United Parks & Resorts (NYSE:PRKS) Issues Earnings Results, Misses Expectations By $0.10 EPS

United Parks & Resorts (NYSE:PRKS) released its quarterly earnings data on Wednesday. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.10), Zacks reports. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%.

United Parks & Resorts Stock Performance

PRKS stock traded up $0.38 during trading on Wednesday, reaching $55.00. 307,755 shares of the company traded hands, compared to its average volume of 860,192. The business has a 50 day simple moving average of $54.08 and a 200 day simple moving average of $53.29. United Parks & Resorts has a 12 month low of $44.72 and a 12 month high of $60.83. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 13.77 and a beta of 1.99.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction on Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PRKS has been the topic of several research analyst reports. Truist Financial increased their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Mizuho reissued an “underperform” rating and set a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Finally, Guggenheim decreased their price objective on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $62.60.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.