SeaWorld Entertainment (NYSE:SEAS) Issues Earnings Results

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SeaWorld Entertainment (NYSE:SEAS) posted its quarterly earnings results on Thursday. The company reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.15), Briefing.com reports. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. The business had revenue of $473.70 million during the quarter, compared to analysts’ expectations of $488.84 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year.

NYSE:SEAS traded up $0.68 during mid-day trading on Friday, hitting $29.28. 1,951,536 shares of the company traded hands, compared to its average volume of 1,552,949. The stock’s fifty day moving average price is $26.88 and its 200-day moving average price is $29.04. SeaWorld Entertainment has a one year low of $21.36 and a one year high of $34.72. The company has a quick ratio of 0.25, a current ratio of 0.34 and a debt-to-equity ratio of 12.28. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 2.35 and a beta of 1.17.

In other SeaWorld Entertainment news, insider Marc Swanson sold 5,827 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $29.98, for a total transaction of $174,693.46. Following the completion of the sale, the insider now owns 113,962 shares of the company’s stock, valued at $3,416,580.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

SEAS has been the subject of several recent analyst reports. Bank of America set a $22.00 price target on SeaWorld Entertainment and gave the stock a “sell” rating in a research note on Tuesday, September 17th. TheStreet upgraded SeaWorld Entertainment from a “c” rating to a “b-” rating in a research note on Tuesday, August 6th. Stifel Nicolaus set a $37.00 price target on SeaWorld Entertainment and gave the stock a “buy” rating in a research note on Thursday, October 10th. ValuEngine cut SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Goldman Sachs Group set a $37.00 price objective on SeaWorld Entertainment and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. SeaWorld Entertainment presently has a consensus rating of “Hold” and an average price target of $32.01.

SeaWorld 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 SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Earnings History for SeaWorld Entertainment (NYSE:SEAS)

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