Zacks: Brokerages Anticipate Six Flags Entertainment Corporation New (SIX) Will Post Quarterly Sales of $588.48 Million

Analysts predict that Six Flags Entertainment Corporation New (NYSE:SIX) will post $588.48 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Six Flags Entertainment Corporation New’s earnings, with estimates ranging from $564.70 million to $612.00 million. Six Flags Entertainment Corporation New posted sales of $557.60 million in the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, October 25th.

On average, analysts expect that Six Flags Entertainment Corporation New will report full year sales of $588.48 million for the current financial year, with estimates ranging from $1.34 billion to $1.39 billion. For the next financial year, analysts anticipate that the business will report sales of $1.44 billion per share, with estimates ranging from $1.43 billion to $1.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Six Flags Entertainment Corporation New.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.11). Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The company had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis.

Several research firms recently issued reports on SIX. Macquarie lowered shares of Six Flags Entertainment Corporation New from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 price target on shares of Six Flags Entertainment Corporation New in a research report on Thursday, October 12th. Wedbush reissued an “outperform” rating and issued a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research report on Tuesday, June 20th. FBR & Co reissued a “buy” rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, July 19th. Finally, KeyCorp began coverage on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, August 30th. They issued an “overweight” rating and a $59.00 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Six Flags Entertainment Corporation New has an average rating of “Buy” and an average target price of $66.60.

In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total transaction of $2,797,785.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jon L. Luther acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the purchase, the director now directly owns 53,511 shares of the company’s stock, valued at approximately $2,813,608.38. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Eqis Capital Management Inc. grew its stake in Six Flags Entertainment Corporation New by 5.9% during the third quarter. Eqis Capital Management Inc. now owns 30,442 shares of the company’s stock worth $1,855,000 after buying an additional 1,696 shares during the last quarter. Davidson Kempner Capital Management LP grew its stake in Six Flags Entertainment Corporation New by 438.3% during the second quarter. Davidson Kempner Capital Management LP now owns 740,223 shares of the company’s stock worth $44,125,000 after buying an additional 602,723 shares during the last quarter. Intl Fcstone Inc. bought a new stake in Six Flags Entertainment Corporation New during the second quarter worth about $1,164,000. Cetera Investment Advisers bought a new stake in Six Flags Entertainment Corporation New during the second quarter worth about $315,000. Finally, Public Employees Retirement System of Ohio grew its stake in Six Flags Entertainment Corporation New by 3.5% during the second quarter. Public Employees Retirement System of Ohio now owns 35,214 shares of the company’s stock worth $2,099,000 after buying an additional 1,185 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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Six Flags Entertainment Corporation New (NYSE SIX) opened at 61.51 on Tuesday. The firm has a market capitalization of $5.26 billion, a P/E ratio of 57.17 and a beta of 1.16. The firm has a 50-day moving average price of $57.51 and a 200-day moving average price of $58.51. Six Flags Entertainment Corporation New has a 52 week low of $50.52 and a 52 week high of $65.19.

Six Flags Entertainment Corporation New Company Profile

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.

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

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