Cedar Fair (FUN) Set to Announce Earnings on Thursday

Cedar Fair (NYSE:FUN) will post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Cedar Fair to post earnings of ($2.36) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Cedar Fair (NYSE:FUN) last released its earnings results on Thursday, February 15th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The firm had revenue of $371.12 million during the quarter, compared to analysts’ expectations of $365.13 million. Cedar Fair had a net margin of 6.96% and a negative return on equity of 21.06%. On average, analysts expect Cedar Fair to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Cedar Fair Stock Down 1.5 %

FUN opened at $38.10 on Thursday. The stock has a market cap of $1.94 billion, a PE ratio of 15.55 and a beta of 1.41. The business has a 50 day moving average of $40.76 and a 200-day moving average of $39.46. Cedar Fair has a 52 week low of $34.04 and a 52 week high of $45.39.

Cedar Fair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Tuesday, March 5th. Cedar Fair’s dividend payout ratio (DPR) is presently 48.98%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Oppenheimer assumed coverage on Cedar Fair in a report on Thursday, February 8th. They issued an “outperform” rating and a $49.00 target price for the company. Truist Financial boosted their price objective on Cedar Fair from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Stifel Nicolaus boosted their price objective on Cedar Fair from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Mizuho started coverage on Cedar Fair in a report on Tuesday, March 26th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, StockNews.com began coverage on Cedar Fair in a report on Monday. They issued a “buy” rating on the stock. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cedar Fair currently has an average rating of “Buy” and an average target price of $50.30.

Cedar Fair Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.