Six Flags Entertainment Corp (NYSE:SIX) – Research analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for Six Flags Entertainment in a note issued to investors on Wednesday, January 9th. KeyCorp analyst B. Andress expects that the company will earn ($0.71) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $69.00 price target on the stock. KeyCorp also issued estimates for Six Flags Entertainment’s Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $2.13 EPS and Q4 2019 earnings at $0.40 EPS.
Six Flags Entertainment (NYSE:SIX) last released its earnings results on Tuesday, October 23rd. The company reported $2.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.16). The firm had revenue of $619.82 million during the quarter, compared to the consensus estimate of $633.03 million. Six Flags Entertainment had a net margin of 20.30% and a negative return on equity of 35.16%.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. SunTrust Banks dropped their price objective on Six Flags Entertainment to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. B. Riley dropped their price objective on Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Oppenheimer set a $80.00 price objective on Six Flags Entertainment and gave the stock a “buy” rating in a research note on Thursday, November 15th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $68.78.
NYSE SIX opened at $60.88 on Friday. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 28.58 and a beta of 1.24. Six Flags Entertainment has a 52 week low of $49.79 and a 52 week high of $73.38.
A number of institutional investors and hedge funds have recently bought and sold shares of SIX. Capital World Investors bought a new stake in Six Flags Entertainment in the 3rd quarter valued at $167,568,000. FMR LLC bought a new stake in Six Flags Entertainment in the 2nd quarter valued at $41,914,000. Bank of New York Mellon Corp grew its holdings in Six Flags Entertainment by 16.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,020,972 shares of the company’s stock valued at $141,104,000 after buying an additional 288,077 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in Six Flags Entertainment by 7,300.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 208,703 shares of the company’s stock valued at $2,989,000 after buying an additional 205,883 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Six Flags Entertainment by 3.5% in the 3rd quarter. William Blair Investment Management LLC now owns 4,949,544 shares of the company’s stock valued at $345,578,000 after buying an additional 165,157 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.
About Six Flags Entertainment
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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