SeaWorld Entertainment, Inc. (NYSE:SEAS) Expected to Announce Quarterly Sales of $121.60 Million


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Analysts forecast that SeaWorld Entertainment, Inc. (NYSE:SEAS) will announce $121.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for SeaWorld Entertainment’s earnings, with the lowest sales estimate coming in at $109.50 million and the highest estimate coming in at $133.20 million. SeaWorld Entertainment posted sales of $153.56 million during the same quarter last year, which would indicate a negative year over year growth rate of 20.8%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, May 6th.

According to Zacks, analysts expect that SeaWorld Entertainment will report full year sales of $1.01 billion for the current fiscal year, with estimates ranging from $944.90 million to $1.06 billion. For the next year, analysts forecast that the company will post sales of $1.41 billion, with estimates ranging from $1.37 billion to $1.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Thursday, February 25th. The company reported ($0.58) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.66) by $0.08. SeaWorld Entertainment had a negative return on equity of 352.53% and a negative net margin of 50.54%. The company had revenue of $154.08 million for the quarter, compared to analysts’ expectations of $126.94 million.

A number of brokerages have issued reports on SEAS. Credit Suisse Group lifted their price target on shares of SeaWorld Entertainment from $34.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, March 1st. B. Riley upped their price objective on SeaWorld Entertainment from $53.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, March 8th. They noted that the move was a valuation call. Truist increased their price target on shares of SeaWorld Entertainment from $38.00 to $54.00 in a report on Friday, February 26th. Stifel Nicolaus raised their price target on SeaWorld Entertainment from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, April 20th. Finally, Zacks Investment Research raised shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, April 28th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. SeaWorld Entertainment has an average rating of “Buy” and an average target price of $43.93.

Shares of SEAS stock traded up $0.47 during mid-day trading on Thursday, hitting $53.65. The company had a trading volume of 756,483 shares, compared to its average volume of 1,102,874. The company has a debt-to-equity ratio of 220.00, a current ratio of 1.60 and a quick ratio of 1.50. The stock’s 50 day moving average price is $51.58 and its 200-day moving average price is $36.77. SeaWorld Entertainment has a 52-week low of $11.50 and a 52-week high of $57.57. The company has a market capitalization of $4.24 billion, a P/E ratio of -14.42 and a beta of 2.37.

In related news, insider Christopher Dold sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $33.00, for a total value of $66,000.00. Following the completion of the transaction, the insider now directly owns 127,715 shares of the company’s stock, valued at approximately $4,214,595. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth Gulacsy sold 2,617 shares of the business’s stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $47.69, for a total transaction of $124,804.73. Following the sale, the insider now directly owns 114,021 shares in the company, valued at approximately $5,437,661.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,363 shares of company stock valued at $2,220,370. Company insiders own 0.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Hall Laurie J Trustee raised its holdings in shares of SeaWorld Entertainment by 65.6% during the fourth quarter. Hall Laurie J Trustee now owns 1,060 shares of the company’s stock worth $33,000 after purchasing an additional 420 shares during the last quarter. Simon Quick Advisors LLC raised its stake in shares of SeaWorld Entertainment by 47.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,369 shares of the company’s stock valued at $43,000 after buying an additional 438 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of SeaWorld Entertainment by 31.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,581 shares of the company’s stock valued at $90,000 after buying an additional 1,086 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of SeaWorld Entertainment in the 4th quarter valued at about $124,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of SeaWorld Entertainment in the fourth quarter worth about $203,000. 97.81% of the stock is currently owned by institutional investors and hedge funds.

About SeaWorld Entertainment

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 and Estimates for SeaWorld Entertainment (NYSE:SEAS)

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