United Parks & Resorts (PRKS) Set to Announce Quarterly Earnings on Wednesday

United Parks & Resorts (NYSE:PRKS - Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.25) per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.16). United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The company had revenue of $389.00 million for the quarter, compared to analyst estimates of $396.45 million. During the same period in the prior year, the firm posted $0.76 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. On average, analysts expect United Parks & Resorts to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock traded down $1.89 on Wednesday, reaching $48.93. 1,401,205 shares of the company were exchanged, compared to its average volume of 820,504. United Parks & Resorts has a 1-year low of $40.87 and a 1-year high of $61.30. The company has a market capitalization of $3.14 billion, a P/E ratio of 14.00 and a beta of 1.81. The stock's 50 day moving average is $52.79.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Kyle Robert Miller sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $52.50, for a total value of $52,500.00. Following the completion of the sale, the insider now owns 37,961 shares in the company, valued at $1,992,952.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other United Parks & Resorts news, insider Byron Surrett sold 5,083 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 15,306 shares of the company's stock, valued at $772,953. The transaction 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 firm's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $52.50, for a total value of $52,500.00. Following the completion of the sale, the insider now directly owns 37,961 shares of the company's stock, valued at approximately $1,992,952.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,165 shares of company stock worth $420,927. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PRKS. Citigroup boosted their price objective on United Parks & Resorts from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 9th. Mizuho began coverage on United Parks & Resorts in a report on Tuesday, March 26th. They issued an "underperform" rating and a $47.00 price target for the company. Truist Financial upped their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, February 29th. JPMorgan Chase & Co. upped their price target on United Parks & Resorts from $57.00 to $61.00 and gave the company a "neutral" rating in a report on Thursday, February 29th. Finally, Guggenheim began coverage on United Parks & Resorts in a report on Thursday, April 4th. They issued a "buy" rating and a $73.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.40.

About United Parks & Resorts

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.