Cedar Fair (FUN) Projected to Post Quarterly Earnings on Thursday

Cedar Fair (NYSE:FUN) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $702.07 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Cedar Fair Price Performance

Cedar Fair stock opened at $47.32 on Thursday. The stock’s fifty day moving average price is $46.01 and its two-hundred day moving average price is $43.90. Cedar Fair has a one year low of $35.93 and a one year high of $58.70. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. The firm has a market cap of $4.74 billion, a PE ratio of -73.93 and a beta of 1.55.

Analysts Set New Price Targets

FUN has been the topic of several recent analyst reports. Guggenheim lifted their price target on Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. StockNews.com lowered Cedar Fair from a “hold” rating to a “sell” rating in a research note on Wednesday, February 12th. Macquarie reiterated an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a research note on Thursday, November 7th. Finally, Citigroup lifted their price target on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.