After finishing at $24.39 in the prior trading day, Six Flags Entertainment Corp (NYSE: SIX) closed at $24.50, up 0.45%. In other words, the price has increased by $+0.11 from its previous closing price. On the day, 1511849 shares were traded.
Ratios:
Our goal is to gain a better understanding of SIX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.06. For the most recent quarter (mrq), Quick Ratio is recorded 0.32 and its Current Ratio is at 0.43.
On December 14, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $29 to $32.
Rosenblatt Downgraded its Buy to Neutral on November 21, 2023, whereas the target price for the stock was revised from $32 to $25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 08 ’23 when Williams-Ramey Aimee sold 11,630 shares for $24.45 per share. The transaction valued at 284,354 led to the insider holds 0 shares of the business.
Mick Gary bought 5,812 shares of SIX for $156,808 on Jun 09 ’23. The CHIEF FINANCIAL OFFICER now owns 89,737 shares after completing the transaction at $26.98 per share. On May 26 ’23, another insider, Mick Gary, who serves as the CHIEF FINANCIAL OFFICER of the company, bought 1,500 shares for $25.36 each. As a result, the insider paid 38,047 and bolstered with 84,737 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SIX now has a Market Capitalization of 2.06B and an Enterprise Value of 4.51B. As of this moment, Six’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.38, and their Forward P/E ratio for the next fiscal year is 11.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45. Its current Enterprise Value per Revenue stands at 3.17 whereas that against EBITDA is 11.81.
Stock Price History:
Over the past 52 weeks, SIX has reached a high of $28.99, while it has fallen to a 52-week low of $18.29. The 50-Day Moving Average of the stock is 25.40, while the 200-Day Moving Average is calculated to be 24.01.
Shares Statistics:
The stock has traded on average 867.95K shares per day over the past 3-months and 1.01M shares per day over the last 10 days, according to various share statistics. A total of 84.12M shares are outstanding, with a floating share count of 82.71M. Insiders hold about 1.68% of the company’s shares, while institutions hold 99.12% stake in the company. Shares short for SIX as of Mar 28, 2024 were 6.35M with a Short Ratio of 7.31, compared to 6.29M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.54% and a Short% of Float of 11.87%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.74. The current Payout Ratio is 0.00% for SIX, which recently paid a dividend on Mar 11, 2020 with an ex-dividend date of Mar 03, 2020. Stock splits for the company last occurred on Jun 27, 2013 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of -$0.9 for the current quarter, with a high estimate of -$0.83 and a low estimate of -$0.99, while EPS last year was -$0.84. The consensus estimate for the next quarter is $0.82, with high estimates of $0.97 and low estimates of $0.65.
Analysts are recommending an EPS of between $1.97 and $1.58 for the fiscal current year, implying an average EPS of $1.79. EPS for the following year is $2.19, with 10 analysts recommending between $2.58 and $1.99.
Revenue Estimates
10 analysts predict $139.91M in revenue for the current quarter. It ranges from a high estimate of $146M to a low estimate of $130.9M. As of the current estimate, Six Flags Entertainment Corp’s year-ago sales were $142.19M, an estimated decrease of -1.60% from the year-ago figure.
A total of 11 analysts have provided revenue estimates for SIX’s current fiscal year. The highest revenue estimate was $1.53B, while the lowest revenue estimate was $1.47B, resulting in an average revenue estimate of $1.51B. In the same quarter a year ago, actual revenue was $1.43B, up 5.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $1.58B in the next fiscal year. The high estimate is $1.6B and the low estimate is $1.55B. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
