Six Flags Entertainment Corp (SIX) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $-0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $-0.71. The company posted revenue of $115.00 million in the period, compared to analysts expectations of $96.02 million. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.75 EPS.
Many Wall Street Analysts have commented on Six Flags Entertainment Corp. Company shares were Reiterated by Wedbush on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 64 from a previous price target of $58 .Company shares were Upgraded by FBR Capital on Apr 1, 2016 to ” Outperform”, Firm has raised the Price Target to $ 64 from a previous price target of $58 .Sterne Agee CRT Initiated Six Flags Entertainment Corp on Mar 29, 2016 to “Neutral”, Price Target of the shares are set at $58.
Six Flags Entertainment Corp closed down -0.19 points or -0.33% at $57.7 with 7,49,624 shares getting traded on Friday. Post opening the session at $57.66, the shares hit an intraday low of $56.83 and an intraday high of $57.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 8, 2016, James Reid-anderson (Exec. Chairman) sold 97,959 shares at $58.85 per share price. According to the SEC, on Mar 11, 2016, Brett Petit (Senior VP – Marketing) sold 18,432 shares at $54.00 per share price. On Mar 9, 2016, Lance C Balk (Exec. VP and General Counsel) sold 333 shares at $52.11 per share price, according to the Form-4 filing with the securities and exchange commission.
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates 18 regional theme and water parks. Of these 16 are located in the United States one is located in Mexico City Mexico and one is located in Montreal Canada. Its parks generally offer a selection of thrill rides water attractions themed areas concerts and shows restaurants game venues and retail outlets. The Company’s parks offer approximately 800 rides including over 130 roller coasters. Its parks include Six Flags America Six Flags Discovery Kingdom Six Flags Fiesta Texas Six Flags Great Adventure & Safari Six Flags Great America Six Flags St. Louis Six Flags Magic Mountain Six Flags Mexico Six Flags New England Six Flags Over Georgia Six Flags Whitewater Atlanta Six Flags Over Texas La Ronde and Six Flags Great Escape Lodge & Indoor Waterpark.