Cedar Fair L.P. (FUN) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Cedar Fair L.P. (FUN) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $1.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $1.06. The company posted revenue of $388.00 million in the period, compared to analysts expectations of $391.01 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Cedar Fair L.P.. Company shares were Upgraded by Macquarie on Jul 8, 2016 to ” Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $60 .

Cedar Fair L.P. closed down -0.1 points or -0.17% at $58.42 with 4,37,592 shares getting traded on Tusday. Post opening the session at $58.5, the shares hit an intraday low of $58.03 and an intraday high of $59.09 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 3, 2016, Craig J Freeman (Senior VP, Administration) sold 1,794 shares at $60.03 per share price. According to the SEC, on Jun 3, 2016, Thomas Klein (director) purchased 3,000 shares at $58.65 per share price. On Feb 29, 2016, David R. Hoffman (Senior VP & CAO) purchased 10 shares at $57.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Cedar Fair L.P. is an operator of regional amusement parks. The Company owns 11 amusement parks three outdoor water parks one indoor water park and five hotels. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky Ohio; Kings Island near Cincinnati Ohio; Canada’s Wonderland near Toronto Canada; Dorney Park & Wildwater Kingdom (Dorney Park) located near Allentown in South Whitehall Township Pennsylvania; Valleyfair located near Minneapolis/St. Paul in Shakopee Minnesota; Michigan’s Adventure located near Muskegon Michigan; Kings Dominion near Richmond Virginia; Carowinds in Charlotte North Carolina; Worlds of Fun located in Kansas City Missouri; Knott’s Berry Farm located near Los Angeles in Buena Park California and California’s Great America (Great America) located in Santa Clara California. The Company also manages and operates Gilroy Gardens Family Theme Park in Gilroy California.

Cedar Fair L.P.

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