United Parks & Resorts (NYSE:PRKS) Releases Quarterly Earnings Results

United Parks & Resorts (NYSE:PRKS) issued its quarterly earnings results on Wednesday. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.10), Zacks reports. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%.

United Parks & Resorts Stock Performance

Shares of PRKS traded down $1.73 during midday trading on Wednesday, hitting $52.89. The company had a trading volume of 459,505 shares, compared to its average volume of 863,822. The company’s 50-day simple moving average is $54.02 and its 200-day simple moving average is $53.34. The firm has a market capitalization of $2.91 billion, a P/E ratio of 13.28 and a beta of 1.99. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.83.

Insider Buying and Selling

In other news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the sale, the insider now owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PRKS. Guggenheim dropped their price objective on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Mizuho reiterated an “underperform” rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Finally, Truist Financial upped their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.60.

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.