United Parks & Resorts (PRKS) to Release Earnings on Thursday

United Parks & Resorts (NYSE:PRKS) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect United Parks & Resorts to post earnings of $2.23 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The firm had revenue of $497.60 million for the quarter, compared to analysts’ expectations of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 earnings per share. On average, analysts expect United Parks & Resorts to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

United Parks & Resorts Stock Performance

PRKS opened at $53.04 on Wednesday. The business’s fifty day moving average is $51.35 and its two-hundred day moving average is $51.64. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 13.85 and a beta of 2.00. United Parks & Resorts has a one year low of $44.72 and a one year high of $60.36.

Insider Activity at United Parks & Resorts

In related news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total transaction of $26,944.80. Following the sale, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total transaction of $26,944.80. Following the sale, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the sale, the director now owns 41,766 shares in the company, valued at approximately $2,091,223.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,366 shares of company stock worth $1,938,984. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PRKS shares. Macquarie reduced their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. The Goldman Sachs Group downgraded United Parks & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Citigroup upped their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, United Parks & Resorts has a consensus rating of “Moderate Buy” and an average price target of $62.70.

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.