their Q2 2021 EPS estimates for Six Flags Entertainment in a research report issued on Wednesday, April 28th. KeyCorp analyst B. Andress now forecasts that the company will earn $0.12 per share for the quarter, up from their previous forecast of ($0.50). KeyCorp has a “Overweight” rating and a $55.00 price target on the stock. KeyCorp also issued estimates for Six Flags Entertainment’s Q3 2021 earnings at $1.28 EPS, Q4 2021 earnings at ($0.17) EPS and FY2021 earnings at $0.10 EPS.

A number of other equities analysts have also recently commented on the company. Macquarie lifted their target price on Six Flags Entertainment from $51.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Wedbush raised their price target on Six Flags Entertainment from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, March 12th. Jefferies Financial Group raised their price target on Six Flags Entertainment from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, April 29th. B. Riley raised their price target on Six Flags Entertainment from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, April 29th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their price target on Six Flags Entertainment from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, March 24th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.42.

Shares of Six Flags Entertainment stock opened at $44.29 on Monday. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of -10.75 and a beta of 2.45. The stock has a 50 day moving average price of $47.68 and a 200-day moving average price of $37.64. Six Flags Entertainment has a one year low of $16.06 and a one year high of $51.75.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Tuesday, April 27th. The company reported ($1.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.29) by $0.17. The company had revenue of $82.00 million during the quarter, compared to analysts’ expectations of $48.03 million. Six Flags Entertainment’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.00) EPS.

Several large investors have recently made changes to their positions in SIX. Norges Bank purchased a new position in shares of Six Flags Entertainment in the 4th quarter valued at $31,427,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Six Flags Entertainment by 2,302.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 895,901 shares of the company’s stock valued at $30,550,000 after acquiring an additional 858,607 shares during the period. Bamco Inc. NY purchased a new position in shares of Six Flags Entertainment in the 4th quarter valued at $23,240,000. Maple Rock Capital Partners Inc. purchased a new position in shares of Six Flags Entertainment in the 4th quarter valued at $22,847,000. Finally, Baillie Gifford & Co. purchased a new position in shares of Six Flags Entertainment in the 4th quarter valued at $21,647,000. Institutional investors and hedge funds own 80.87% of the company’s stock.

In other Six Flags Entertainment news, Director Kurt Matthew Cellar sold 13,500 shares of Six Flags Entertainment stock in a transaction on Monday, March 8th. The stock was sold at an average price of $50.10, for a total transaction of $676,350.00. Following the completion of the sale, the director now directly owns 68,003 shares of the company’s stock, valued at approximately $3,406,950.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.97% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. As of March 18, 2021, the company operated 26 parks in the United States, Mexico, and Canada.

Further Reading: What are some reasons analysts would give stocks a buy rating?

Earnings History and Estimates for Six Flags Entertainment (NYSE:SIX)

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