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.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.