Cedar Fair (NYSE:FUN) Issues Earnings Results

Cedar Fair (NYSE:FUN - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.20), Zacks reports. The business had revenue of $687.31 million during the quarter, compared to the consensus estimate of $702.07 million. Cedar Fair had a net margin of 0.99% and a return on equity of 113.05%.

Cedar Fair Trading Down 1.4 %

Shares of NYSE:FUN traded down $0.60 during midday trading on Monday, hitting $43.37. The company had a trading volume of 1,905,220 shares, compared to its average volume of 1,238,166. 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. The firm has a fifty day simple moving average of $45.77 and a 200 day simple moving average of $44.00. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of -67.76 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FUN. Guggenheim lifted their price target on Cedar Fair from $52.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Macquarie reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Cedar Fair in a research note on Thursday, November 7th. Truist Financial upped their target price on shares of Cedar Fair from $54.00 to $56.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Jefferies Financial Group began coverage on shares of Cedar Fair in a report on Monday, December 9th. They issued a "buy" rating and a $59.00 price target for the company. Finally, StockNews.com cut shares of Cedar Fair from a "hold" rating to a "sell" rating in a research report on Friday, February 21st. 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, Cedar Fair has a consensus rating of "Moderate Buy" and an average price target 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.