Cedar Fair (FUN) to Release Quarterly Earnings on Wednesday

Cedar Fair (NYSE:FUN - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $3.07 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Cedar Fair (NYSE:FUN - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. The business had revenue of $571.62 million during the quarter, compared to analyst estimates of $525.57 million. Cedar Fair had a net margin of 6.80% and a negative return on equity of 23.97%. On average, analysts expect Cedar Fair to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Cedar Fair Stock Down 3.4 %

Shares of FUN traded down $1.44 during trading hours on Wednesday, hitting $40.99. The company had a trading volume of 1,028,523 shares, compared to its average volume of 937,166. Cedar Fair has a 52-week low of $34.38 and a 52-week high of $58.70. The stock's 50 day moving average price is $40.76 and its 200 day moving average price is $44.00. The firm has a market cap of $2.10 billion, a P/E ratio of 16.87 and a beta of 1.55.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FUN shares. Citigroup dropped their price objective on Cedar Fair from $61.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. Stifel Nicolaus dropped their price objective on Cedar Fair from $68.00 to $60.00 and set a "buy" rating for the company in a report on Friday, August 9th. Mizuho dropped their price target on Cedar Fair from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. B. Riley reduced their price objective on shares of Cedar Fair from $77.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Macquarie dropped their target price on shares of Cedar Fair from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Cedar Fair has a consensus rating of "Moderate Buy" and a consensus target price of $55.46.

Cedar Fair Company Profile

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.