United Parks & Resorts Inc. (NYSE: PRKS) closed the day trading at $51.10 down -0.80% from the previous closing price of $51.51. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 783554 shares were traded. PRKS stock price reached its highest trading level at $52.94 during the session, while it also had its lowest trading level at $50.99.
Ratios:
For a better understanding of PRKS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.34. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 0.95.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on December 14, 2023, Downgraded its rating to Equal-Weight and sets its target price to $57 from $60 previously.
Goldman reiterated its Buy rating for the stock on July 24, 2023, while the target price for the stock was revised from $75 to $66.
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 Mar 05 ’24 when Surrett Byron sold 1,082 shares for $53.48 per share. The transaction valued at 57,865 led to the insider holds 10,586 shares of the business.
Miller Kyle Robert sold 2,000 shares of PRKS for $105,000 on Feb 28 ’24. The insider now owns 23,709 shares after completing the transaction at $52.50 per share. On Dec 15 ’23, another insider, Miller Kyle Robert, who serves as the insider of the company, sold 1,000 shares for $54.04 each. As a result, the insider received 54,040 and left with 25,709 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, PRKS now has a Market Capitalization of 3.27B and an Enterprise Value of 5.24B. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.06, and their Forward P/E ratio for the next fiscal year is 10.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89. Its current Enterprise Value per Revenue stands at 3.04 whereas that against EBITDA is 8.54.
Stock Price History:
Over the past 52 weeks, PRKS has reached a high of $61.76, while it has fallen to a 52-week low of $40.87. The 50-Day Moving Average of the stock is 50.16, while the 200-Day Moving Average is calculated to be 50.41.
Shares Statistics:
Over the past 3-months, PRKS traded about 726.45K shares per day on average, while over the past 10 days, PRKS traded about 785.58k shares per day. A total of 63.97M shares are outstanding, with a floating share count of 62.87M. Insiders hold about 1.72% of the company’s shares, while institutions hold 110.03% stake in the company. Shares short for PRKS as of Feb 29, 2024 were 2.45M with a Short Ratio of 3.37, compared to 2.88M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.83% and a Short% of Float of 6.76%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of -$0.24 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.33, while EPS last year was -$0.26. The consensus estimate for the next quarter is $1.68, with high estimates of $1.75 and low estimates of $1.59.
Analysts are recommending an EPS of between $4.76 and $4.3 for the fiscal current year, implying an average EPS of $4.54. EPS for the following year is $4.82, with 7 analysts recommending between $5.17 and $4.65.
Revenue Estimates
8 analysts predict $286.77M in revenue for the current quarter. It ranges from a high estimate of $300M to a low estimate of $275.75M. As of the current estimate, United Parks & Resorts Inc.’s year-ago sales were $293.35M, an estimated decrease of -2.20% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $510.37M, an increase of 2.90% over than the figure of -$2.20% in the same quarter last year. There is a high estimate of $523.38M for the next quarter, whereas the lowest estimate is $498.64M.
A total of 10 analysts have provided revenue estimates for PRKS’s current fiscal year. The highest revenue estimate was $1.8B, while the lowest revenue estimate was $1.73B, resulting in an average revenue estimate of $1.77B. In the same quarter a year ago, actual revenue was $1.73B, up 2.70% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.81B in the next fiscal year. The high estimate is $1.86B and the low estimate is $1.77B. The average revenue growth estimate for next year is up 2.10% from the average revenue estimate for this year.
