United Parks & Resorts Inc. (NYSE:PRKS - Free Report) - Research analysts at B. Riley lowered their Q2 2024 EPS estimates for shares of United Parks & Resorts in a report released on Wednesday, May 8th. B. Riley analyst E. Wold now anticipates that the company will post earnings of $1.56 per share for the quarter, down from their previous forecast of $1.69. The consensus estimate for United Parks & Resorts' current full-year earnings is $4.59 per share. B. Riley also issued estimates for United Parks & Resorts' Q3 2024 earnings at $2.28 EPS, Q4 2024 earnings at $0.79 EPS, FY2024 earnings at $4.46 EPS, Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $2.58 EPS, Q4 2025 earnings at $0.93 EPS and FY2025 earnings at $5.14 EPS.
Several other brokerages also recently issued reports on PRKS. Citigroup boosted their target price on shares of United Parks & Resorts from $57.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday. Mizuho raised their price objective on United Parks & Resorts from $47.00 to $48.00 and gave the stock an "underperform" rating in a research report on Thursday. Guggenheim began coverage on United Parks & Resorts in a report on Thursday, April 4th. They issued a "buy" rating and a $73.00 target price on the stock. Truist Financial decreased their price target on shares of United Parks & Resorts from $64.00 to $58.00 and set a "buy" rating for the company in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of United Parks & Resorts from $57.00 to $61.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $59.80.
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United Parks & Resorts Price Performance
Shares of PRKS stock traded down $0.07 during trading hours on Friday, reaching $53.62. 755,658 shares of the stock traded hands, compared to its average volume of 851,363. The firm has a fifty day moving average of $53.04. United Parks & Resorts has a 1-year low of $40.87 and a 1-year high of $61.30. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.79 and a beta of 1.83.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.09. United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The firm had revenue of $297.40 million for the quarter, compared to analysts' expectations of $286.88 million. During the same quarter last year, the business posted ($0.26) EPS. United Parks & Resorts's revenue was up 1.4% on a year-over-year basis.
Insider Activity at United Parks & Resorts
In related news, insider Byron Surrett sold 5,083 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $50.50, for a total value of $256,691.50. Following the transaction, the insider now directly owns 15,306 shares in the company, valued at approximately $772,953. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other United Parks & Resorts news, insider Byron Surrett sold 5,083 shares of United Parks & Resorts stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $50.50, for a total value of $256,691.50. Following the transaction, the insider now directly owns 15,306 shares of the company's stock, valued at approximately $772,953. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kyle Robert Miller sold 1,000 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total value of $53,870.00. Following the transaction, the insider now owns 36,961 shares of the company's stock, valued at $1,991,089.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,165 shares of company stock valued at $420,927. Insiders own 1.10% of the company's stock.
About United Parks & Resorts
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United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.
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