B. Riley Weighs in on United Parks & Resorts Inc.’s Q1 2024 Earnings (NYSE:PRKS)

United Parks & Resorts Inc. (NYSE:PRKS) – Analysts at B. Riley decreased their Q1 2024 earnings per share estimates for shares of United Parks & Resorts in a research report issued on Thursday, April 18th. B. Riley analyst E. Wold now expects that the company will earn ($0.35) per share for the quarter, down from their previous forecast of ($0.33). The consensus estimate for United Parks & Resorts’ current full-year earnings is $4.59 per share. B. Riley also issued estimates for United Parks & Resorts’ FY2024 earnings at $4.54 EPS.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. increased their price objective on United Parks & Resorts from $57.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Guggenheim initiated coverage on United Parks & Resorts in a report on Thursday, April 4th. They issued a “buy” rating and a $73.00 price objective on the stock. Mizuho initiated coverage on United Parks & Resorts in a report on Tuesday, March 26th. They issued an “underperform” rating and a $47.00 price objective on the stock. Truist Financial increased their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Citigroup increased their price objective on United Parks & Resorts from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.40.

United Parks & Resorts Trading Up 2.0 %

Shares of NYSE PRKS opened at $52.89 on Monday. The business’s 50-day moving average is $52.56. United Parks & Resorts has a 1-year low of $40.87 and a 1-year high of $61.30. The stock has a market cap of $3.40 billion, a P/E ratio of 14.57 and a beta of 1.81.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.16). United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The company had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $396.45 million. During the same quarter last year, the company earned $0.76 EPS. United Parks & Resorts’s revenue for the quarter was down .4% compared to the same quarter last year.

Insider Buying and Selling

In related news, insider Kyle Robert Miller sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the transaction, the insider now owns 36,961 shares in the company, valued at approximately $1,991,089.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other United Parks & Resorts news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the sale, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Byron Surrett sold 5,083 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $50.50, for a total value of $256,691.50. Following the sale, the insider now directly owns 15,306 shares of the company’s stock, valued at $772,953. The disclosure for this sale can be found here. Insiders have sold 8,165 shares of company stock worth $420,927 in the last quarter. 1.10% of the stock is owned by insiders.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.