Brokerages Expect SeaWorld Entertainment, Inc. (SEAS) Will Post Quarterly Sales of $465.81 Million

Analysts expect SeaWorld Entertainment, Inc. (NYSE:SEAS) to post $465.81 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for SeaWorld Entertainment’s earnings. The highest sales estimate is $495.00 million and the lowest is $444.09 million. SeaWorld Entertainment posted sales of $485.32 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that SeaWorld Entertainment will report full-year sales of $465.81 million for the current financial year, with estimates ranging from $1.25 billion to $1.36 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.32 billion per share, with estimates ranging from $1.27 billion to $1.40 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.32 by $0.77. SeaWorld Entertainment had a negative net margin of 13.95% and a positive return on equity of 23.32%. The business had revenue of $373.80 million during the quarter, compared to the consensus estimate of $395.24 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up .7% on a year-over-year basis.

SEAS has been the topic of several research reports. BidaskClub upgraded shares of SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. KeyCorp initiated coverage on shares of SeaWorld Entertainment in a research report on Wednesday, August 30th. They set an “overweight” rating on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price (down previously from $23.00) on shares of SeaWorld Entertainment in a research report on Wednesday, August 2nd. ValuEngine cut shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Macquarie cut shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $22.00 to $15.00 in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. SeaWorld Entertainment currently has an average rating of “Hold” and an average price target of $17.50.

In related news, major shareholder Hill Path Capital Partners Lp acquired 352,800 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $12.67 per share, with a total value of $4,469,976.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hill Path Capital Partners Co- acquired 19,600 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were bought at an average cost of $15.25 per share, with a total value of $298,900.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,611,369 shares of company stock worth $21,468,185. Insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of SeaWorld Entertainment by 0.3% during the second quarter. HighTower Advisors LLC now owns 53,472 shares of the company’s stock valued at $867,000 after purchasing an additional 144 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of SeaWorld Entertainment by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 52,691 shares of the company’s stock valued at $857,000 after purchasing an additional 745 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of SeaWorld Entertainment by 3.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,292 shares of the company’s stock valued at $428,000 after purchasing an additional 770 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of SeaWorld Entertainment by 1.7% during the first quarter. Legal & General Group Plc now owns 79,755 shares of the company’s stock valued at $1,458,000 after purchasing an additional 1,352 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of SeaWorld Entertainment by 1.4% during the second quarter. TIAA CREF Investment Management LLC now owns 185,304 shares of the company’s stock valued at $3,015,000 after purchasing an additional 2,500 shares during the last quarter. 89.34% of the stock is owned by hedge funds and other institutional investors.

SeaWorld Entertainment (NYSE:SEAS) opened at 13.23 on Friday. SeaWorld Entertainment has a one year low of $11.10 and a one year high of $20.13. The stock’s 50 day moving average is $13.37 and its 200 day moving average is $16.16. The firm’s market capitalization is $1.14 billion.

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About SeaWorld Entertainment

SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.

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