KeyCorp Equities Analysts Increase Earnings Estimates for SeaWorld Entertainment Inc (SEAS)

SeaWorld Entertainment Inc (NYSE:SEAS) – Equities researchers at KeyCorp lifted their Q2 2019 EPS estimates for SeaWorld Entertainment in a note issued to investors on Thursday, April 11th. KeyCorp analyst B. Andress now expects that the company will post earnings per share of $0.51 for the quarter, up from their previous forecast of $0.49. KeyCorp has a “Buy” rating and a $37.00 price objective on the stock. KeyCorp also issued estimates for SeaWorld Entertainment’s FY2019 earnings at $1.38 EPS and FY2020 earnings at $1.68 EPS.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Thursday, February 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). SeaWorld Entertainment had a return on equity of 28.25% and a net margin of 3.26%. The company had revenue of $280.00 million for the quarter, compared to analyst estimates of $276.09 million. During the same quarter last year, the company posted ($0.24) EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the company. TheStreet downgraded SeaWorld Entertainment from a “b-” rating to a “c” rating in a report on Friday, March 29th. B. Riley raised SeaWorld Entertainment from a “neutral” rating to a “buy” rating and raised their price objective for the company from $30.00 to $34.00 in a report on Thursday, March 28th. Citigroup raised their price objective on SeaWorld Entertainment from $21.00 to $22.00 and gave the company a “sell” rating in a report on Tuesday, March 12th. Macquarie raised SeaWorld Entertainment from a “neutral” rating to an “outperform” rating and set a $26.12 price objective on the stock in a report on Friday, March 8th. Finally, Zacks Investment Research raised SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.31.

NYSE SEAS opened at $24.14 on Monday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.36 and a current ratio of 0.47. SeaWorld Entertainment has a twelve month low of $14.69 and a twelve month high of $32.47. The firm has a market cap of $2.09 billion, a P/E ratio of 23.67, a PEG ratio of 2.77 and a beta of 1.47.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. lifted its holdings in SeaWorld Entertainment by 47.7% during the 4th quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock worth $35,000 after buying an additional 515 shares during the period. Cerebellum GP LLC lifted its holdings in SeaWorld Entertainment by 10.1% during the 4th quarter. Cerebellum GP LLC now owns 6,505 shares of the company’s stock worth $144,000 after buying an additional 596 shares during the period. Principal Financial Group Inc. lifted its holdings in SeaWorld Entertainment by 15.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,207 shares of the company’s stock worth $203,000 after buying an additional 1,212 shares during the period. Teachers Advisors LLC lifted its holdings in SeaWorld Entertainment by 1.1% during the 3rd quarter. Teachers Advisors LLC now owns 112,254 shares of the company’s stock worth $3,528,000 after buying an additional 1,215 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in SeaWorld Entertainment during the 4th quarter worth about $31,000. 84.52% of the stock is currently owned by hedge funds and other institutional investors.

SeaWorld 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 SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

See Also: Bear Market – How and Why They Occur

Earnings History and Estimates for SeaWorld Entertainment (NYSE:SEAS)

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.