William Blair Weighs in on Six Flags Entertainment Corporation New’s Q4 2017 Earnings (NYSE:SIX)

Six Flags Entertainment Corporation New (NYSE:SIX) – Equities researchers at William Blair increased their Q4 2017 earnings per share estimates for shares of Six Flags Entertainment Corporation New in a research report issued on Wednesday. William Blair analyst R. Sundby now anticipates that the company will post earnings per share of $0.20 for the quarter, up from their prior estimate of $0.12. William Blair currently has a “Outperform” rating on the stock.

A number of other analysts also recently weighed in on SIX. Goldman Sachs Group, Inc. (The) started coverage on Six Flags Entertainment Corporation New in a report on Thursday, April 6th. They set a “neutral” rating and a $65.00 price target for the company. SunTrust Banks, Inc. started coverage on Six Flags Entertainment Corporation New in a report on Wednesday, April 12th. They set a “buy” rating and a $66.00 price target for the company. Janney Montgomery Scott reiterated a “buy” rating and set a $67.00 price target on shares of Six Flags Entertainment Corporation New in a report on Thursday, April 13th. Stifel Nicolaus started coverage on Six Flags Entertainment Corporation New in a report on Thursday, April 20th. They set a “buy” rating and a $70.00 price target for the company. They noted that the move was a valuation call. Finally, B. Riley reiterated a “buy” rating and set a $67.00 price target on shares of Six Flags Entertainment Corporation New in a report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $66.55.

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Shares of Six Flags Entertainment Corporation New (NYSE SIX) traded down 2.95% during midday trading on Monday, hitting $55.18. The company had a trading volume of 622,301 shares. Six Flags Entertainment Corporation New has a one year low of $47.61 and a one year high of $65.19. The stock’s 50-day moving average price is $58.46 and its 200-day moving average price is $59.81. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 51.28 and a beta of 1.14.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.11. Six Flags Entertainment Corporation New had a negative return on equity of 41.86% and a net margin of 7.49%. The company had revenue of $422.37 million for the quarter, compared to analyst estimates of $438.04 million. During the same period last year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

Several hedge funds have recently modified their holdings of SIX. State of Alaska Department of Revenue acquired a new position in shares of Six Flags Entertainment Corporation New during the first quarter valued at $149,000. Rice Hall James & Associates LLC boosted its position in shares of Six Flags Entertainment Corporation New by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 17,537 shares of the company’s stock valued at $1,043,000 after buying an additional 502 shares during the last quarter. Washington Trust Bank boosted its position in shares of Six Flags Entertainment Corporation New by 11.6% in the first quarter. Washington Trust Bank now owns 2,225 shares of the company’s stock valued at $132,000 after buying an additional 231 shares during the last quarter. Gradient Investments LLC boosted its position in shares of Six Flags Entertainment Corporation New by 10.8% in the first quarter. Gradient Investments LLC now owns 103,350 shares of the company’s stock valued at $6,148,000 after buying an additional 10,093 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Six Flags Entertainment Corporation New by 2,397.0% in the first quarter. Bank of Montreal Can now owns 66,669 shares of the company’s stock valued at $3,967,000 after buying an additional 63,999 shares during the last quarter. Institutional investors own 87.07% of the company’s stock.

Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

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

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