SunTrust Banks Weighs in on SeaWorld Entertainment Inc’s FY2018 Earnings (SEAS)

SeaWorld Entertainment Inc (NYSE:SEAS) – Investment analysts at SunTrust Banks increased their FY2018 EPS estimates for shares of SeaWorld Entertainment in a research note issued on Monday, November 5th. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings per share of $0.71 for the year, up from their previous forecast of $0.45. SunTrust Banks has a “Buy” rating and a $36.00 price objective on the stock. SunTrust Banks also issued estimates for SeaWorld Entertainment’s Q4 2018 earnings at ($0.14) EPS, Q3 2019 earnings at $1.25 EPS, Q4 2019 earnings at ($0.07) EPS and FY2019 earnings at $1.10 EPS.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Monday, November 5th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). SeaWorld Entertainment had a return on equity of 23.51% and a net margin of 2.61%. The firm had revenue of $483.20 million during the quarter, compared to analyst estimates of $479.67 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. SeaWorld Entertainment’s quarterly revenue was up 10.4% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the stock. TheStreet upgraded shares of SeaWorld Entertainment from a “c” rating to a “b-” rating in a research note on Tuesday, August 7th. Stifel Nicolaus reiterated a “buy” rating and set a $35.00 target price (up from $27.00) on shares of SeaWorld Entertainment in a research note on Monday, August 6th. Zacks Investment Research cut shares of SeaWorld Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Janney Montgomery Scott upped their target price on shares of SeaWorld Entertainment from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Finally, B. Riley upped their target price on shares of SeaWorld Entertainment from $17.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.25.

NYSE:SEAS opened at $25.60 on Thursday. The firm has a market cap of $2.24 billion, a P/E ratio of 121.90 and a beta of 1.00. SeaWorld Entertainment has a one year low of $10.42 and a one year high of $32.47. The company has a quick ratio of 0.34, a current ratio of 0.44 and a debt-to-equity ratio of 5.54.

In other SeaWorld Entertainment news, insider Christopher Dold sold 8,876 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $25.51, for a total value of $226,426.76. Following the sale, the insider now owns 52,046 shares of the company’s stock, valued at approximately $1,327,693.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in SEAS. Massey Quick Simon & CO. LLC bought a new stake in SeaWorld Entertainment in the 2nd quarter valued at $141,000. Cubist Systematic Strategies LLC increased its holdings in SeaWorld Entertainment by 99.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 10,200 shares of the company’s stock valued at $151,000 after buying an additional 5,080 shares during the period. Advisors Preferred LLC bought a new stake in SeaWorld Entertainment in the 2nd quarter valued at $173,000. Stifel Financial Corp bought a new stake in SeaWorld Entertainment in the 1st quarter valued at $176,000. Finally, Cerebellum GP LLC bought a new stake in SeaWorld Entertainment in the 3rd quarter valued at $186,000. 83.98% 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 marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

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

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