SeaWorld Entertainment Inc (SEAS) Expected to Announce Quarterly Sales of $260.67 Million

Wall Street brokerages expect that SeaWorld Entertainment Inc (NYSE:SEAS) will report sales of $260.67 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for SeaWorld Entertainment’s earnings. The highest sales estimate is $269.99 million and the lowest is $255.65 million. SeaWorld Entertainment reported sales of $267.60 million during the same quarter last year, which indicates a negative year-over-year growth rate of 2.6%. The firm is expected to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that SeaWorld Entertainment will report full-year sales of $260.67 million for the current year, with estimates ranging from $1.25 billion to $1.30 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.29 billion per share, with estimates ranging from $1.24 billion to $1.30 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.14). The company had revenue of $437.70 million for the quarter, compared to analyst estimates of $453.58 million. SeaWorld Entertainment had a negative net margin of 15.32% and a positive return on equity of 22.94%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS.

A number of research firms recently commented on SEAS. FBR & Co reaffirmed a “hold” rating and set a $14.00 price objective on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. Goldman Sachs Group reissued a “neutral” rating and issued a $12.00 price target on shares of SeaWorld Entertainment in a research note on Thursday, October 5th. BidaskClub raised SeaWorld Entertainment from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 5th. Citigroup reissued a “neutral” rating and issued a $14.00 price target (down from $15.00) on shares of SeaWorld Entertainment in a research note on Friday, September 15th. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of SeaWorld Entertainment in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.73.

Shares of SeaWorld Entertainment (NYSE SEAS) opened at $13.25 on Monday. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.45 and a current ratio of 0.57. The company has a market capitalization of $1,200.00, a price-to-earnings ratio of 14.25 and a beta of 0.74. SeaWorld Entertainment has a 52 week low of $10.42 and a 52 week high of $20.13.

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of SeaWorld Entertainment in the 3rd quarter worth about $185,000. Sterling Capital Management LLC purchased a new position in shares of SeaWorld Entertainment in the 2nd quarter worth about $214,000. OLD National Bancorp IN purchased a new position in shares of SeaWorld Entertainment in the 3rd quarter worth about $316,000. First Trust Advisors LP raised its holdings in shares of SeaWorld Entertainment by 51.0% in the 3rd quarter. First Trust Advisors LP now owns 25,112 shares of the company’s stock worth $326,000 after purchasing an additional 8,483 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in shares of SeaWorld Entertainment by 49.3% in the 3rd quarter. Wedge Capital Management L L P NC now owns 25,540 shares of the company’s stock worth $332,000 after purchasing an additional 8,435 shares during the period. Institutional investors own 96.37% of the company’s stock.

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SeaWorld Entertainment Company Profile

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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