Six Flags profit falls as guests spend less

The San Antonio Business Journal reports the Six Flags recently posted revenues for the second quarter of 2015, showing a 3 percent increase in revenue.

On a per-share basis, the Grand Prairie-based company said it had profit of 67 cents.

The earnings per share exceeded Wall Street expectations by 5 cents.

Overall, the operator of theme parks reported $65.5 million in profit, which was down from last year at the same time of $66.3 million. It reported a rise in attendance of 9% to $8.9 million from the same period one year ago.

As many as 6 brokerage firms have rated Six Flags Entertainment Corp (NYSE:SIX) at 1.67. In a recent information released to the investors, Wedbush announces the price target of $58 per share. The 50-day moving average is $46.81 and the 200 day moving average is recorded at $46.72. (NYSEMKT:JOB) released that the pricing of an underwritten public offering of 11.2 million shares of its common stock at a price of $.70 per share. Finally, analysts at Wedbush initiated coverage on shares of Six Flags Entertainment Corp in a research note on Thursday, May 14th.

Six Flags Entertainment Corporation has lost 2.33% in the last five trading days and dropped 1.68% in the last 4 weeks. Six Flags Entertainment Corp presently has an average rating of “Hold” and an average target price of $53.30. Revenue grew 2.5% to $386.1 million. The sale was disclosed in a filing with the SEC, which is available at this link. Excluding currency translations that affected the company’s global parks, revenue rose 4%.

Six Flags Entertainment Corp (NYSE:SIX) opened at 46.35 on Tuesday.

Six Flags Entertainment Corporation New (NYSE:SIX): The mean short term price target for Six Flags Entertainment Corporation New (NYSE:SIX) has been established at $56.75 per share.

Universal theme parks and resorts ban selfie sticks on park rides and attractions but the company has not yet issued a park wide ban for any of its locations. As of the December 31, 2011, of the 18 parks the Company owned or operated, 16 are located in the United States, one is located in Mexico City, Mexico and one is located in Montreal, Canada. 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.