Six Flags Entertainment (FUN) Expected to Announce Quarterly Earnings on Wednesday

Six Flags Entertainment (NYSE:FUN) is expected to be announcing its results before the market opens on Wednesday, November 5th. Analysts expect the company to announce earnings of $2.27 per share and revenue of $1.3430 billion for the quarter.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.53). The company had revenue of $930.39 million during the quarter, compared to analysts’ expectations of $999.82 million. Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The business’s revenue was up 62.8% on a year-over-year basis. On average, analysts expect Six Flags Entertainment to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Six Flags Entertainment Price Performance

NYSE:FUN opened at $25.99 on Wednesday. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -5.36 and a beta of 0.71. The company has a 50 day moving average price of $23.16 and a 200-day moving average price of $28.85. Six Flags Entertainment has a 1-year low of $20.00 and a 1-year high of $49.77.

Analyst Upgrades and Downgrades

FUN has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Six Flags Entertainment from $30.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Citigroup dropped their target price on Six Flags Entertainment from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 10th. Mizuho cut their price target on Six Flags Entertainment from $36.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. UBS Group reduced their price target on Six Flags Entertainment from $40.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, August 19th. Finally, Capital One Financial set a $28.00 price target on Six Flags Entertainment in a research report on Tuesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.21.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 722 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after acquiring an additional 586 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Six Flags Entertainment by 10.6% during the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock valued at $283,000 after acquiring an additional 888 shares during the last quarter. State of Wyoming lifted its position in shares of Six Flags Entertainment by 100.2% in the second quarter. State of Wyoming now owns 9,746 shares of the company’s stock valued at $297,000 after acquiring an additional 4,877 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Six Flags Entertainment by 364.4% in the second quarter. Tower Research Capital LLC TRC now owns 11,295 shares of the company’s stock worth $344,000 after acquiring an additional 8,863 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.