B. Riley Weighs in on Six Flags Entertainment Corp’s Q2 2019 Earnings (SIX)

Six Flags Entertainment Corp (NYSE:SIX) – Research analysts at B. Riley issued their Q2 2019 earnings per share (EPS) estimates for shares of Six Flags Entertainment in a report released on Monday, November 19th. B. Riley analyst B. Crockett expects that the company will post earnings of $1.00 per share for the quarter. B. Riley has a “Buy” rating and a $72.00 price objective on the stock.

Six Flags Entertainment (NYSE:SIX) last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.16). Six Flags Entertainment had a net margin of 20.30% and a negative return on equity of 35.16%. The firm had revenue of $619.82 million during the quarter, compared to analyst estimates of $633.03 million.

A number of other equities research analysts have also recently weighed in on SIX. Oppenheimer set a $80.00 price objective on Six Flags Entertainment and gave the company a “buy” rating in a research note on Thursday, November 15th. SunTrust Banks decreased their target price on Six Flags Entertainment to $65.00 and set a “buy” rating for the company in a report on Thursday, October 25th. KeyCorp lifted their target price on Six Flags Entertainment from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research lowered Six Flags Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $68.63.

Shares of NYSE SIX opened at $59.80 on Tuesday. Six Flags Entertainment has a twelve month low of $51.91 and a twelve month high of $73.38. The firm has a market capitalization of $5.05 billion, a PE ratio of 24.42 and a beta of 1.21.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its holdings in Six Flags Entertainment by 6.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 86,419 shares of the company’s stock worth $6,034,000 after buying an additional 5,485 shares during the last quarter. Summit Global Investments lifted its holdings in Six Flags Entertainment by 11.8% during the 3rd quarter. Summit Global Investments now owns 89,484 shares of the company’s stock worth $6,248,000 after buying an additional 9,442 shares during the last quarter. Pacific Grove Capital LP purchased a new stake in Six Flags Entertainment during the 3rd quarter worth about $2,527,000. Trafelet Brokaw Capital Management L.P. lifted its holdings in Six Flags Entertainment by 6.9% during the 3rd quarter. Trafelet Brokaw Capital Management L.P. now owns 61,926 shares of the company’s stock worth $4,324,000 after buying an additional 4,000 shares during the last quarter. Finally, Castleark Management LLC lifted its holdings in Six Flags Entertainment by 264.5% during the 3rd quarter. Castleark Management LLC now owns 6,415 shares of the company’s stock worth $448,000 after buying an additional 4,655 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

In related news, CFO Marshall Barber sold 449 shares of Six Flags Entertainment stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $65.21, for a total value of $29,279.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Catherine Aslin sold 2,425 shares of Six Flags Entertainment stock in a transaction on Monday, August 27th. The shares were sold at an average price of $66.85, for a total value of $162,111.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,934 shares of company stock valued at $195,337. 5.50% of the stock is currently owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 29th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, November 28th. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.78. This represents a $3.28 dividend on an annualized basis and a yield of 5.48%. Six Flags Entertainment’s dividend payout ratio (DPR) is 146.48%.

About Six Flags Entertainment

Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.

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Earnings History and Estimates for Six Flags Entertainment (NYSE:SIX)

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