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Six Flags Entertainment Corporation (SIX)

- NYSE
  • Oct. 22, 2014, 9:38 AM
    • Shares of Six Flags (SIX +9.9%) ride higher as the company successfully increases revenue on flat year-over-year attendance trends.
    • Expansion is also tapped as a new contributor to top-line growth. During the firm's earnings call, the progress on new parks in China and the Middle East was highlighted.
    • Execs call the international business a "significant" long term growth opportunity for Six Flags.
    • Earnings call transcript
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  • Oct. 22, 2014, 9:19 AM
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  • Oct. 21, 2014, 5:38 PM
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  • 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.
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  • 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
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  • 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%.
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  • 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.
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  • Oct. 18, 2013, 5:46 PM
    • Top Gainers, as of 5:15 p.m.: SQNM +2.5%. AFSI +2.4%. VNDA +2.2%. CE +1.5%. VJET +1.4%.
    • Top Losers, as of 5:15 p.m: DQ -6.6%. JAH -2.4%. SIX -2.0%. UVXY -2.0%. PENN -1.8%.
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  • Jul. 22, 2013, 8:23 AM
    Shares of Six Flags (SIX) sink 4.83% premarket as the amusement park operator's Q2 results come up short of estimates. Not helping matters is a death reported Friday evening at the company's Arlington, Texas park.
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  • Apr. 19, 2013, 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.
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  • Jul. 24, 2012, 1:15 PM
    Shares of theme-park operator Six Flags (SIX +7.4%) ride higher as the company easily beats Q2 estimates. Total revenue rose 10% Y/Y on a surge in attendance. Spending per customer's visitor was off slightly with lower season-ticket prices cutting into per-person admission revenue, but deferred revenue rose 22% due to the efforts. The stock has been on a summer tear, gaining over 20% since early June.
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  • Feb. 8, 2012, 4:56 PM
    Six Flags (SIX) gains 2.5% AH after increasing its quarterly dividend 10-fold, to $0.60/share. Following the hike, Six Flags sports an annual yield of 5.5%. The company announced a new $250M stock buyback last month. (PR)
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  • Jan. 3, 2012, 10:30 AM
    Six Flags Entertainment (SIX +2.3%) says its board of directors has approved an expanded stock buyback that will allow the company to repurchase an additional $250M of its stock through 2015. The company just recently completed a three-year $60M program.
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  • Nov. 23, 2011, 2:56 PM
    Six Flags Entertainment (SIX +0.5%) trades up after the theme park operator announces plans to refinance its current credit facilities with the goal of negotiating new loans and lines of credit by mid-December 2011.
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  • Oct. 27, 2011, 1:05 PM
    Shares of Six Flags (SIX) rock a 6.5% gain after recording a huge earnings beat, landing Q3 EPS of $3.43 vs. $2.47 consensus. Extensive cost-cutting more than made up for lagging attendance figures - bogged down by adverse weather hitting 35% of the days in the quarter.
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  • Aug. 24, 2011, 2:24 PM
    Amusement park operators Six Flags (SIX +2.1%) and Cedar Fair (FUN +3.2%) are both higher on renewed speculation attendance numbers will be stronger-than-expected for the summer. Also positioned to benefit are Disney (DIS +0.5%) and Comcast (CMCSA +1.7%), both gainers for the day.
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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