Equities analysts expect Six Flags (NYSE:SIX) to report $0.93 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Six Flags’ earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.98. Six Flags reported earnings of $0.59 per share during the same quarter last year, which would indicate a positive year over year growth rate of 57.6%. The business is expected to issue its next earnings report on Wednesday, July 25th.
On average, analysts expect that Six Flags will report full year earnings of $2.84 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $3.08. For the next year, analysts expect that the firm will post earnings of $3.14 per share, with EPS estimates ranging from $2.80 to $3.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Six Flags.
Get Six Flags alerts:Six Flags (NYSE:SIX) last released its quarterly earnings results on Tuesday, April 24th. The company reported ($0.74) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.79) by $0.05. The firm had revenue of $128.96 million for the quarter, compared to the consensus estimate of $118.75 million. Six Flags had a negative return on equity of 31.58% and a net margin of 19.38%. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same period last year, the business posted ($0.63) EPS.
A number of research firms have recently issued reports on SIX. Macquarie raised their price target on Six Flags from $56.00 to $58.00 and gave the stock an “underperform” rating in a research note on Thursday, April 26th. Stifel Nicolaus raised their price target on Six Flags from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 26th. Oppenheimer set a $80.00 price target on Six Flags and gave the stock a “buy” rating in a research note on Tuesday, April 24th. B. Riley raised their price target on Six Flags from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 26th. Finally, Zacks Investment Research upgraded Six Flags from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Wednesday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.55.
In related news, Chairman James Reid-Anderson sold 64,185 shares of Six Flags stock in a transaction on Friday, June 15th. The stock was sold at an average price of $72.56, for a total transaction of $4,657,263.60. Following the transaction, the chairman now directly owns 3,375,768 shares in the company, valued at $244,945,726.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 201,811 shares of company stock worth $14,401,216 over the last quarter. 6.90% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new position in shares of Six Flags in the fourth quarter valued at about $3,282,000. Millennium Management LLC bought a new stake in shares of Six Flags in the fourth quarter worth about $20,136,000. Teachers Advisors LLC increased its holdings in shares of Six Flags by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 75,132 shares of the company’s stock worth $5,002,000 after purchasing an additional 874 shares during the last quarter. BB&T Securities LLC increased its holdings in shares of Six Flags by 2.7% in the fourth quarter. BB&T Securities LLC now owns 40,300 shares of the company’s stock worth $2,682,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Six Flags in the fourth quarter worth about $10,293,000. Institutional investors and hedge funds own 94.56% of the company’s stock.
Shares of Six Flags traded up $0.50, reaching $72.70, on Friday, Marketbeat reports. The stock had a trading volume of 953,095 shares, compared to its average volume of 974,160. The company has a market cap of $6.08 billion, a P/E ratio of 34.13 and a beta of 1.13. Six Flags has a 1 year low of $51.25 and a 1 year high of $73.38. The company has a debt-to-equity ratio of -2.90, a current ratio of 0.37 and a quick ratio of 0.30.
The business also recently announced a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Thursday, May 31st were given a dividend of $0.78 per share. The ex-dividend date was Wednesday, May 30th. This represents a $3.12 annualized dividend and a yield of 4.29%. Six Flags’s dividend payout ratio (DPR) is presently 146.48%.
About Six Flags
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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