United Parks & Resorts (NYSE:PRKS) Releases Earnings Results, Misses Expectations By $0.10 EPS

United Parks & Resorts (NYSE:PRKS - Get Free Report) announced its earnings results on Wednesday. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.10), Zacks reports. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The company had revenue of $384.38 million for the quarter, compared to the consensus estimate of $380.05 million.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS traded up $0.88 during mid-day trading on Friday, hitting $50.45. The stock had a trading volume of 1,228,795 shares, compared to its average volume of 927,097. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.83. The business has a 50 day moving average price of $53.81 and a two-hundred day moving average price of $53.33. The firm has a market cap of $2.77 billion, a P/E ratio of 12.64 and a beta of 1.99.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares of the company's stock, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

Several research analysts have commented on PRKS shares. Mizuho lifted their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research note on Thursday. Truist Financial lifted their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Guggenheim lifted their price target on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts has a consensus rating of "Moderate Buy" and an average target price of $63.00.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.