Cedar Fair (FUN) Projected to Post Quarterly Earnings on Thursday

Cedar Fair (NYSE:FUN) is expected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $702.07 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Cedar Fair Price Performance

Shares of NYSE FUN opened at $47.32 on Thursday. Cedar Fair has a fifty-two week low of $35.93 and a fifty-two week high of $58.70. The company has a 50 day simple moving average of $46.01 and a two-hundred day simple moving average of $43.90. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -73.93 and a beta of 1.55. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Cedar Fair in a research report on Monday, December 9th. They set a “buy” rating and a $59.00 price target for the company. Citigroup raised their price target on shares of Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Truist Financial raised their price target on shares of Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Cedar Fair from a “hold” rating to a “sell” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group reduced their price target on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Cedar Fair currently has a consensus rating of “Moderate Buy” and an average price target of $56.54.

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.