SeaWorld Entertainment Inc. (NYSE: SEAS) has been under a microscope by animal rights activists for years and its stock has suffered. Although, it seems that the company has turned itself around and its lows are behind it.
Essentially, the company reported, in connection with a potential debt refinancing transaction, increased attendance and preliminary revenue results through September 30, 2018, compared to last year.
It’s worth pointing out to investors that these results are preliminary in nature, based only on information available to the company as of the date of this release, and could be subject to further changes.
For the three months ended September 30, total attendance increased by roughly 0.7 million guests, or 10%, and total revenue is expected to increase by about $41 million, or 9%.
In terms of the year-to-date numbers, total attendance increased by about 1.4 million guests, or 9%, and total revenue is expected to increase by roughly $90 million, or 9%.
Thomson Reuters consensus estimates call for $1.03 in earnings per share and $462.23 million for the third quarter. Last year the company reported $0.64 in EPS and $437.71 million in revenue.
Earlier in September, the company settled with the U.S. Securities and Exchange Commission (SEC) for misleading investors and making false statements in regards to the documentary “Blackfish.”
Excluding Tuesday’s move, SeaWorld has outperformed the broad markets, with the stock up about 131% in the past 52 weeks. In just 2018 alone, the stock is up about 121%.
Shares of SeaWorld were last seen up about 1% at $30.39, with a consensus analyst price target of $25.50 and a 52-week trading range of $10.42 to $32.47.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
