SeaWorld Parks & Entertainment (NYSE:SEAS) has received an average recommendation of “Hold” from the fourteen research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.22.
A number of analysts recently issued reports on the company. Zacks Investment Research raised SeaWorld Parks & Entertainment from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, March 1st. Citigroup increased their price objective on SeaWorld Parks & Entertainment from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, March 9th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price objective (up previously from $17.00) on shares of SeaWorld Parks & Entertainment in a report on Wednesday, February 28th. ValuEngine cut SeaWorld Parks & Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Macquarie cut SeaWorld Parks & Entertainment from a “neutral” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a report on Friday, March 2nd.
In other SeaWorld Parks & Entertainment news, Director Thomas E. Moloney purchased 2,000 shares of the stock in a transaction on Thursday, March 15th. The shares were purchased at an average price of $14.40 per share, with a total value of $28,800.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Hill Path Capital Partners Co- purchased 150,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $14.38 per share, for a total transaction of $2,157,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 561,900 shares of company stock worth $8,182,637. Insiders own 3.80% of the company’s stock.
SEAS traded down $0.10 during trading on Thursday, reaching $15.36. 662,832 shares of the company were exchanged, compared to its average volume of 1,969,829. The stock has a market capitalization of $1,409.25, a price-to-earnings ratio of 73.76 and a beta of 0.79. 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 Parks & Entertainment has a 12-month low of $10.42 and a 12-month high of $19.23.
SeaWorld Parks & Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The company had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $258.97 million. SeaWorld Parks & Entertainment had a positive return on equity of 23.42% and a negative net margin of 16.02%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company posted ($0.14) EPS. research analysts forecast that SeaWorld Parks & Entertainment will post 0.35 earnings per share for the current fiscal year.
SeaWorld Parks & Entertainment Company Profile
SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.
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