Six Flags America in Bowie, Maryland is closing this year after its owner determined it was "not a strategic fit with the company's long-term growth plan."
J.P. Morgan analyst Matthew R. Boss reiterated an Underweight rating on the shares of Six Flags Entertainment Corp FUN with a price forecast of $46.00.
Six Flags Entertainment (FUN -2.15%), a national amusement park company, disclosed its fourth-quarter 2024 earnings on Feb. 27, 2025, demonstrating growth but also missing crucial financial forecasts. A significant merger with Cedar Fair completed last year contributed to increased attendance and a sharp rise in revenue to $687 million from $371 million in the previous year.
Last year was a mixed bag for the country's leading theme and amusement park operators. Shares of Six Flags Entertainment (FUN -0.99%), Walt Disney (DIS -0.33%), and SeaWorld parent United Parks (PRKS -0.36%) moved higher in 2024, but none of them beat the market.
Six Flags' Q3, the first quarterly report as a consolidated entity, was stable underneath hurricane disruptions and fiscal year shifts. The company has seen strong trends in Q4 so far, with a strong attendance growth and initial 2025 season pass sales. Project Accelerate is targeted to push Six Flags' pre-tax FCF to $800 million by 2027, looking achievable with the company's rapid cost synergy implementation and heavy 2025-2026 investment plans.
Telsey Advisory lowered the firm's price target on Richemont to CHF 135 from CHF 155 and keeps a Market Perform rating on the shares. The company struggled in Q2 as macro headwinds continued to pressure the luxury industry, the analyst tells investors.
Six Flags Entertainment Corp.'s stock rose 2.9% early Wednesday, after the theme-park operator's third-quarter revenue beat consensus estimates and it said strong consumer demand continued through October.
Six Flags Entertainment Corporation and Cedar Fair have now successfully merged under the FUN ticker. Legacy Cedar Fair showed great continued traffic trends in Q2, carrying well onto profitability as well. The legacy Six Flags showed a slower performance in Q2 again, but the management expertise and cost synergies from the merger should aid the legacy Six Flags in the midterm.
Six Flags Entertainment Corp. announced a slew of park investments for 2025 early Thursday, with the amusement-park operator set to open seven new roller coasters, expand its All-Park Passport Add-On and upgrade food and beverage facilities.
UPDATED: The long-expected merger of theme park operators Cedar Fair and Six Flags has finally closed, creating what Six Flags called today “the largest and most diverse amusement park operator in North America.” The newly combined behemoth will operate under the Six Flags name and, appropriately, trade under the ticker symbol FUN.
Six Flags (SIX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Shares of Six Flags Entertainment Corp. were climbing toward a two-year high on Tuesday, after the theme park operator said it would pay out a special dividend to shareholders, once the deal to buy Cedar Fair L.P. closes.