Six Flags Entertainment (SIX) will release quarterly results on Thursday

Six Flags Entertainment (NYSE:SIX – Get Rating) will report its results before the market opens on Thursday, November 10th. Analysts expect the company to report earnings of $1.77 per share for the quarter. Investors interested in registering for the company’s conference call can do so through this link.

Six Flags Entertainment (NYSE:SIX – Get Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported earnings per share of $0.69 for the quarter, falling short of analyst consensus estimates of $0.98 ($0.29). The company had revenue of $435.40 million for the quarter, compared to analyst estimates of $518.50 million. Six Flags Entertainment had a net margin of 8.83% and a negative return on equity of 14.53%. The company’s quarterly revenue fell 5.3% year over year. In the same period last year, the company earned $0.81 per share. On average, analysts expect Six Flags Entertainment to post earnings per share of $2 for the current fiscal year and $2 for the next fiscal year.

Six Flags Entertainment value for money

NYSE:SIX opened at $21.16 on Thursday. The company has a 50-day simple moving average of $21.04 and a 200-day simple moving average of $25.05. The company has a market cap of $1.76 billion, a P/E of 13.65 and a beta of 2.15. Six Flags Entertainment has a 1 year low of $16.83 and a 1 year high of $47.24.

Insider activity at Six Flags Entertainment

In related news, major shareholder Rehan Jaffer acquired 250,000 shares of the company’s stock in a transaction that took place on Monday, August 15. The shares were purchased at an average price of $24.41 per share for a total value of $6,102,500.00. Following the closing of the acquisition, the insider now directly owns 10,000,000 shares of the company’s stock valued at approximately $244,100,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In addition, Director Arik W. Ruchim acquired 50,000 shares of the stock in a transaction dated Monday, September 12. The stock was acquired at an average price of $23.89 per share for a total transaction of $1,194,500.00. Upon completion of the transaction, the Director now owns 10,550,000 shares of the Company, valued at $252,039,500. The purchase was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, major shareholder Rehan Jaffer bought 250,000 shares of the company’s stock in a transaction that took place on Monday, August 15. The stock was purchased at an average price of $24.41 per share for a total value of $6,102,500.00. Following the transaction, the insider now directly owns 10,000,000 shares of the company, valued at $244,100,000. The disclosure for this purchase can be found here. Insiders have bought 1,229,175 shares of the company’s shares worth $28,809,899 over the past ninety days. Company insiders own 0.41% of the company’s shares.

Hedge funds rely on Six Flags Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. bought a new position in Six Flags Entertainment stock valued at approximately $729,000 during the first quarter. Dynamic Technology Lab Private Ltd acquired a new position in Six Flags Entertainment stock valued at approximately $628,000 during the first quarter. Quantbot Technologies LP acquired a new position in Six Flags Entertainment stock valued at approximately $503,000 during the first quarter. The Canada Pension Plan Investment Board bought a new position in Six Flags Entertainment stock valued at about $446,000 during the first quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Six Flags Entertainment worth approximately $354,000 during the first quarter. Institutional investors own 92.10% of the company’s shares.

Wall Street analyst ponders

SIX has been the subject of a number of new analyst reports. Deutsche Bank Aktiengesellschaft lowered its target price on shares of Six Flags Entertainment from $38.00 to $32.00 in a report Wednesday. Truist Financial lowered its price target on shares of Six Flags Entertainment to $18.00 from $20.00 and gave the company a “hold” rating in a report on Wednesday, October 5. Credit Suisse Group lowered its target price on shares of Six Flags Entertainment from USD 44.00 to USD 40.00 and gave the company a “Outperform” rating in a report on Thursday, September 1st. Rosenblatt Securities lowered its target price on shares of Six Flags Entertainment to $28.00 from $56.00 and gave the company a buy rating in a report on Friday, August 12. Finally, Stifel Nicolaus increased his target price on shares of Six Flags Entertainment to $30.00 from $28.00 and gave the company a “buy” rating in a report on Monday, September 26. Five equities research analysts have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Six Flags Entertainment currently has an average rating of Moderate Buy and a consensus price target of $31.00.

About Six Flags Entertainment

(received rating)

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. Its parks offer a variety of rides, water attractions, themed areas, concerts and shows, restaurants, gaming venues, and retail outlets. The Company also sells food, beverages, merchandise and other products and services at its parks.

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Earnings History for Six Flags Entertainment (NYSE:SIX)

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