SeaWorld Entertainment (NYSE:SEAS) Price Target Lowered to $21.00 at B. Riley

SeaWorld Entertainment (NYSE:SEAS) had its price objective decreased by B. Riley from $36.00 to $21.00 in a research note released on Monday morning, BenzingaRatingsTable reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for SeaWorld Entertainment’s Q1 2020 earnings at ($0.80) EPS, Q2 2020 earnings at ($0.65) EPS, Q3 2020 earnings at $1.56 EPS, Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $0.53 EPS, Q1 2021 earnings at ($0.55) EPS, Q2 2021 earnings at $0.75 EPS, Q3 2021 earnings at $1.30 EPS, Q4 2021 earnings at $0.19 EPS and FY2021 earnings at $1.69 EPS.

SEAS has been the topic of a number of other reports. Citigroup raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and dropped their price objective for the company from $27.00 to $9.00 in a research note on Friday, March 20th. ValuEngine raised shares of SeaWorld Entertainment from a strong sell rating to a sell rating in a research note on Friday, March 20th. TheStreet lowered shares of SeaWorld Entertainment from a b rating to a c rating in a research note on Wednesday, February 26th. Finally, Zacks Investment Research lowered shares of SeaWorld Entertainment from a buy rating to a hold rating in a research note on Friday, March 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. SeaWorld Entertainment has an average rating of Hold and a consensus target price of $27.25.

NYSE:SEAS traded down $0.17 during trading hours on Monday, reaching $15.25. The company had a trading volume of 2,225,796 shares, compared to its average volume of 1,827,298. The company has a quick ratio of 0.34, a current ratio of 0.42 and a debt-to-equity ratio of 7.62. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.01 and a beta of 1.40. The business’s 50-day simple moving average is $24.42 and its two-hundred day simple moving average is $28.74. SeaWorld Entertainment has a twelve month low of $6.75 and a twelve month high of $36.96.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.33). The company had revenue of $298.01 million during the quarter, compared to analyst estimates of $288.93 million. SeaWorld Entertainment had a return on equity of 61.22% and a net margin of 6.40%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.13) earnings per share. As a group, equities analysts predict that SeaWorld Entertainment will post 1.9 earnings per share for the current year.

In related news, insider Marc Swanson sold 8,107 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $12.89, for a total transaction of $104,499.23. Following the transaction, the insider now directly owns 117,668 shares of the company’s stock, valued at $1,516,740.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its position in shares of SeaWorld Entertainment by 54.7% during the fourth quarter. Advisory Services Network LLC now owns 1,160 shares of the company’s stock valued at $37,000 after purchasing an additional 410 shares in the last quarter. S.A. Mason LLC bought a new position in shares of SeaWorld Entertainment during the fourth quarter valued at about $57,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of SeaWorld Entertainment by 51.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,131 shares of the company’s stock valued at $68,000 after purchasing an additional 725 shares in the last quarter. Advisor Group Inc. lifted its position in shares of SeaWorld Entertainment by 59.4% during the fourth quarter. Advisor Group Inc. now owns 2,774 shares of the company’s stock valued at $88,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in shares of SeaWorld Entertainment during the fourth quarter valued at about $106,000.

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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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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