Research Analysts Offer Predictions for Six Flags Entertainment Co.’s Q1 2024 Earnings (NYSE:SIX)

Six Flags Entertainment Co. (NYSE:SIX) – Stock analysts at B. Riley cut their Q1 2024 earnings estimates for shares of Six Flags Entertainment in a research note issued to investors on Thursday, April 18th. B. Riley analyst E. Wold now expects that the company will post earnings per share of ($1.05) for the quarter, down from their prior estimate of ($0.99). B. Riley has a “Buy” rating and a $31.00 price objective on the stock. The consensus estimate for Six Flags Entertainment’s current full-year earnings is $1.79 per share. B. Riley also issued estimates for Six Flags Entertainment’s Q1 2025 earnings at ($0.86) EPS.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The company had revenue of $292.55 million during the quarter, compared to analyst estimates of $298.42 million.

SIX has been the subject of several other reports. StockNews.com began coverage on shares of Six Flags Entertainment in a report on Sunday. They set a “hold” rating for the company. Truist Financial lifted their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Finally, Citigroup boosted their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Six Flags Entertainment currently has an average rating of “Hold” and a consensus target price of $28.31.

Six Flags Entertainment Trading Up 0.8 %

Shares of NYSE SIX opened at $23.96 on Monday. Six Flags Entertainment has a 12 month low of $18.29 and a 12 month high of $28.99. The company has a 50 day simple moving average of $25.19 and a two-hundred day simple moving average of $24.22. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 52.22 and a beta of 2.20.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System boosted its position in shares of Six Flags Entertainment by 1.0% during the 3rd quarter. New York State Teachers Retirement System now owns 81,574 shares of the company’s stock worth $1,918,000 after purchasing an additional 782 shares during the period. Raymond James & Associates boosted its position in Six Flags Entertainment by 3.2% in the 4th quarter. Raymond James & Associates now owns 25,627 shares of the company’s stock valued at $643,000 after buying an additional 793 shares during the period. Rhumbline Advisers boosted its position in Six Flags Entertainment by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 230,537 shares of the company’s stock valued at $5,420,000 after buying an additional 821 shares during the period. Cerity Partners LLC boosted its position in Six Flags Entertainment by 5.9% in the 4th quarter. Cerity Partners LLC now owns 16,058 shares of the company’s stock valued at $403,000 after buying an additional 895 shares during the period. Finally, National Bank of Canada FI boosted its position in Six Flags Entertainment by 527.2% in the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock valued at $28,000 after buying an additional 949 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.