Revenue Update on Six Flags Entertainment Corp(NYSE:SIX)

Six Flags Entertainment Corp(NYSE:SIX) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $239.314M. Analysts estimated a revenue of $230.140M. The revenues were 3.99% above the estimates. Earnings per share were $0.02. Analysts had estimated an EPS of $0.02.

Six Flags Entertainment Corp (SIX) shares turned negative on Wednesdays trading session with the shares closing down -2.08 points or -3.40% at a volume of 18,07,571. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $62.63. The peak price level was also seen at $62.63 while the days lowest was $58.65. Finally the shares closed at $59.08. The 52-week high of the shares is $62.69 while the 52-week low is $47.61. According to the latest information available, the market cap of the company is $5,439 M.

Several Insider Transactions has been reported to the SEC. On Feb 17, 2017, Brett Petit (Senior VP – Marketing) sold 12,698 shares at $61.95 per share price.Also, On Dec 27, 2016, John M Duffey (CEO) purchased 25,000 shares at $59.93 per share price.On Dec 22, 2016, Marshall Barber (EVP, Chief Financial Officer) sold 10,071 shares at $60.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates 18 regional theme and water parks. Of these 16 are located in the United States one is located in Mexico City Mexico and one is located in Montreal Canada. Its parks generally offer a selection of thrill rides water attractions themed areas concerts and shows restaurants game venues and retail outlets. The Company’s parks offer approximately 800 rides including over 130 roller coasters. Its parks include Six Flags America Six Flags Discovery Kingdom Six Flags Fiesta Texas Six Flags Great Adventure & Safari Six Flags Great America Six Flags St. Louis Six Flags Magic Mountain Six Flags Mexico Six Flags New England Six Flags Over Georgia Six Flags Whitewater Atlanta Six Flags Over Texas La Ronde and Six Flags Great Escape Lodge & Indoor Waterpark.

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