Cedar Fair (NYSE:FUN) Releases Earnings Results, Misses Expectations By $0.20 EPS

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

Cedar Fair Price Performance

Shares of FUN stock traded down $0.60 during midday trading on Monday, reaching $43.37. 1,905,219 shares of the company were exchanged, compared to its average volume of 1,237,496. The company's 50 day moving average price is $45.77 and its two-hundred day moving average price is $44.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. The company has a market cap of $4.35 billion, a P/E ratio of -67.76 and a beta of 1.55. Cedar Fair has a 12 month low of $35.93 and a 12 month high of $58.70.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Cedar Fair from $54.00 to $56.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Citigroup increased their price target on Cedar Fair from $53.00 to $57.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Macquarie reissued an "outperform" rating and set a $55.00 price objective on shares of Cedar Fair in a report on Thursday, November 7th. StockNews.com downgraded Cedar Fair from a "hold" rating to a "sell" rating in a report on Friday, February 21st. Finally, Guggenheim lifted their price target 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. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.