Brokers Issue Forecasts for Six Flags Entertainment Corporation New’s Q3 2017 Earnings (NYSE:SIX)

Six Flags Entertainment Corporation New (NYSE:SIX) – Stock analysts at William Blair decreased their Q3 2017 earnings per share estimates for Six Flags Entertainment Corporation New in a note issued to investors on Wednesday. William Blair analyst R. Sundby now expects that the company will earn $1.80 per share for the quarter, down from their previous estimate of $1.84. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Six Flags Entertainment Corporation New’s FY2018 earnings at $2.28 EPS.

Several other brokerages also recently issued reports on SIX. Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Friday, July 14th. B. Riley restated a “buy” rating and set a $67.00 price objective on shares of Six Flags Entertainment Corporation New in a research report on Saturday, April 29th. Zacks Investment Research upgraded shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. BidaskClub downgraded shares of Six Flags Entertainment Corporation New from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Wedbush cut their price objective on shares of Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $66.55.

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Six Flags Entertainment Corporation New (NYSE SIX) opened at 57.99 on Friday. The firm has a market cap of $5.25 billion, a PE ratio of 50.82 and a beta of 1.15. Six Flags Entertainment Corporation New has a 12-month low of $47.61 and a 12-month high of $65.19. The firm has a 50-day moving average price of $58.66 and a 200 day moving average price of $59.88.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by $0.11. The firm had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 8.26% and a negative return on equity of 89.39%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in SIX. Creative Planning boosted its position in shares of Six Flags Entertainment Corporation New by 39.8% in the first quarter. Creative Planning now owns 2,218 shares of the company’s stock worth $132,000 after buying an additional 631 shares during the period. Washington Trust Bank boosted its position in shares of Six Flags Entertainment Corporation New by 11.6% in the first quarter. Washington Trust Bank now owns 2,225 shares of the company’s stock worth $132,000 after buying an additional 231 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Six Flags Entertainment Corporation New during the first quarter worth about $149,000. Parametrica Management Ltd purchased a new position in shares of Six Flags Entertainment Corporation New during the second quarter worth about $205,000. Finally, World Asset Management Inc purchased a new position in shares of Six Flags Entertainment Corporation New during the first quarter worth about $209,000. 87.05% of the stock is currently owned by institutional investors and hedge funds.

About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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