United Parks & Resorts (NYSE:PRKS) Issues Quarterly Earnings Results

United Parks & Resorts (NYSE:PRKS) released its quarterly earnings data on Thursday. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15), Briefing.com reports. The business had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $1.92 earnings per share.

United Parks & Resorts Stock Performance

Shares of PRKS stock traded up $1.75 on Friday, reaching $56.77. The stock had a trading volume of 855,931 shares, compared to its average volume of 895,520. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.36. The stock has a market cap of $3.29 billion, a P/E ratio of 14.75 and a beta of 2.00. The company has a 50 day simple moving average of $51.63 and a 200 day simple moving average of $51.70.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the sale, the insider now directly owns 85,463 shares in the company, valued at $4,524,411.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the transaction, the insider now directly owns 85,463 shares of the company’s stock, valued at approximately $4,524,411.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jayson Maxwell sold 545 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the transaction, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,366 shares of company stock valued at $1,938,984. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Macquarie cut their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Stifel Nicolaus reduced their target price on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $63.00 to $53.00 in a report on Thursday, August 8th. Finally, B. Riley reiterated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.90.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.