Cedar Fair (FUN) to Release Earnings on Thursday

Cedar Fair (NYSE:FUN) is projected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $702.07 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Cedar Fair Price Performance

Shares of NYSE:FUN opened at $46.54 on Wednesday. Cedar Fair has a one year low of $35.93 and a one year high of $58.70. The stock has a fifty day moving average of $45.93 and a 200-day moving average of $43.96. The company has a market capitalization of $4.67 billion, a PE ratio of -72.71 and a beta of 1.55. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40.

Analyst Upgrades and Downgrades

FUN has been the subject of a number of recent research reports. StockNews.com downgraded Cedar Fair from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. Truist Financial increased their target price on Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Macquarie restated an “outperform” rating and issued a $55.00 target price on shares of Cedar Fair in a report on Thursday, November 7th. Jefferies Financial Group began coverage on Cedar Fair in a report on Monday, December 9th. They issued a “buy” rating and a $59.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.54.

Cedar Fair Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.