United Parks & Resorts Inc. to Post Q1 2024 Earnings of ($0.35) Per Share, B. Riley Forecasts (NYSE:PRKS)

United Parks & Resorts Inc. (NYSE:PRKS) – Analysts at B. Riley lowered their Q1 2024 EPS estimates for shares of United Parks & Resorts in a research note issued on Thursday, April 18th. B. Riley analyst E. Wold now expects that the company will earn ($0.35) per share for the quarter, down from their prior estimate of ($0.33). The consensus estimate for United Parks & Resorts’ current full-year earnings is $4.59 per share. B. Riley also issued estimates for United Parks & Resorts’ FY2024 earnings at $4.54 EPS.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of United Parks & Resorts from $57.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Guggenheim began coverage on shares of United Parks & Resorts in a report on Thursday, April 4th. They issued a “buy” rating and a $73.00 price target for the company. Citigroup raised their price objective on United Parks & Resorts from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Truist Financial boosted their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Mizuho initiated coverage on United Parks & Resorts in a report on Tuesday, March 26th. They issued an “underperform” rating and a $47.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, United Parks & Resorts has an average rating of “Hold” and an average target price of $60.40.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $51.87 on Monday. The firm has a market cap of $3.33 billion, a PE ratio of 14.29 and a beta of 1.81. The business’s 50 day simple moving average is $52.55. United Parks & Resorts has a one year low of $40.87 and a one year high of $61.30.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.16). The firm had revenue of $389.00 million for the quarter, compared to analyst estimates of $396.45 million. United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the sale, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Byron Surrett sold 5,083 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $50.50, for a total transaction of $256,691.50. Following the sale, the insider now owns 15,306 shares in the company, valued at approximately $772,953. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kyle Robert Miller sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $53.87, for a total value of $53,870.00. Following the completion of the sale, the insider now directly owns 36,961 shares in the company, valued at $1,991,089.07. The disclosure for this sale can be found here. Insiders have sold a total of 8,165 shares of company stock valued at $420,927 in the last three months. 1.10% of the stock is currently owned by company insiders.

About United Parks & Resorts

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.