Cedar Fair (FUN) Projected to Post Earnings on Thursday

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

Cedar Fair Stock Performance

Shares of NYSE:FUN opened at $46.18 on Tuesday. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -72.15 and a beta of 1.55. The company has a 50-day moving average price of $45.95 and a 200-day moving average price of $43.94. 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 12 month low of $35.93 and a 12 month high of $58.70.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Cedar Fair in a research note on Monday, December 9th. They issued a “buy” rating and a $59.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Truist Financial upped their price objective on shares of Cedar Fair from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Guggenheim upped their price objective on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com cut shares of Cedar Fair from a “hold” rating to a “sell” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock 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.