United Parks & Resorts (PRKS) to Release Earnings on Thursday

United Parks & Resorts (NYSE:PRKS) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.23 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.08). United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm had revenue of $497.60 million during the quarter, compared to analyst estimates of $503.93 million. During the same quarter in the previous year, the business posted $1.35 EPS. United Parks & Resorts’s revenue was up .3% compared to the same quarter last year. On average, analysts expect United Parks & Resorts to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

United Parks & Resorts Price Performance

NYSE:PRKS opened at $53.04 on Wednesday. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.36. The firm has a market capitalization of $3.07 billion, a P/E ratio of 13.85 and a beta of 2.00. The business has a 50 day simple moving average of $51.35 and a 200 day simple moving average of $51.64.

Insider Transactions at United Parks & Resorts

In other news, insider George Anthony Taylor sold 23,837 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the sale, the insider now owns 85,463 shares of the company’s stock, valued at approximately $4,524,411.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider George Anthony Taylor sold 23,837 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the sale, the insider now directly owns 85,463 shares of the company’s stock, valued at $4,524,411.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the sale, the director now directly owns 41,766 shares in the company, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,366 shares of company stock valued at $1,938,984. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PRKS shares. JPMorgan Chase & Co. reduced their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Mizuho reduced their price objective on United Parks & Resorts from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Monday, October 28th. Stifel Nicolaus reduced their price objective on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Citigroup boosted their price target on United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.70.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.