|Bid||36.36 x 900|
|Ask||38.06 x 900|
|Day's Range||37.15 - 37.76|
|52 Week Range||35.06 - 64.28|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||11.88|
|Earnings Date||Feb 19, 2020|
|Forward Dividend & Yield||3.32 (8.91%)|
|Ex-Dividend Date||Nov 26, 2019|
|1y Target Est||41.55|
Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release fourth quarter and full year financial results before the market opens on Thursday, February 20, 2020. An investor conference call will follow beginning at 8:00 a.m. Central Time. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by dialing 1-855-889-1976 in the United States or +1-937-641-0558 outside the United States and requesting the Six Flags earnings call.
Hydro66 Holdings Corp. (CSE:SIX) shareholders should be happy to see the share price up 20% in the last month. But...
Six Flags Entertainment Corp.'s plans to develop theme parks in China have progressed slower than it expected, while the company, which owns and operates San Antonio’s Fiesta Texas theme park, anticipates its fourth quarter 2019 revenue to decline year over year by up to $10 million. The development of Six Flags-branded parks in China has encountered continued setbacks, the Grand Prairie-based company noted in a new filing with the U.S. Securities and Exchange Commission. It’s not clear yet, Six Flags (NYSE: SIX) officials said, whether the company will press forward with one or more projects in China or terminate its work there altogether.
Stocks ended lower Friday, after the Dow hit 29,000 early in the session, with investor euphoria over recent record highs deflated by data showing slower-than-expected U.S. jobs and wage growth in December.
A less-than-stellar jobs reports caused stocks to take a breather on Friday. Let's take a look at a few top stock trades for next week: Top Stock Trades for Tomorrow 1: Disney (DIS)Source: Chart courtesy of StockCharts.comWhile the broader market continues to churn its way to new highs, Disney (NYSE:DIS) stock is not whistling the same tune. To be fair, the stock is still up big, but after peaking in late-November, it's been unable to garner much upside action.It sits on key support, as investors wonder whether this will give DIS a much-needed boost or if it will fail and trigger more declines.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock was trading in a descending triangle pattern, as downtrend resistance (blue line) squeezed shares lower against a static level of support (black line). However, rather than break down -- which DIS almost did -- shares broke out over downtrend resistance.Almost right away though, shares were back under pressure, selling back down to $144.50. Now sitting near short-term support, the backside of prior downtrend support and the 50-day moving average, this is make-or-break territory in the short term. * The 7 Most Important Companies That Didn't Survive the 2010s On a bounce, see if DIS can take out its recent high at $148. If support fails, a test of the 200-day may be in order. Six Flags (SIX)Source: Chart courtesy of StockCharts.comSix Flags (NYSE:SIX) was decimated on Friday after warning on revenue. Shares blew through downtrend support (blue line) and right through the $40 mark, which has been a notable level over the past five years.Now just under $36, SIX is definitely in no man's land.If it continues lower, look to see if the $32.50 to $33 area buoys the name. If it begins to rally, see if the stock can reclaim prior downtrend support, then $40. Citigroup (C)Source: Chart courtesy of StockCharts.comCitigroup (NYSE:C) was the "pick of the decade" by Bank of America analysts the other day, but shares are looking tired ahead of its earnings report on Tuesday.In the event that we see more selling next week, either ahead of or after earnings, this one may be a solid buy-the-dip candidate. Specifically, I'm looking for a pullback to the $76 area, which was a big multi-year breakout level.Even though that would put it below uptrend support (blue line) and the 10-week moving average, that level would represent a good spot to nibble a long position -- provided its earnings results are not dramatically worse than expected. * 7 Earnings Reports to Watch Next Week Below that, and the $70 to $72 area may be a good spot to buy as well. Over last week's high of $81.26 and C can keep on running. Infosys (INFY)Source: Chart courtesy of StockCharts.comFor a $45 billion company, Infosys (NYSE:INFY) really does fly under the radar. The company rallied hard on Friday after reporting earnings, but has since given up most of those gains.It could not penetrate the $11.20 level and is being sold into the close. From here, bulls will want to see the $10.40 to $10.50 level hold as support. The former has been significant over the past year, while the latter marks the 200-day moving average.On a rebound, see if INFY can take out $11.20.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 15 Stocks to Buy in 2020 * The 7 Most Important Companies That Didn't Survive the 2010s * 4 Mega-Tech Stocks Reaching for the Sky The post 4 Top Stock Trades for Monday: DIS, SIX, C and INFY appeared first on InvestorPlace.
