United Parks & Resorts (PRKS) to Release Quarterly Earnings on Thursday

United Parks & Resorts (NYSE:PRKS - Get Free Report) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.23 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The business had revenue of $497.60 million during the quarter, compared to analysts' expectations of $503.93 million. During the same period last year, the business posted $1.35 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts expect United Parks & Resorts to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

United Parks & Resorts Trading Down 1.6 %

Shares of PRKS stock traded down $0.85 on Thursday, reaching $52.63. The company's stock had a trading volume of 598,548 shares, compared to its average volume of 888,740. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.74 and a beta of 2.01. The stock's fifty day simple moving average is $51.05 and its 200-day simple moving average is $51.61. United Parks & Resorts has a 1 year low of $41.52 and a 1 year high of $60.36.

Insider Transactions at United Parks & Resorts

In related news, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the sale, the insider now directly owns 85,463 shares in the company, valued at $4,524,411.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now directly owns 722 shares in the company, valued at $35,695.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the sale, the insider now owns 85,463 shares of the company's stock, valued at $4,524,411.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,366 shares of company stock worth $1,938,984. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. B. Riley restated a "buy" rating and issued a $71.00 price target on shares of United Parks & Resorts in a research report on Monday, October 7th. Mizuho lowered their price target on United Parks & Resorts from $46.00 to $45.00 and set an "underperform" rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group downgraded United Parks & Resorts from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $63.00 to $53.00 in a research report on Thursday, August 8th. Finally, Truist Financial lowered their price target on United Parks & Resorts from $62.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.70.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.