Brokerages expect that SeaWorld Entertainment Inc (NYSE:SEAS) will report $411.31 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for SeaWorld Entertainment’s earnings. The lowest sales estimate is $406.00 million and the highest is $417.40 million. SeaWorld Entertainment reported sales of $391.92 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.9%. The firm is expected to announce its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that SeaWorld Entertainment will report full year sales of $1.42 billion for the current year, with estimates ranging from $1.41 billion to $1.44 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.47 billion, with estimates ranging from $1.41 billion to $1.49 billion. Zacks’ sales averages are an average based on a survey of analysts that follow SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Tuesday, May 7th. The company reported ($0.44) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.62) by $0.18. SeaWorld Entertainment had a return on equity of 31.65% and a net margin of 5.13%. The firm had revenue of $220.60 million during the quarter, compared to the consensus estimate of $215.91 million. During the same quarter in the previous year, the company posted ($0.73) earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year.

SEAS has been the subject of a number of research reports. Goldman Sachs Group downgraded JSR from a “neutral” rating to a “sell” rating in a report on Friday, June 21st. TheStreet downgraded 22nd Century Group from a “c-” rating to a “d+” rating in a report on Friday, March 29th. KeyCorp set a $37.00 target price on SeaWorld Entertainment and gave the stock a “buy” rating in a report on Friday, April 12th. B. Riley set a $36.00 target price on SeaWorld Entertainment and gave the stock a “buy” rating in a report on Monday. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $37.00 target price on shares of SeaWorld Entertainment in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.01.

In other news, major shareholder Alliance Group Ltd Pacific sold 18,829,874 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of $26.71, for a total value of $502,945,934.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new position in SeaWorld Entertainment during the 2nd quarter worth about $394,000. WINTON GROUP Ltd acquired a new position in SeaWorld Entertainment during the 2nd quarter worth about $219,000. ClariVest Asset Management LLC lifted its stake in SeaWorld Entertainment by 11.4% during the 1st quarter. ClariVest Asset Management LLC now owns 174,595 shares of the company’s stock worth $4,497,000 after acquiring an additional 17,852 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in SeaWorld Entertainment by 1.0% during the 1st quarter. Neuberger Berman Group LLC now owns 937,526 shares of the company’s stock worth $24,138,000 after acquiring an additional 8,857 shares in the last quarter. Finally, AlphaCrest Capital Management LLC acquired a new position in SeaWorld Entertainment during the 1st quarter worth about $823,000. Institutional investors and hedge funds own 84.86% of the company’s stock.

Shares of SeaWorld Entertainment stock traded up $1.19 on Thursday, reaching $33.14. 119,503 shares of the stock were exchanged, compared to its average volume of 1,627,714. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.41 and a quick ratio of 0.31. SeaWorld Entertainment has a twelve month low of $20.77 and a twelve month high of $32.73. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 3.08 and a beta of 1.07. The company has a 50 day simple moving average of $30.24.

About SeaWorld Entertainment

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Earnings History and Estimates for SeaWorld Entertainment (NYSE:SEAS)

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