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SIX

Six Flags Entertainment Corporation

5/26/2013, 3:28 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, May 14, 10:59 AM Heard during Six Flags Entertainment's (SIX +1.2%) presentation at the JPMorgan Global Technology, Media and Telecom Conference: 1) Rides are being swapped out between amusement parks to increase demand from the family market by refreshing attractions showing their age. 2) Extra cash will be returned to shareholders via a "balanced" approach between dividends and buybacks. 3) The company has been successful raising the average guest spending per visit and sees converting singe-day ticket buyers to season pass purchasers as a way to grow revenue. (webcast) Comment! [Consumer]
Thursday, May 9, 6:56 AM Six Flags Entertainment (SIX) announces two-for-one split in the form of stock dividend. The stock will be received on June 26 to shareholders on record of June 12. The board declares $0.90/share quarterly dividend, in line with previous. Forward yield 4.70%. For shareholders of record May 30. Payable June 10. Ex-div date May 28. (PR) Comment! [Dividends]
Monday, April 22, 8:38 AM Six Flags (SIX) beat estimates as the company benefited from a calendar shift which saw more schools schedule spring breaks in March than April a year ago. Sector watch: The company - along with sector peers Cedar Fair (FUN) and SeaWorld (SEAS) - continues to see the initiative of upselling guests early on seasonal passes pay off. 1 Comment [Consumer]
Monday, April 22, 8:16 AM Six Flags (SIX): Q1 EPS of -$1.23 beats by $0.43. Revenue of $88M (+32% Y/Y) beats by $19.8M. (PR) Comment! [Earnings, Breaking News]
Monday, April 22, 12:05 AM Notable earnings before Monday’s open: BEAV, BOH, CAT, CHKP, HAL, HAS, NVR, PHG, SIX Comment! [Earnings]
Sunday, April 21, 5:30 PM Notable earnings before Monday’s open: BEAV, BOH, CAT, CHKP, HAL, HAS, NVR, PHG, SIX 1 Comment [Earnings]
Friday, April 19, 9:56 AM Six Flags (SIX +2.7%) trades higher after Credit Suisse initiates with an Outperform rating. "Upgraded parks, improved marketing, renewed focus on pricing, operating efficiencies, and a healthier balance sheet," are all positive factors cited in the report which also notes that SIX is "an undiscovered story." Price target: $87. Comment! [On the Move]
Monday, April 8, 12:22 PM Blackstone's (BX +0.5%) planned IPO of SeaWorld has been quintupled to $500M from $100M. SeaWorld’s sales last year were around $1.43B - a larger amount than both Six Flags (SIX -0.9%) and Cedar Fair (FUN -0.6%) churned up. Comment! [Consumer]
Wednesday, April 3, 7:06 AM Goldman Sachs sets its sights on amusement park operator Six Flags (SIX), initiating coverage of the company as a Conviction List Buy and setting a $83.50 price target on shares. Comment! [Consumer]
Wednesday, February 20, 3:31 PM Not happy with the bids it got from a number of buyout firms, Blackstone (BX) sources let leak the company is leaning towards an IPO of theme-park operator SeaWorld Entertainment. Comment! [Financials]
Wednesday, February 20, 8:15 AM More on Six Flags' (SIX) Q4: Theme park admissions during the quarter were up 6.7% Y/Y while guest spending per capita rose 3% to $35.82. A strong response to the sale of passes for the 2013 season boosted revenue totals. (PR) Comment! [Consumer, Earnings]
Wednesday, February 20, 8:05 AM Six Flags (SIX): Q4 EPS of $2.59. Revenue of $144M (+5% Y/Y) beats by $8.04M. (PR) Comment! [Earnings, Breaking News]
Thursday, January 17, 1:40 PM Six Flags (SIX +0.4%) is a potential bidder for SeaWorld, according to inside sources. The amusement park operator could be competing with Apollo Global Management as SeaWorld goes down a dual path of talking with potential buyers and drumming up interest for an IPO. Comment! [Consumer, M&A]
Friday, January 4, 8:32 AM After filing for an IPO last month, SeaWorld may explore a private sale before taking the public plunge. According to sources, preliminary talks with P-E firms are ongoing. Despite the flirtation, the IPO route may be more favorable with peers Six Flags (SIX) and Cedar Fair (FUN) soaring over the last year to push up amusement park sector valuations. Comment! [Consumer]
Wednesday, January 2, 11:08 AM The upcoming IPO of SeaWorld could raise the profile for Six Flags (SIX +1.2%) and Cedar Fair (FUN +2.1%) with valuation speculated to range as high as $3B. The prevailing line of thought from some analysts after taking in SeaWorld's S-1 is that Six Flags and Cedar Fair may pose more bang for the buck while also offering up better diversification with their properties. Comment! [Consumer]
Tuesday, November 13, 2012, 1:12 PM Oppenheimer thinks Six Flags (SIX +0.4%) could increase its leverage closer to the level of rivals to use the extra cash to buy back up to $500M of stock. Amusement park operators such as Six Flags have more flexibility than many companies to make balance sheet optimization moves with operations wound down for the winter period. Comment! [Consumer]