Cedar Fair (FUN) Expected to Announce Earnings on Thursday

Cedar Fair (NYSE:FUN - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Cedar Fair to post 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 Stock Performance

NYSE FUN traded down $1.04 on Friday, hitting $45.40. 305,688 shares of the company traded hands, compared to its average volume of 1,054,758. Cedar Fair has a 52-week low of $35.93 and a 52-week high of $58.70. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The business's 50 day moving average price is $46.01 and its 200-day moving average price is $43.92. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of -70.96 and a beta of 1.55.

Analyst Ratings Changes

FUN has been the topic of a number of recent research reports. Macquarie reaffirmed an "outperform" rating and set a $55.00 price objective on shares of Cedar Fair in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their target price on shares of Cedar Fair from $55.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Guggenheim lifted their target price on shares of Cedar Fair from $52.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. StockNews.com downgraded shares of Cedar Fair from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Citigroup increased their target price on shares of Cedar Fair from $53.00 to $57.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.