According to analysts’ consensus price target of $30.27, Six Flags Entertainment has a forecasted upside of 14.9% from its current price of $26.34. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. Robinhood gives you the tools you need to put your money in motion. You can buy or sell Six Flags and other ETFs, options, and stocks. Here are three reasons investors can expect the stock to trade higher within the next five years. Theme parks are expensive to build, giving Six Flags a path to consistent financial results over the long term.
Six Flags Power PlantBaltimore, Maryland1985Closed1990Located in the Inner Harbor district of Baltimore, This was Six Flags’ second attempt at an indoor amusement park after AutoWorld. Ultimately, the site was turned over to the city along with a cash payment. In 2011, the city made plans to auction the site and all remaining rides and equipment.
The company operates 27 properties throughout North America, including theme parks, amusement parks, water parks, and a family entertainment center. Six Flags Entertainment Corp. engages in the ownership and operation of theme parks and water parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets.
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This gives the company a lot of options to raise extra cash from asset sales or other financial maneuvers. The stock currently trades at 1.6 times trailing revenue, which is a discount to the S&P 500 average. If Six Flags can grow revenue and push its operating margin higher, the stock would deserve a higher valuation. It traded at a price-to-sales multiple of around 4 before the pandemic. The company reports fourth-quarter earnings on Thursday, March 2, where management is expecting to show improved operating profit. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.172 by -$0.012.
One share of SIX stock can currently be purchased for approximately $26.43. The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023. In the past three months, Six Flags Entertainment insiders have not sold or bought any company stock. Six Flags Entertainment has only been the subject of 3 research reports in the past 90 days. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades.
The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1961 and is based in Arlington, Texas. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
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- In the second quarter of 2022, spending per capita — which includes tickets and in-park spending on items including food — was up 23% year over year.
- Premier went public in 1996 and raised nearly $70 million through an initial offering at $18 per share.
- Six Flags kept a portion of the Midtown Manhattan office and currently maintains a presence in New York City at that same location.
- In 2009, the Mr. Six character came back from retirement and replaced the Asian man in Six Flags’ ads, still using the Fun-O-Meter.
Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. This allows the investor to be as broad or as specific as they want to be when selecting stocks. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more.
The Daily Price Change displays the day’s percentage price change using the most recently completed close. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Projected EPS Growth looks at the estimated growth rate for one year. It takes the consensus estimate for the current fiscal year divided by the EPS for the last completed fiscal year . Historical EPS Growth Rate looks at the average annual EPS growth rate over the last 3-5 years of actual earnings. As an investor, you want to buy srocks with the highest probability of success.
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Quadrant how much does netflix cost and what are the subscription options Group LLC now owns 1,840 shares of the company’s stock valued at $43,000 after buying an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock. If a stock’s Q1 estimate revision decreases leading up to its earnings release, that’s usually a negative sign, whereas an increase is typically a positive sign. A higher number means the more debt a company has compared to its capital structure. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt.
John Duffey also joined the https://1investing.in/ in 2010, taking the role of chief financial officer . As of October 1, 2012, Al Weber, Jr. had retired as chief operating officer with no immediate successor. On April 28, 2010, the company’s bondholders reached an agreement on a reorganization plan.
As part of the second phase of the Dubai Parks and Resorts project in Jebel Ali, the park was expected to open in 2019. On July 20, 2016, Six Flags announced an agreement with Riverside Investment Group Co. Ltd. for the development of a second Six Flags-branded theme park in China together with a water park. The two parks will be located in Bishan District, a district of Chongqing.
Six Flags officially emerged from bankruptcy protection as Six Flags Entertainment Corp. on May 3, 2010, and announced plans to issue new stock on the New York Stock Exchange. Amid suspected disagreements regarding the future of the company with the board, Shapiro left the company and Al Weber, Jr. was brought in as interim president and CEO. The company announced that several corporate positions as well as the corporate headquarters would be relocated from New York City to Grand Prairie, Texas. Six Flags kept a portion of the Midtown Manhattan office and currently maintains a presence in New York City at that same location.
Six Flags News
As this reinvestment paid off, more capital became available, creating further growth. By 1991, Tierco opened White Water waterpark in Oklahoma City . The company realized the key to boosting a park’s attendance was to add new and exciting rides and make it family-friendly. Six Flags Entertainment Corp. engages in operating of theme parks. It operates under the brand name Six Flags, which offers state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.
- Yahoo Finance Live anchors discuss reports that Six Flags activist Jonathan Litt has acquired a 3% stake in the amusement park corporation.
- Finally, Rosenblatt Securities boosted their price objective on Six Flags Entertainment from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 22nd.
- A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity.
- Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price.
- While their skill sets may differ, they share many of the same characteristics and an unwavering drive for success.
Our calculations are based on comprehensive, delayed quotes. Represents the company’s profit divided by the outstanding shares of its common stock. All investments involve risks, including the loss of principal. Securities trading offered through Robinhood Financial LLC, Member SIPC and a registered broker-dealer. These are natural competitive advantages protecting Six Flags’ ability to generate consistent revenues and profits.
As a general rule, the price of a T-bills moves inversely to changes in interest rates. See Jiko U.S. Treasuries Risk Disclosures for further details. In short, the 3-day rule dictates that following a substantial drop in a stock’s share price — typically high single digits or more in terms of percent change — investors should wait 3 days to buy. The 50-day moving average is a frequently used data point by active investors and traders to understand the trend of a stock.