United Parks & Resorts (NYSE:PRKS) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

United Parks & Resorts (NYSE:PRKS) released its earnings results on Wednesday. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.10), Zacks reports. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%.

United Parks & Resorts Stock Up 0.7 %

Shares of PRKS traded up $0.38 during mid-day trading on Wednesday, reaching $55.00. The company had a trading volume of 307,755 shares, compared to its average volume of 860,192. The stock has a 50 day moving average of $54.08 and a two-hundred day moving average of $53.29. The stock has a market capitalization of $3.03 billion, a P/E ratio of 13.77 and a beta of 1.99. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.83.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the transaction, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PRKS shares. Guggenheim lowered their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Mizuho restated an “underperform” rating and issued a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Finally, Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, United Parks & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.60.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.