$411.31 Million in Sales Expected for SeaWorld Entertainment Inc (NYSE:SEAS) This Quarter

Brokerages predict that SeaWorld Entertainment Inc (NYSE:SEAS) will announce $411.31 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for SeaWorld Entertainment’s earnings, with the lowest sales estimate coming in at $406.00 million and the highest estimate coming in at $417.40 million. SeaWorld Entertainment posted sales of $391.92 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The company is scheduled to report its next quarterly earnings results on Monday, August 5th.

On average, analysts expect that SeaWorld Entertainment will report full-year sales of $1.42 billion for the current fiscal year, with estimates ranging from $1.41 billion to $1.44 billion. For the next financial year, analysts forecast that the company will post sales of $1.47 billion, with estimates ranging from $1.43 billion to $1.49 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover SeaWorld Entertainment.

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

Several equities research analysts have recently issued reports on SEAS shares. KeyCorp set a $37.00 price objective on SeaWorld Entertainment and gave the stock a “buy” rating in a report on Friday, April 12th. Wedbush increased their target price on SeaWorld Entertainment from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Macquarie raised SeaWorld Entertainment from a “neutral” rating to an “outperform” rating and set a $26.12 target price on the stock in a research report on Friday, March 8th. B. Riley raised SeaWorld Entertainment from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $34.00 in a research report on Thursday, March 28th. Finally, Citigroup increased their target price on SeaWorld Entertainment from $21.00 to $22.00 and gave the stock a “sell” rating in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.41.

Shares of SEAS stock traded down $0.09 during mid-day trading on Tuesday, hitting $30.08. 970,443 shares of the company’s stock were exchanged, compared to its average volume of 2,078,463. SeaWorld Entertainment has a fifty-two week low of $20.47 and a fifty-two week high of $32.73. The company has a quick ratio of 0.31, a current ratio of 0.41 and a debt-to-equity ratio of 7.15. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 3.01 and a beta of 1.14.

In related news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the stock in a transaction on Monday, May 27th. The stock was sold at an average price of $26.71, for a total value of $502,945,934.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC purchased a new position in SeaWorld Entertainment in the fourth quarter valued at about $31,000. Paloma Partners Management Co raised its position in SeaWorld Entertainment by 39.5% in the fourth quarter. Paloma Partners Management Co now owns 11,536 shares of the company’s stock valued at $255,000 after purchasing an additional 3,264 shares during the period. Enlightenment Research LLC acquired a new stake in shares of SeaWorld Entertainment during the fourth quarter valued at about $38,000. Acadian Asset Management LLC grew its stake in shares of SeaWorld Entertainment by 3,379.7% during the fourth quarter. Acadian Asset Management LLC now owns 70,220 shares of the company’s stock valued at $1,551,000 after acquiring an additional 68,202 shares in the last quarter. Finally, Convergence Investment Partners LLC grew its stake in shares of SeaWorld Entertainment by 104.4% during the first quarter. Convergence Investment Partners LLC now owns 53,625 shares of the company’s stock valued at $1,381,000 after acquiring an additional 27,392 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors.

About SeaWorld Entertainment

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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