United Parks & Resorts (PRKS) Scheduled to Post Quarterly Earnings on Wednesday

United Parks & Resorts (NYSE:PRKS) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $1.52 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.09. The business had revenue of $297.40 million for the quarter, compared to analyst estimates of $286.88 million. United Parks & Resorts had a net margin of 13.84% and a negative return on equity of 88.59%. United Parks & Resorts’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.26) EPS. 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 Price Performance

Shares of PRKS stock opened at $46.94 on Tuesday. United Parks & Resorts has a 12-month low of $40.87 and a 12-month high of $60.36. The firm has a market capitalization of $2.93 billion, a P/E ratio of 12.62 and a beta of 2.02. The stock’s 50 day moving average is $53.18.

Insider Buying and Selling

In other United Parks & Resorts news, insider Jayson Maxwell sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $53.92, for a total transaction of $26,960.00. Following the completion of the transaction, the insider now directly owns 1,267 shares in the company, valued at $68,316.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Christopher Dold sold 32,518 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $51.54, for a total value of $1,675,977.72. Following the completion of the transaction, the insider now owns 33,242 shares of the company’s stock, valued at $1,713,292.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jayson Maxwell sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $53.92, for a total transaction of $26,960.00. Following the completion of the sale, the insider now owns 1,267 shares in the company, valued at $68,316.64. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PRKS. Mizuho boosted their price target on United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, May 9th. B. Riley boosted their target price on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Truist Financial raised their price target on shares of United Parks & Resorts from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parks & Resorts from $79.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Citigroup raised their target price on shares of United Parks & Resorts from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.00.

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.