United Parks & Resorts (NYSE:PRKS) Announces Quarterly Earnings Results, Misses Expectations By $0.08 EPS

United Parks & Resorts (NYSE:PRKS) released its quarterly earnings data on Wednesday. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.08), Briefing.com reports. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. The business had revenue of $497.60 million during the quarter, compared to the consensus estimate of $503.93 million. During the same quarter in the previous year, the business posted $1.35 earnings per share. United Parks & Resorts’s quarterly revenue was up .3% compared to the same quarter last year.

United Parks & Resorts Stock Up 0.7 %

NYSE PRKS traded up $0.33 during trading hours on Friday, reaching $47.34. The company’s stock had a trading volume of 1,003,625 shares, compared to its average volume of 1,199,505. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $60.36. The business’s 50-day moving average is $52.80. The stock has a market cap of $2.96 billion, a P/E ratio of 12.73 and a beta of 2.02.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher Dold sold 32,518 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the sale, the insider now owns 33,242 shares of the company’s stock, valued at approximately $1,713,292.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PRKS shares. Stifel Nicolaus reduced their price objective on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup boosted their price target on United Parks & Resorts from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. The Goldman Sachs Group downgraded United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the company from $63.00 to $53.00 in a research note on Thursday. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.90.

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.