Six Flags Entertainment (NYSE:SIX) Announces Quarterly Earnings Results, Misses Expectations By $0.30 EPS

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Six Flags Entertainment (NYSE:SIX) announced its quarterly earnings data on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30), Briefing.com reports. Six Flags Entertainment had a net margin of 12.04% and a negative return on equity of 26.50%. The business had revenue of $261.00 million for the quarter, compared to analysts’ expectations of $260.11 million. During the same period in the prior year, the company posted $0.93 EPS. The firm’s revenue was down 3.2% on a year-over-year basis.

Six Flags Entertainment stock opened at $32.63 on Friday. The firm has a 50 day simple moving average of $38.56 and a 200-day simple moving average of $46.71. Six Flags Entertainment has a 1-year low of $29.96 and a 1-year high of $59.52. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 3.06%. Six Flags Entertainment’s dividend payout ratio (DPR) is 148.21%.

Several research firms have recently weighed in on SIX. Wedbush dropped their price target on shares of Six Flags Entertainment from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday. Zacks Investment Research raised shares of Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 25th. SunTrust Banks reissued a “hold” rating and issued a $32.00 price target on shares of Six Flags Entertainment in a research note on Friday. ValuEngine raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Co dropped their price target on shares of Six Flags Entertainment from to and set an “underweight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Six Flags Entertainment has an average rating of “Hold” and an average price target of $39.10.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags 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 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Earnings History for Six Flags Entertainment (NYSE:SIX)

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