SeaWorld Entertainment Inc (NYSE:SEAS) Marked For ‘Market Perform’


Dallas, Texas 11/27/2013 (Financialstrend) – In news that would gladden investors holding SeaWorld Entertainment Inc (NYSE:SEAS) shares, analyst firm FBR Capital Markets announced that the company is now on a ‘market perform’ rating, at Analyst Ratings.Net.

Besides, SeaWorld has announced earnings results for the previous quarter. Earnings were reported at $1.33 for every share. This was definitely higher than the per share earnings analysts had estimated at $1.23 beating expectations by $0.10. In comparison, Seaworld in the same quarter last year had earned at $1.11 earnings per share.

SeaWorld has earned revenue of $538.40 million for the quarter, which falls short of the expected $546.70 million by analysts. Seaworld Entertainment’s revenue was up 3.1% compared to the same quarter last year.

Prices run low

However, share prices of the stock continued to sell at 0.87% on Nov 26. Currently, Seaworld Entertainment (NASDAQ:SEAS) share volume is 591,886 shares. Besides, over the last year the stock has seen low prices of $27.48 as well as a high of $39.65. In the past 50-days the stock has moved roughly at $30.01. Besides, its 200-day moving average has been around $33.7. Additionally, the market capitalization is $2.761 billion with the P/E ratio fixed at 47.10.

Insider Sales

SeaWorld Entertainment Inc (NYSE:SEAS) has in the recent past seen some insider trading as well. George Anthony Taylor, on Nov 21, sold 2,339 shares at an average share price of $31.38. The total transaction value was $73,397.82. Post selling, Taylor continues to hold 99,784 shares priced at roughly $3,131,222. Details of the sale and related information were filed before the Securities & Exchange Commission.

Analysts move Seaworld to ‘buy’ rating

Nearly all the top-ranking analysts now have a buy rating for SeaWorld Entertainment Inc (NYSE:SEAS), especially after November 12,2013. While they earlier estimated stock prices of $30 for every share, it now stands upwardly revised at $40.