Six Flags Entertainment Corp Sees Large Volume Increase Following Earnings Beat (SIX)

Share on StockTwits

Shares of Six Flags Entertainment Corp (NYSE:SIX) saw strong trading volume on Wednesday following a better than expected earnings announcement, American Banking & Market News reports. 1,209,431 shares traded hands during trading, an increase of 67% from the previous session’s volume of 722,781 shares.The stock last traded at $39.75 and had previously closed at $40.47.

The company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.67) by $0.03. The company had revenue of $73.72 million for the quarter, compared to the consensus estimate of $79.90 million. During the same quarter in the previous year, the company posted ($1.23) earnings per share. The company’s revenue for the quarter was down 15.8% on a year-over-year basis.

A number of research firms have recently commented on SIX. Analysts at Zacks downgraded shares of Six Flags Entertainment Corp from an “outperform” rating to a “neutral” rating in a research note on Friday, March 21st. They now have a $46.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Six Flags Entertainment Corp from $40.00 to $45.00 in a research note on Wednesday, February 19th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Six Flags Entertainment Corp currently has a consensus rating of “Buy” and an average price target of $55.25.

The stock’s 50-day moving average is $40.8 and its 200-day moving average is $37.75. The company has a market cap of $3.787 billion and a P/E ratio of 34.44.

Six Flags Entertainment Corporation (NYSE:SIX), incorporated on December 09, 1997, owns and operates regional theme, water and zoological parks.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Precision Drilling PT Raised to C$18.00 at BMO Capital Markets
Precision Drilling PT Raised to C$18.00 at BMO Capital Markets
Precision Drilling Given New C$19.25 Price Target at CIBC
Precision Drilling Given New C$19.25 Price Target at CIBC
Canaccord Genuity Reiterates “Buy” Rating for Husky Energy
Canaccord Genuity Reiterates “Buy” Rating for Husky Energy
Dana Holding Receives Hold Rating from Deutsche Bank
Dana Holding Receives Hold Rating from Deutsche Bank
Caterpillar Stock Rating Reaffirmed by Citigroup Inc.
Caterpillar Stock Rating Reaffirmed by Citigroup Inc.
Capital Bank Financial Corp. Receives “Overweight” Rating from Barclays
Capital Bank Financial Corp. Receives “Overweight” Rating from Barclays


Leave a Reply

 
© 2006-2014 Mideast Time.