$0.53 EPS Expected for SeaWorld Entertainment Inc (NYSE:SEAS) This Quarter

Brokerages forecast that SeaWorld Entertainment Inc (NYSE:SEAS) will report earnings per share (EPS) of $0.53 for the current quarter, Zacks reports. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.64. SeaWorld Entertainment posted earnings per share of $0.34 in the same quarter last year, which indicates a positive year over year growth rate of 55.9%. The company is expected to issue its next quarterly earnings results on Monday, August 5th.

According to Zacks, analysts expect that SeaWorld Entertainment will report full year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.63. For the next fiscal year, analysts forecast that the company will post earnings of $1.66 per share, with EPS estimates ranging from $0.94 to $2.09. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, May 7th. The company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.62) by $0.18. The business had revenue of $220.60 million during the quarter, compared to analysts’ expectations of $215.91 million. SeaWorld Entertainment had a net margin of 5.13% and a return on equity of 31.65%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.73) earnings per share.

A number of brokerages have recently commented on SEAS. Macquarie upgraded shares of SeaWorld Entertainment from a “neutral” rating to an “outperform” rating and set a $26.12 target price for the company in a research report on Friday, March 8th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Saturday, March 2nd. Wedbush raised their price objective on shares of SeaWorld Entertainment from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. TheStreet cut shares of SeaWorld Entertainment from a “b-” rating to a “c” rating in a research report on Friday, March 29th. Finally, B. Riley set a $36.00 price objective on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $32.41.

In other SeaWorld Entertainment news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of SeaWorld Entertainment stock in a transaction dated Monday, May 27th. The shares were sold at an average price of $26.71, for a total transaction of $502,945,934.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SEAS. Quantamental Technologies LLC purchased a new position in shares of SeaWorld Entertainment in the fourth quarter valued at approximately $31,000. Advisor Group Inc. boosted its stake in shares of SeaWorld Entertainment by 47.7% in the fourth quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock valued at $35,000 after purchasing an additional 515 shares during the period. Enlightenment Research LLC purchased a new position in shares of SeaWorld Entertainment in the fourth quarter valued at approximately $38,000. Signaturefd LLC purchased a new position in shares of SeaWorld Entertainment in the first quarter valued at approximately $57,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of SeaWorld Entertainment in the fourth quarter valued at approximately $81,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

Shares of NYSE SEAS traded down $0.03 during mid-day trading on Friday, reaching $30.14. The company’s stock had a trading volume of 55,253 shares, compared to its average volume of 2,049,930. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.96 and a beta of 1.14. The company has a quick ratio of 0.31, a current ratio of 0.41 and a debt-to-equity ratio of 7.15. SeaWorld Entertainment has a 1-year low of $20.47 and a 1-year high of $32.73.

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.

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

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