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Six Flags Entertainment Corporation (SIX)

  • Oct. 21, 2014, 4:39 PM
    • Six Flags (NYSE:SIX) reports theme park attendance was up slightly in Q3 at 11.8M guests.
    • Total guest spending per capita +6.0% to $43.79.
    • Theme park admissions revenue +8.4% to $305.82M.
    • The company hiked its quarterly dividend payout rate to $0.52 per share.
    • SIX +9.6% AH.
    | Comment!
  • Oct. 21, 2014, 4:33 PM
    • Six Flags (NYSE:SIX): Q3 EPS of $1.56 beats by $0.06.
    • Revenue of $542M (+7.4% Y/Y) beats by $6.02M.
    • Shares +8%.
    • Press Release
    | Comment!
  • Oct. 20, 2014, 5:35 PM
  • Oct. 1, 2014, 9:55 AM
    • Theme park stocks slide lower than market averages after a single case of Ebola in Dallas creates a talking point.
    • Plenty of traders think the dip is providing a good entry point for names in the group off what they consider undue anxiety.
    • Decliners: Disney (NYSE:DIS) -1.1%, Cedar Fair (NYSE:FUN) -0.6%, Six Flags (NYSE:SIX) -0.8%, SeaWorld (NYSE:SEAS) -1.1%.
  • Oct. 1, 2014, 8:42 AM
    • Shares of Six Flags (NYSE:SIX) are on watch after a case of Ebola is reported in the Dallas-Ft. Worth area where the company operates an amusement park and water park.
    • Though the public's reaction to the case has been very calm, a minor traffic dip at some theme parks is anticipated by some industry watchers.
  • Aug. 20, 2014, 8:05 AM
    • Six Flags Entertainment (NYSE:SIX) declares $0.47/share quarterly dividend, in line with previous.
    • Forward yield 4.96%
    • Payable Sept. 15; for shareholders of record Sept. 3; ex-div Aug. 29.
    | Comment!
  • Jul. 28, 2014, 9:19 AM
    • Goldman Sachs removes Six Flags (NYSE:SIX) from its Conviction Buy list on its view that light Q2 traffic was due to customer resistance to theme park pricing.
    • The stock is still rated as a Buy with industry dynamics and Six Flags' capital allocation profile looking favorable.
    | Comment!
  • Jul. 21, 2014, 3:49 PM
    • Six Flags (SIX -3.9%) shares recover some of their earlier near-10% loss after CEO Jim Reid-Anderson reiterates in SIX's earnings conference call that the harsh winter weather meant a later start to summer for much of the U.S., stretching into the amusement park company’s Q2 results through elongated school calendars and shorter holiday breaks, cutting attendance and sales.
    • SIX also raised admission prices this spring, which helped offset an 8% drop in attendance by enticing customers to spend more money, but the CEO insisted that it wasn't the higher prices that hurt results: “It’s primarily due to the school calendar and these weather issues, not pricing. I mean, there may be a little [pricing] element, but it’s small.”
    • In support of its weather assertion, SIX notes that active pass membership grew 9%, providing recurring monthly revenue to smooth out seasonality as well as reassurance that demand for the product is strong.
    | Comment!
  • Jul. 21, 2014, 8:58 AM
    • Six Flags Entertainment (NYSE:SIX) +1.7% premarket after reporting Q2 earnings rose 39%, with admissions revenue increasing while attendance fell, suggesting fewer guests spent more money.
    • SIX says attendance at its 18 theme parks in the U.S., Mexico and Canada fell 8% to 8.2M guests, primarily due to the lingering effects of the long, harsh winter that expanded school calendars and slowed early-season attendance.
    • Q2 total guest spending per capita grew $4.21 (11%) to $43.73, with admissions revenue per capita increasing $2.56 (11%) to $25.15 and in-park revenue per capita adding $1.65 (10%) to $18.58.
    • Theme park admissions revenue improved to $205.4M from $199.7M a year ago, while theme park food, merchandise and other revenue rose 1.4% to $151.8M.
    | Comment!
  • Jul. 21, 2014, 8:22 AM
    • Six Flags (NYSE:SIX): Q2 EPS of $0.67 beats by $0.03.
    • Revenue of $376.5M (+3.5% Y/Y) misses by $19.72M.
    • Press Release
    | Comment!
  • Jul. 20, 2014, 5:30 PM
  • Jun. 23, 2014, 2:11 PM
    • Shares of Six Flags (SIX +1.2%) are higher after the company announces it will expand into China.
    • Analyst take: Goldman Sachs says expansion in China and Dubai gives the company an "exciting leg" to what is already a compelling story.
    • Early reads on theme park spending in 2014 have been favorable.
    | Comment!
  • Jun. 23, 2014, 9:40 AM
    • Six Flags (SIX +0.8%) plans to build theme parks in China with real-estate developer Riverside Investment Group.
    • The company didn't disclose details on the pace of expansion in the region or the estimated cost.
    | Comment!
  • Jun. 20, 2014, 12:37 PM
    • Credit Suisse reiterates its Outperform rating on Six Flags Entertainment (SIX +0.4%).
    • Channel checks indicate solid demand at the company's theme parks.
    • The price target from CS on Six Flags is given a boost to $49.
    | Comment!
  • May. 8, 2014, 9:59 AM
    • Six Flags Entertainment Corporation (SIX) declares $0.47/share quarterly dividend, in line with previous.
    • Forward yield 4.57%
    • Payable June 9; for shareholders of record May 28; ex-div May 23.
    | Comment!
  • Apr. 23, 2014, 7:12 AM
    • Six Flags (SIX) says total guest spending per capita rose 7% to $43.86 in Q1. The increase was driven by a 10% jump in admissions per capita and 5% rise in guest spending inside of parks.
    • Many of the comparable sales tallies for the period were disrupted by the late Easter this year which threw more school spring breaks into Q2 - instead of Q1 like last year.
    | Comment!
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Company Description
Six Flags Entertainment Corpis a theme park operator. It owns and operates regional theme, water and zoological parks.
Sector: Services
Country: United States