United Parks & Resorts (NYSE:PRKS) Announces Earnings Results

United Parks & Resorts (NYSE:PRKS - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.09, Briefing.com reports. United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The business had revenue of $297.40 million for the quarter, compared to analysts' expectations of $286.88 million. During the same period last year, the business earned ($0.26) EPS. The business's revenue was up 1.4% on a year-over-year basis.

United Parks & Resorts Trading Up 4.0 %

Shares of PRKS traded up $2.07 during trading hours on Thursday, hitting $53.69. The company's stock had a trading volume of 1,424,407 shares, compared to its average volume of 852,427. The company has a 50 day moving average price of $53.00. United Parks & Resorts has a 52-week low of $40.87 and a 52-week high of $61.30. The company has a market cap of $3.39 billion, a P/E ratio of 14.79 and a beta of 1.83.

Insider Activity at United Parks & Resorts

In other news, insider Byron Surrett sold 1,082 shares of United Parks & Resorts stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $53.48, for a total value of $57,865.36. Following the completion of the transaction, the insider now directly owns 10,586 shares in the company, valued at $566,139.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Byron Surrett sold 1,082 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $53.48, for a total transaction of $57,865.36. Following the completion of the transaction, the insider now owns 10,586 shares of the company's stock, valued at $566,139.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the sale, the insider now owns 36,961 shares in the company, valued at $1,991,089.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,165 shares of company stock worth $420,927. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PRKS shares. JPMorgan Chase & Co. boosted their price target on shares of United Parks & Resorts from $57.00 to $61.00 and gave the stock a "neutral" rating in a report on Thursday, February 29th. Citigroup upped their target price on United Parks & Resorts from $57.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday. Truist Financial dropped their price target on United Parks & Resorts from $64.00 to $58.00 and set a "buy" rating on the stock in a report on Friday, May 3rd. Mizuho upped their price objective on United Parks & Resorts from $47.00 to $48.00 and gave the company an "underperform" rating in a research note on Thursday. Finally, Guggenheim started coverage on United Parks & Resorts in a research note on Thursday, April 4th. They set a "buy" rating and a $73.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $59.80.

United Parks & Resorts Company Profile

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.