SeaWorld Entertainment Inc (SEAS) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $-0.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $-0.65. The company posted revenue of $220.24 million in the period, compared to analysts expectations of $217.05 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.51 EPS.
Many Wall Street Analysts have commented on SeaWorld Entertainment Inc. SeaWorld Entertainment Inc was Downgraded by Citigroup to ” Neutral” on Apr 15, 2016. Company shares were Reiterated by Wedbush on Apr 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 21 from a previous price target of $19 .SeaWorld Entertainment Inc was Upgraded by Wells Fargo to ” Outperform” on Mar 18, 2016.
SeaWorld Entertainment Inc closed down -0.24 points or -1.22% at $19.47 with 20,91,052 shares getting traded on Wednesday. Post opening the session at $19.63, the shares hit an intraday low of $19.34 and an intraday high of $19.72 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 19, 2016, John T Reilly (Chief Parks Operations Officer) sold 1,214 shares at $20.80 per share price. According to the SEC, on Apr 5, 2016, Alessandro David F D (director) sold 106,285 shares at $20.79 per share price. On Nov 18, 2015, Joel K Manby (director officer ) purchased 14,500 shares at $17.11 per share price, according to the Form-4 filing with the securities and exchange commission.
SeaWorld Entertainment Inc. (SeaWorld) is a theme park and entertainment company. It owns or licenses a portfolio of brands including SeaWorld Shamu and Busch Gardens. It has 11 destination and regional theme parks that are located across the United States. Its theme parks feature an array of rides shows and other attractions. The Company operates SeaWorld theme parks in Orlando Florida; San Antonio Texas and San Diego California and Busch Gardens theme parks in Tampa Florida and Williamsburg Virginia. The Company operates water park attractions in Orlando Florida (Aquatica); San Diego California (Aquatica); Tampa Florida (Adventure Island) and Williamsburg Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne Pennsylvania (Sesame Place).