Brokerages forecast that SeaWorld Entertainment Inc (NYSE:SEAS) will report $197.10 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for SeaWorld Entertainment’s earnings, with the lowest sales estimate coming in at $191.20 million and the highest estimate coming in at $207.70 million. SeaWorld Entertainment posted sales of $186.36 million in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The company is expected to announce its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that SeaWorld Entertainment will report full-year sales of $197.10 million for the current fiscal year, with estimates ranging from $1.26 billion to $1.30 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.30 billion per share, with estimates ranging from $1.26 billion to $1.34 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover SeaWorld Entertainment.
SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.06). SeaWorld Entertainment had a negative net margin of 16.02% and a positive return on equity of 23.42%. The business had revenue of $265.50 million for the quarter, compared to the consensus estimate of $258.97 million. During the same quarter in the prior year, the business posted ($0.14) earnings per share. SeaWorld Entertainment’s revenue for the quarter was down .8% on a year-over-year basis.
In other news, major shareholder Hill Path Capital Partners Co- bought 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average price of $14.38 per share, with a total value of $2,157,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.
A number of large investors have recently bought and sold shares of SEAS. Sterling Capital Management LLC lifted its position in SeaWorld Entertainment by 22,754.8% during the third quarter. Sterling Capital Management LLC now owns 3,000,835 shares of the company’s stock valued at $38,980,000 after acquiring an additional 2,987,705 shares during the last quarter. Neuberger Berman Group LLC lifted its position in SeaWorld Entertainment by 2,066.8% during the third quarter. Neuberger Berman Group LLC now owns 2,416,023 shares of the company’s stock valued at $31,384,000 after acquiring an additional 2,304,523 shares during the last quarter. Millennium Management LLC lifted its position in SeaWorld Entertainment by 2,026.0% during the fourth quarter. Millennium Management LLC now owns 2,377,853 shares of the company’s stock valued at $32,267,000 after acquiring an additional 2,266,005 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in SeaWorld Entertainment during the fourth quarter valued at approximately $21,163,000. Finally, ING Groep NV purchased a new stake in SeaWorld Entertainment during the third quarter valued at approximately $6,495,000. 96.43% of the stock is owned by institutional investors.
SeaWorld Entertainment (NYSE SEAS) opened at $14.69 on Tuesday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.35 and a current ratio of 0.47. SeaWorld Entertainment has a one year low of $10.42 and a one year high of $19.24. The stock has a market cap of $1,315.30, a P/E ratio of 17.54 and a beta of 0.83.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SeaWorld Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.