Brokerages Expect SeaWorld Parks & Entertainment (SEAS) to Announce -$0.77 EPS

Wall Street brokerages predict that SeaWorld Parks & Entertainment (NYSE:SEAS) will report ($0.77) earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for SeaWorld Parks & Entertainment’s earnings. The highest EPS estimate is ($0.69) and the lowest is ($0.87). SeaWorld Parks & Entertainment reported earnings per share of ($0.66) during the same quarter last year, which suggests a negative year-over-year growth rate of 16.7%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, May 8th.

On average, analysts expect that SeaWorld Parks & Entertainment will report full year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.62. For the next year, analysts anticipate that the company will report earnings of $0.44 per share, with EPS estimates ranging from $0.18 to $0.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow SeaWorld Parks & Entertainment.

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SeaWorld Parks & Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, February 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.06). The company had revenue of $265.50 million for the quarter, compared to the consensus estimate of $258.97 million. SeaWorld Parks & Entertainment had a positive return on equity of 23.42% and a negative net margin of 16.02%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) earnings per share.

Several research analysts recently issued reports on SEAS shares. ValuEngine raised shares of SeaWorld Parks & Entertainment from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of SeaWorld Parks & Entertainment from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, March 1st. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price (up from $17.00) on shares of SeaWorld Parks & Entertainment in a research note on Wednesday, February 28th. Citigroup increased their target price on shares of SeaWorld Parks & Entertainment from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, March 9th. Finally, Macquarie lowered shares of SeaWorld Parks & Entertainment from a “neutral” rating to an “underperform” rating and set a $10.00 target price on the stock. in a research note on Friday, March 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.30.

In other SeaWorld Parks & Entertainment news, Director Thomas E. Moloney bought 2,000 shares of SeaWorld Parks & Entertainment stock in a transaction dated Thursday, March 15th. The stock was purchased at an average price of $14.40 per share, for a total transaction of $28,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hill Path Capital Partners Co- bought 409,900 shares of SeaWorld Parks & Entertainment stock in a transaction dated Thursday, March 8th. The stock was acquired at an average price of $14.63 per share, with a total value of $5,996,837.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 561,900 shares of company stock valued at $8,182,637. 3.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in shares of SeaWorld Parks & Entertainment by 19.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,577,455 shares of the company’s stock worth $48,546,000 after purchasing an additional 576,620 shares in the last quarter. Fairpointe Capital LLC bought a new position in shares of SeaWorld Parks & Entertainment in the fourth quarter valued at approximately $2,198,000. MetLife Investment Advisors LLC bought a new position in shares of SeaWorld Parks & Entertainment in the fourth quarter valued at approximately $436,000. Gotham Asset Management LLC bought a new position in shares of SeaWorld Parks & Entertainment in the fourth quarter valued at approximately $408,000. Finally, Element Capital Management LLC bought a new position in shares of SeaWorld Parks & Entertainment in the fourth quarter valued at approximately $5,389,000. Hedge funds and other institutional investors own 96.46% of the company’s stock.

Shares of NYSE SEAS opened at $15.89 on Friday. The firm has a market cap of $1,432.73, a P/E ratio of 75.67 and a beta of 0.79. SeaWorld Parks & Entertainment has a 12-month low of $10.42 and a 12-month high of $19.23. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.35 and a current ratio of 0.47.

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SeaWorld Parks & Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

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