Shares of Six Flags Entertainment Corp. plummeted Friday toward their biggest-ever one-day decline after the theme park operator warned of a fourth-quarter revenue shortfall and said its partner in China has defaulted on its agreements.
Live coverage of the market's reaction to the December jobs number, an update on the potential sale of Grubhub and a disappointing announcement from Six Flags were a few of the topics covered on today's ...
The stock plunged nearly 20% in Friday morning trading, and a crowd of analysts yanked their stock recommendations on the news.
(Bloomberg) -- Six Flags Entertainment Corp. fell as much as 19%, the stock’s worst loss ever, after warning that troubles with its planned China theme parks will hurt revenue -- and could lead to all of the projects being canceled.The stock tumbled as low as $35.28 in New York trading Friday, its lowest intraday level since October 2014.Six Flags said its Chinese development partner, Riverside Investment Group, “continues to face severe challenges due to the macroeconomic environment and the declining real estate market in China” and had defaulted on required payments to Six Flags. Riverside didn’t immediately respond to a request for comment.“The loss of all the China projects would result in no revenue for that market if Riverside does not cure the default and the company is not able to engage other partners to complete any of the projects,” Six Flags said in a filing Friday.Six Flags is developing parks in Haiyan, in Zhejiang province, and in the Bishan district of Chongqing, according to its website.The domestic market provided Six Flags no respite. The Grand Prairie, Texas-based company said attendance at its North American parks fell “due to softer than expected season pass and membership sales, primarily during the holiday sales periods.” That probably reduced fourth-quarter revenue by $8 million to $10 million compared with the year-earlier period, Six Flags said.What Bloomberg Intelligence Says“While we believe Six Flags’ new CEO Michael Spanos could mitigate challenges it’s facing in China given his business experience and familiarity with the region, the default of its partner, Riverside, adds complexity. We’re optimistic about the company’s tiered-membership strategy, but expect the new chief to eliminate its unrealistic target of achieving $750 million in Ebitda by 2021.”\--Caitlin Noselli, leisure analystClick here to read the research.The China and North America warnings are “clear indicators that trends in the core business continue to deteriorate. We think also the dividend could be at risk, which could create further downside,” Tyler Batory, an analyst at Janney Montgomery Scott, said in a note Friday. He cut his recommendation on the stock to neutral from buy.Six Flags shares were down 19% last year, while peer SeaWorld Entertainment Inc. rose 44%.To contact the reporter on this story: John J. Edwards III in Boston at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, Cécile DauratFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
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Shares of Six Flags Entertainment Corp. plunged 11% toward the lowest prices seen in over five years, after the theme park operator warned of a fourth-quarter revenue shortfall and disclosed "challenges" with the development of parks in China. The company said it now expects Q4 revenue to be $8 million to $10 million less than a year ago, in which it reported revenue of $269.5 million, while the FactSet consensus is for an increase to $285.8 million. The company said the outlook is a result of "softer-than-expected season pass and membership sales, primarily in the holiday sales period." Separately, the company said given continued challenges in China, the development of Six Flags-branded parks has not progressed as expected, citing the macroeconomic environment and the declining real estate market in China. This has led Six Flags' partner in China, Riverside Investment, to default on its payment obligations to Six Flags. The company said it will not realize any revenue from the China agreements, and expects a negative $1 million adjustment and a $10 million charge. The stock, which is on track to open at the lowest price seen during regular-session hours since October 2014, has shed 13.1% over the past three months through Thursday, while the S&P 500 has climbed 11.5%.
Six Flags' disclosure that its China projects might be canceled prompts a sharp drop in the share price and a number of Wall Street analysts cut their ratings on the stock.
Investing.com - Wall Street is set to push start higher again Friday, continuing the recent relief rally following the ratcheting down of tensions in the Middle East and the news that the trade deal between the U.S. and China could be signed next week. Investors will be looking closely at the release of the official employment report due before the open, but these companies are also likely to be in focus today.
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 ETFs by […]
In this article we are going to estimate the intrinsic value of Six Flags Entertainment Corporation (NYSE:SIX) by...
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
Six Flags Discovery Kingdom, the Thrill Capital of Northern California, in partnership with sPower and Borrego Solar Systems, made the official switch to solar power at a special event to kick off the park’s 12th annual Holiday in the Park, the first to be powered by renewable energy. The event included remarks by Congressman Mike Thompson and Vallejo Mayor Bob Sampayan, who flipped the giant, ceremonial switch, officially flipping the park to solar energy, and turning on millions of twinkling lights to the delight of everyone in attendance.
