Wedbush Equities Analysts Raise Earnings Estimates for SeaWorld Entertainment Inc (SEAS)

SeaWorld Entertainment Inc (NYSE:SEAS) – Analysts at Wedbush boosted their FY2018 earnings per share (EPS) estimates for SeaWorld Entertainment in a note issued to investors on Tuesday, November 6th. Wedbush analyst J. Hardiman now expects that the company will post earnings per share of $0.64 for the year, up from their prior forecast of $0.60. Wedbush currently has a “Hold” rating and a $24.00 target price on the stock.

SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results 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 net margin of 2.61% and a return on equity of 23.51%. The company had revenue of $483.20 million during the quarter, compared to the consensus estimate of $479.67 million. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year.

A number of other analysts have also commented on SEAS. Zacks Investment Research upgraded SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Saturday, September 29th. Janney Montgomery Scott lifted their price target on SeaWorld Entertainment from $31.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. SunTrust Banks lifted their price target on SeaWorld Entertainment to $36.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Stifel Nicolaus lifted their price target on SeaWorld Entertainment from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Finally, Citigroup lifted their price target on SeaWorld Entertainment from $15.00 to $20.00 and gave the stock a “sell” rating in a report on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $30.25.

SEAS stock opened at $25.60 on Friday. SeaWorld Entertainment has a twelve month low of $10.42 and a twelve month high of $32.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.34 and a current ratio of 0.44. The company has a market capitalization of $2.24 billion, a PE ratio of 36.40 and a beta of 1.00.

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 stock was sold at an average price of $25.51, for a total value of $226,426.76. Following the sale, the insider now directly owns 52,046 shares in the company, valued at $1,327,693.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of SeaWorld Entertainment by 3.6% in the second quarter. BlackRock Inc. now owns 4,325,521 shares of the company’s stock valued at $94,382,000 after buying an additional 150,484 shares during the period. Davidson Kempner Capital Management LP raised its stake in shares of SeaWorld Entertainment by 82.9% in the second quarter. Davidson Kempner Capital Management LP now owns 1,682,600 shares of the company’s stock valued at $36,714,000 after buying an additional 762,445 shares during the period. Emerald Advisers Inc. PA raised its stake in shares of SeaWorld Entertainment by 14.2% in the third quarter. Emerald Advisers Inc. PA now owns 1,074,433 shares of the company’s stock valued at $33,769,000 after buying an additional 133,560 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in shares of SeaWorld Entertainment by 10.4% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 895,580 shares of the company’s stock valued at $28,148,000 after buying an additional 84,216 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of SeaWorld Entertainment by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 813,174 shares of the company’s stock valued at $17,744,000 after buying an additional 35,692 shares during the period. Hedge funds and other institutional investors own 83.98% of the company’s stock.

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.

Further Reading: Why is the ex-dividend date different from the record date?

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

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