Cedar Fair (FUN) Projected to Post Earnings on Thursday

Cedar Fair (NYSE:FUN) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $702.07 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Cedar Fair Stock Up 2.4 %

FUN opened at $46.18 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. Cedar Fair has a 1-year low of $35.93 and a 1-year high of $58.70. The company has a market capitalization of $4.63 billion, a PE ratio of -72.15 and a beta of 1.55. The firm’s 50 day simple moving average is $45.95 and its two-hundred day simple moving average is $43.94.

Analysts Set New Price Targets

FUN has been the topic of several recent research reports. Citigroup increased their price target on shares of Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Truist Financial raised their price objective on shares of Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of Cedar Fair in a research report on Monday, December 9th. They set a “buy” rating and a $59.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Cedar Fair from a “hold” rating to a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.54.

About Cedar Fair

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.