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Are you ready to find some strong returns? That’s the point of investing, after all: getting a return on your money. With bonds trading low, and the Federal Reserve holding rates below two percent, investors are naturally turning to stocks. The result is a boon for the markets, as evidenced by the Dow Jones, S&P 500, and NASDAQ indexes at record highs. For now, stocks are where the returns are.But not all stocks are created equal when it comes to returning on investors’ money. If you’re looking for steady gains, your best options are the reliable dividend stocks. Like bonds, these are instruments that will pay you back for putting money into them; but while bond rates are currently held down by Fed policy, dividends can offer much higher returns.So how are investors supposed to determine which dividend names represent the most compelling investments? We recommend using TipRanks’ Stock Screener. The tool helped us pinpoint 3 Buy-rated names that each boast a dividend yield of more than 7%, while the average dividend yield of the S&P 500 stands at 1.88%.Fortress Transportation and Infrastructure (FTAI)You’ve heard of real estate investment trusts – companies that make money through the purchase, leasing, and management of landed property. Fortress is a twist on that. This company makes its profits through the acquisition of transportation infrastructure and equipment. Fortress owns aircraft assets in the aviation industry, oil distribution terminals, and over 300 railroad tanker cars in Texas, among other investments.The aviation assets are the most lucrative for the company. According to FTAI’s Q3 earnings data, aviation leasing brought in over $185 million for the quarter, while other infrastructure and corporate activities showed net losses of nearly $65 million. The company was still able to declare $120.7 million in net earnings, and according to CEO Joe Adams, “We just put up record numbers in both net income and adjusted EBITDA. We see this momentum in profitability and cash flow continuing into 2020.”From an investor’s perspective, that momentum is a good thing. FTAI maintains a high dividend, with an annualized payout of $1.32 and quarterly payments of 33 cents, making the yield an impressive 7.76%. The 30-cent EPS, however, shows that this cannot be maintained long-term. The company will need to increase profits in order to keep up the dividend payments going forward. Fortunately, FTAI beat earnings forecasts by wide margins in Q3 and in Q2, and there is no reason to doubt the company’s ability to keep up the dividend at least in the near- to mid-term.Writing from JMP Securities, 5-star analyst Devin Ryan said, “Quarterly results for FTAI always include some noise, but the core trends underlying 3Q19 earnings appear to remain healthy.” Ryan rates FTAI an "outperform" along with a $24 price target, which implies an upside of 35%. (To watch Ryan's track record, click here)Stephens analyst Justin Long is also bullish, writing just after the quarterly release, “We were intrigued by FTAI’s conference call commentary regarding the potential to monetize some of its infrastructure assets as this could be a catalyst to improve shareholder value going forward…” Long set a $19 price target, more conservative than Ryan’s but still indicating an 7% upside potential. (To watch Long's track record, click here)It’s not often that the analysts all agree on a stock, so when it does happen, take note. FTAI’s Strong Buy consensus rating is based on a unanimous 3 Buys. The stock’s $21.67 average price target suggests an upside of 22% and a change from the current share price of $17.72. (See FTAI's stock analysis on TipRanks)Park Hotels & Resorts (PK)Like many high-yielding dividend stocks, PK is a real estate investment trust. The company focuses on hotel properties. Park has been a public company since it spun off from Hilton Worldwide in 2017.Park maintains a strong interest in Hilton hotels, owning Hilton properties in Chicago, Honolulu, New Orleans, and Orlando, as well as a 25% interest in the Capital Hilton in Washington, D.C. These are all prime vacation destinations, and are just a few of Park’s 52 properties. Park saw $2.7 billion in total revenues, and $477 million in net profits, from its hotels in fiscal 2018, a sign of the underlying strength of its niche.While hotels in prime tourist destinations are valuable in and of themselves, Park also manages its investments wisely. The company shed 13 assets in 2018, describing them as “non-core.” The shed assets included 10 of 14 international properties, indicating a strategic move toward solidifying US business. The sale netted the company $519 million. More recently, in the Q3 conference call, CEO Thomas Baltimore said, “Less than three years after launching the company, we successfully executed on our long-term strategic plan by completing the acquisition of Chesapeake Lodging Trust, a $2.5 billion transaction that accelerates our progress toward achieving several long-term goals.”REITs are required by US tax law to return as much as 90% of their income to shareholders, Park pays a quarterly dividend