Six Flags Entertainment Corp Announces Quarterly Dividend of $0.83 (NYSE:SIX)

Six Flags Entertainment Corp (NYSE:SIX) announced a quarterly dividend on Monday, November 18th, Fidelity reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.83 per share on Monday, December 9th. This represents a $3.32 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date is Wednesday, November 27th.

NYSE:SIX traded down $0.27 on Monday, reaching $45.30. The company’s stock had a trading volume of 8,486 shares, compared to its average volume of 1,598,768. Six Flags Entertainment has a 12-month low of $40.72 and a 12-month high of $64.28. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.92. The stock has a 50 day moving average price of $46.46 and a 200 day moving average price of $51.59.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Tuesday, October 22nd. The company reported $2.11 EPS for the quarter, missing the Zacks’ consensus estimate of $2.30 by ($0.19). The business had revenue of $621.18 million during the quarter, compared to analysts’ expectations of $643.90 million. Six Flags Entertainment had a net margin of 18.02% and a negative return on equity of 38.61%. Six Flags Entertainment’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.16 EPS. Research analysts anticipate that Six Flags Entertainment will post 2.68 earnings per share for the current fiscal year.

In other news, CEO Mike Spanos purchased 10,950 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $45.73 per share, for a total transaction of $500,743.50. Following the acquisition, the chief executive officer now directly owns 10,950 shares in the company, valued at approximately $500,743.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Roedel purchased 5,662 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $44.13 per share, for a total transaction of $249,864.06. Following the acquisition, the director now owns 16,738 shares in the company, valued at $738,647.94. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 18,787 shares of company stock valued at $850,397 and have sold 643 shares valued at $37,865. Corporate insiders own 5.90% of the company’s stock.

Several equities research analysts recently issued reports on the company. Wedbush cut their price objective on Six Flags Entertainment from $62.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. SunTrust Banks cut their price objective on Six Flags Entertainment to $54.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and issued a $57.00 price objective (down previously from $62.00) on shares of Six Flags Entertainment in a report on Friday, October 25th. They noted that the move was a valuation call. ValuEngine downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $60.00.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Dividend History for Six Flags Entertainment (NYSE:SIX)

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