United Parks & Resorts (PRKS) Scheduled to Post Earnings on Wednesday

United Parks & Resorts (NYSE:PRKS) is scheduled to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.25) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results 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 company had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $396.45 million. United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. On average, analysts expect United Parks & Resorts to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

United Parks & Resorts Stock Down 1.4 %

PRKS opened at $50.82 on Wednesday. The stock has a market capitalization of $3.27 billion, a PE ratio of 14.00 and a beta of 1.81. The company’s fifty day moving average is $52.79. United Parks & Resorts has a fifty-two week low of $40.87 and a fifty-two week high of $61.30.

Insider Transactions at United Parks & Resorts

In other news, 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 owns 36,961 shares in the company, valued at approximately $1,991,089.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Byron Surrett sold 5,083 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $50.50, for a total value of $256,691.50. Following the completion of 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 available 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 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 owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,165 shares of company stock worth $420,927. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

United Parks & Resorts Company Profile

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.