Six Flags Entertainment Co. Forecasted to Post Q2 2024 Earnings of $0.83 Per Share (NYSE:SIX)

Six Flags Entertainment Co. (NYSE:SIXFree Report) – Equities researchers at B. Riley cut their Q2 2024 earnings estimates for Six Flags Entertainment in a research note issued to investors on Thursday, February 29th. B. Riley analyst E. Wold now expects that the company will earn $0.83 per share for the quarter, down from their previous estimate of $0.90. B. Riley currently has a “Neutral” rating and a $30.00 price target on the stock. The consensus estimate for Six Flags Entertainment’s current full-year earnings is $1.93 per share. B. Riley also issued estimates for Six Flags Entertainment’s Q3 2024 earnings at $1.56 EPS, Q4 2024 earnings at $0.37 EPS, Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $1.70 EPS and Q4 2025 earnings at $0.43 EPS.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group upgraded Six Flags Entertainment from a “hold” rating to a “buy” rating and upped their target price for the company from $25.00 to $32.00 in a report on Monday, November 20th. Truist Financial lifted their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Rosenblatt Securities cut shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $25.00 in a report on Tuesday, November 21st. StockNews.com started coverage on shares of Six Flags Entertainment in a research note on Monday. They issued a “hold” rating for the company. Finally, Citigroup lifted their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.23.

Check Out Our Latest Stock Analysis on Six Flags Entertainment

Six Flags Entertainment Stock Performance

NYSE:SIX opened at $26.06 on Monday. The firm has a market cap of $2.19 billion, a PE ratio of 56.65 and a beta of 2.20. Six Flags Entertainment has a fifty-two week low of $18.29 and a fifty-two week high of $31.29. The business has a 50 day moving average price of $24.79 and a 200-day moving average price of $23.74.

Six Flags Entertainment (NYSE:SIXGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The company had revenue of $292.55 million for the quarter, compared to analysts’ expectations of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently added to or reduced their stakes in SIX. Penn Capital Management Company LLC grew its position in shares of Six Flags Entertainment by 0.7% during the 1st quarter. Penn Capital Management Company LLC now owns 60,218 shares of the company’s stock worth $2,645,000 after buying an additional 425 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Six Flags Entertainment by 34.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock worth $37,000 after buying an additional 428 shares in the last quarter. Cerity Partners LLC boosted its position in Six Flags Entertainment by 3.0% during the second quarter. Cerity Partners LLC now owns 15,954 shares of the company’s stock valued at $414,000 after purchasing an additional 468 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Six Flags Entertainment by 64.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock valued at $33,000 after purchasing an additional 559 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Six Flags Entertainment by 1.2% during the fourth quarter. First Trust Advisors LP now owns 48,400 shares of the company’s stock valued at $1,214,000 after purchasing an additional 596 shares in the last quarter. 99.03% of the stock is currently owned by institutional investors.

About Six Flags Entertainment

(Get Free Report)

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.

Further Reading

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

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