of 45 cents per share. This may not sound like much, but it comes out to a payment ratio of 137%, which would not be sustainable normally – except for that tax regulation requiring the high payout. Park’s dividend yield is 7.86%, which is nearly 4x the S&P 500 average.Nomura analyst Brian Dobson writes of Park Hotels, “In 2020E, we expect management to improve results at recently acquired hotels by: 1) adding group occupancy, 2) increasing F&B/hotel margins, 3) right-sizing transient ADR & occupancy, and 4) repurposing underutilized square feet. We believe that PK has already thoroughly reviewed legacy Chesapeake properties and that changes should be implemented shortly." The analyst added, "We remain positive on PK as its strategy to increase group occupancy and drive higher property-level margin continues to generate relative outperformance."Dobson suggests that if everything goes as planned, PK will be a $29 stock in the next 12 months, implying 24% return. (To watch Dobson's track record, click here)Richard Hightower, from Evercore ISI, is also bullish on Park. After the earnings conference call, he wrote, “As PK said on the call, it’s incumbent upon them to execute, and our view is that value is generally ascribed as value is earned.” In the same note, Hightower reiterated his Buy rating and $30 price target. That target suggests a 31% upside, so he clearly believes the company will execute. (To watch Hightower's track record, click here)Wall Street sizes up PK as a ‘Moderate Buy’ stock, as the bulls edge out the cautious on the stock. In the last 3 months, PK has received 4 bullish ratings versus 3 analysts hedging their bets, and one bear who doubts the company can secure a turnaround. The consensus price target hints there could be about 14% upside for investors, with the stock fetching $26.50. (See Park Hotels' stock analysis on TipRanks)Six Flags Entertainment (SIX)After getting three upgrades last summer, Six Flags, the amusement park operator, is now in the midst of its down season. Q3 is typically the company’s best, as it encompasses the high-volume summer months, and while this year was no exception to the pattern, SIX disappointed investors by missing the EPS expectations.Earnings came in at $2.11, down 20 cents from the forecast. Total quarterly earnings, at $200 million, were slightly below the $204 million from last year’s Q3. At the same time, revenues were up – the company brought in $621 million gross, $1 million more than a year ago. That gain came on attendance growth of 3%, but at the same time, park-goers were not spending as much as in previous years.Company SEO Jim Reid-Anderson put a positive spin on the quarterly report, saying, “We were pleased to achieve record attendance and revenue for the first nine months of 2019… we are laser focused on achieving our tenth consecutive record year…”In a boon for investors, SIX kept up its dividend payment, paying out 83 cents. This was in-line with the company’s dividend payment for the previous four quarters, and with Six’s 9-year history of maintaining or growing the dividend. The current yield is 7.39%. The payment ratio of 127% is a dark spot, especially going into the low-income winter months, but will likely be sustainable if park attendance continues to increase next year.4-star Oppenheimer analyst Ian Zaffino describes the Q3 report as “disappointing,” but maintains his Buy rating on SIX. He writes, “Six Flags Entertainment Corporation (SIX) is the world's largest regional theme park operator, with 25 locations across North America, including 22 in the United States, one in Canada, and two in Mexico…” He points out the company’s 2010 bankruptcy emergence, and adds, “The company now has a significantly delevered balance sheet.” Zaffino gives SIX a $63 price target, for a 44% upside potential. (To watch Zaffino's track record, click here)Also bullish is Eric Wold, from B. Riley, writing, “While we had previewed the potential for an upside quarter, we do not come away concerned with the 3Q19 miss and actually believe the improving membership base growth provides a more attractive set-up into 2020 and beyond.” Wold’s $67 price target suggests a robust 53% upside. (To watch Wold's track record, click here)Six Flags stock sells for $43.83, and the average price target of $56.57 indicates a 30% upside despite the recent down quarter. The Street’s consensus is a Moderate Buy, based on 5 "buys" and 3 "holds" set in recent weeks. (See Six Flags' stock analysis on TipRanks)
Six Flags Entertainment Corporation, (SIX) the world’s largest regional theme park company, invites guests of all ages to spend the holidays at Holiday in the Park, the annual winter spectacular now offered at 13 Six Flags parks across the country. Holiday in the Park is the highly anticipated, magical holiday tradition featuring extravagantly themed entertainment, tantalizing, festive food offerings and Six Flags’ signature collection of world-class roller coasters, rides and attractions.
Today we'll evaluate Six Flags Entertainment Corporation (NYSE:SIX) to determine whether it could have potential as an...
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