|Bid||9.47 x 1100|
|Ask||0.00 x 1200|
|Day's Range||8.44 - 9.70|
|52 Week Range||6.75 - 36.96|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||8.23|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 26, 2016|
|1y Target Est||N/A|
Wedbush Leisure Analyst James Hardiman joins Yahoo Finance’s Seana Smith to discuss how the coronavirus is impacting the cruise line industry.
The theme park sector went from raking in hundreds of millions each day to generating nothing in the blink of an eye.
The tourism industry, which is built on hospitality, needs to consider this when faced with the need for staff reductions.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
SeaWorld Entertainment Inc. late Friday said it has temporarily furloughed more than 90% of its employees as of April 1 because of the coronavirus pandemic. In an 8-K filing, the company said furloughed employees will not be paid after March 31. "Subject to local regulations, these employees will be eligible for unemployment benefits," the filing said. "The furlough period is uncertain at this time due to the temporary park closures and will be reassessed as business conditions dictate." Earlier this month, SeaWorld announced it would temporarily close all of its theme parks through the end of March. Earlier Friday, Walt Disney Co. said its theme parks in California and Florida would remain shuttered as well because of COVID-19. SeaWorld shares are down 47% in the last year. The broader S&P 500 index is down 10% in the last year.
Orlando-based marine theme park operator SeaWorld Entertainment Inc. (NYSE: SEAS) said in an SEC filing on March 27 that it temporarily will furlough 90% of its workforce companywide as of April 1. SeaWorld temporarily closed up its theme park operations in mid-March as many other major theme park companies also began to shutter due to the catastrophic impact the coronavirus has had on the tourism industry. The marine theme park was set to reopen on April 1 alongside other local players such as The Walt Disney Co.'s (NYSE: DIS) Walt Disney World.
Meanwhile, two local counties have yet to place restrictions on businesses in response to the coronavirus pandemic.
Battered U.S. stock markets received some relief on March 24, as share prices nationally and locally climbed based on news of the U.S. Congress nearing a deal on a $2 trillion economic stimulus bill. All of the region’s publicly traded companies saw gains on March 24. For example, Orlando-based Darden Restaurants Inc. (NYSE: DRI) saw the greatest gain.
The marine theme park operator adjusts to the coronavirus outbreak's impact on business, but it comes at the cost of a much-touted commitment to shareholders.
Orlando marine theme park operator SeaWorld Entertainment Inc. has stopped construction at its Central Florida theme parks, making it the latest to do so as coronavirus continues to disrupt the global economy. It wasn't known when SeaWorld (NYSE: SEAS) will resume construction or if its workers will be paid in the interim. Last week, Burbank, California-based Walt Disney Co. (NYSE: DIS) has shuttered construction operations as well at Walt Disney World.
Moody's Investors Service (Moody's) has placed SeaWorld Parks and Entertainment, Inc.'s (SeaWorld) ratings on review for downgrade, including the B2 corporate family rating, B3-PD Probability of Default Rating, and B2 secured credit facility due to the coronavirus outbreak's impact on SeaWorld's ability to operate its amusement parks as normally scheduled as well as the effects on the overall economy, travel activity and consumer sentiment. The Speculative Grade Liquidity rating was downgraded to SGL3 from SGL2 due to the potential impact on SeaWorld's liquidity.
The marine theme park operator, like most in the tourism industry, has battled the uncertainty caused by the coronavirus.
The Centers for Disease Control and Prevention's latest recommendations may upend area attractions' plans.
In a rollercoaster month for the market, theme-park stocks have provided some of the steepest drops for investors.
Two more Orlando area theme park operators have decided to close through the end of March due to coronavirus concerns. Orlando-based marine theme park operator SeaWorld Entertainment Inc. (NYSE: SEAS) and Legoland Florida in Winter Haven both have announced they will close their theme parks effective March 16. Here's more from SeaWorld: The closure of SeaWorld will be notable, as the company's stock has been declining — like that of many of other park operators.
Central Florida's main industry now must move forward without its two biggest players this month.
The Orange County Convention Center show floor is buzzing with music, promotional materials, machinery and the loud voices from countless business people from the medical industry. This is what you normally would see at the Healthcare Information & Management Systems Society’s HIMSS20 Global Health Conference & Exhibition show — Central Florida’s fourth-largest annual event. Closer to home, the Sunshine State had 26 confirmed coronavirus cases and two deaths, the Florida Department of Health reported.
The marine theme park operator's stock price continues to plague the company, which has seen overall positive improvement.
U.S. stock markets have been affected by the increased spread of the disease since the start of this week.