Seaworld Entertainment (NASDAQ:SEAS) announced a quarterly dividend on Wednesday, December 11th, American Banking News reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.20 per share on Friday, January 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Wednesday, December 18th.
SEAS has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Seaworld Entertainment in a research note to investors on Tuesday, November 26th. They set a “market perform” rating on the stock. On the ratings front, analysts at Citigroup Inc. upgraded shares of Seaworld Entertainment from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, November 12th. They now have a $40.00 price target on the stock, up previously from $30.00. Finally, analysts at Zacks upgraded shares of Seaworld Entertainment from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 15th. They now have a $32.80 price target on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $38.59.
Shares of Seaworld Entertainment (NASDAQ:SEAS) opened at 30.08 on Thursday. Seaworld Entertainment has a 52 week low of $27.48 and a 52 week high of $39.65. The stock’s 50-day moving average is $30.28 and its 200-day moving average is $33.11. The company has a market cap of $2.806 billion and a P/E ratio of 46.74.
Seaworld Entertainment (NASDAQ:SEAS) last announced its earnings results on Wednesday, November 13th. The company reported $1.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.23 by $0.10. The company had revenue of $538.40 million for the quarter, compared to the consensus estimate of $546.70 million. During the same quarter last year, the company posted $1.11 earnings per share. Seaworld Entertainment’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Seaworld Entertainment will post $1.16 earnings per share for the current fiscal year.
In other Seaworld Entertainment news, Insider James Atchison sold 21,700 shares of the company’s stock on the open market in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $29.70, for a total transaction of $644,490.00. Following the completion of the transaction, the insider now directly owns 736,852 shares in the company, valued at approximately $21,884,504. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company is engaged in delivering personal, interactive and educational experiences that blend imagination with nature and enable its customers to celebrate, connect with and care for the natural world.
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