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Berger Montague PC Investigating Claims on Behalf of Six Flags Entertainment Corp. (NYSE: FUN) Investors After Class Action Filing
Prnewswire· 2025-11-07 20:44
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corp. on behalf of investors who purchased shares during the specified class period, alleging that the merger with Cedar Fair L.P. was misrepresented in terms of the company's financial and operational condition [1][3]. Group 1: Lawsuit Details - The lawsuit claims that the registration statement and prospectus related to the merger did not accurately reflect Six Flags' financial and operational status, highlighting a history of underinvestment in its parks [3]. - The class period for the lawsuit is defined as July 1, 2024, through November 5, 2025, with a deadline for investors to seek lead plaintiff status by January 5, 2026 [2]. Group 2: Stock Performance - Following the merger's closing on July 1, 2024, Six Flags' stock price dropped significantly from over $55 per share to as low as $20, representing a decline of nearly 64% [4].
SIX FLAGS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Six Flags Entertainment Corporation and Encourages Investors to Contact the Firm
Globenewswire· 2025-11-07 19:21
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation due to alleged misrepresentations in the registration statement related to the merger with Cedar Fair, L.P. [2][8] Allegation Details - The lawsuit claims that the registration statement failed to disclose chronic underinvestment in Legacy Six Flags, which required millions in additional capital and operational expenditures to maintain competitiveness in the amusement park market [8] - It is alleged that after CEO Selim Bassoul took over in November 2021, significant cost-cutting measures, including employee layoffs, degraded operational competence and guest experience [8] - The stock price of Six Flags, which was above $55 per share at the time of the merger on July 1, 2024, subsequently fell nearly 64% to as low as $20 per share [8] Next Steps - Investors who purchased Six Flags shares and suffered losses are encouraged to contact Bragar Eagel & Squire for more information and to discuss their legal rights [4]
The Jobs Week That Wasn't, Plus More Q3 Earnings
ZACKS· 2025-11-07 16:30
Market Overview - Pre-market trading has declined, reflecting a cautious sentiment towards AI infrastructure spending and a lack of economic data, particularly during what was expected to be Jobs Week [1] - The market has seen a downward trend over the past five days, moving away from all-time highs reached in late October [1] Employment Data - Non-farm payroll numbers from the U.S. Bureau of Labor Statistics (BLS) are unavailable due to a government shutdown, with estimates suggesting a loss of 60,000 jobs last month [2] - The unemployment rate is expected to rise to 4.5%, while hourly wages are anticipated to remain steady at a year-over-year increase of 0.3% [2] - ADP reported an addition of 42,000 new jobs, which is better than BLS estimates but still indicates a weak labor market [3] - The Challenger Job Cuts report indicated 153,000 job cuts, highlighting ongoing challenges in employment [3] Interest Rate Expectations - There is a tentative expectation for a 25 basis-point interest rate cut in approximately 4.5 weeks, although market indexes may have already priced in this cut [4] - The "neutral rate" of inflation is uncertain but is believed to be higher than the optimal 2% [4] Earnings Reports - Wendy's (WEN) reported Q3 earnings of $0.24 per share, exceeding expectations by 20%, leading to a 9% increase in shares [5] - Six Flags Entertainment (FUN) posted earnings of $3.28 per share, surpassing the consensus estimate by 46.4%, although shares are down 2% in early trading [5] - Fluor (FLR) reported Q3 earnings of $0.68 per share, beating expectations by 54.55%, with shares up 4.6% in pre-market trading [6] - Constellation Energy (CEG) reported earnings of $3.04 per share, falling short of the anticipated $3.13, resulting in a 6.3% decline in shares [7] - Canopy Growth (CGC) shares increased by 12% despite reporting a loss of $0.01 per share, an improvement from the expected loss of $0.10 [8] Consumer Sentiment and Credit - The University of Michigan Consumer Sentiment report for November is expected to show a slight decrease to 53.0 from 53.6, remaining above the neutral threshold of 50 [9] - Consumer credit for September is projected to total $10.0 billion [9]
Six Flags 3Q Revenue Falls as Demand Softens
WSJ· 2025-11-07 12:00
Core Insights - Six Flags reported lower third-quarter revenue, indicating challenges in demand growth during the quarter [1] Company Performance - The company’s efforts to stimulate demand were unsuccessful in the third quarter, leading to a decline in revenue [1]
Six Flags Entertainment Corporation's Financial Overview
Financial Modeling Prep· 2025-11-07 07:00
Core Insights - Six Flags Entertainment Corporation is a leading operator of theme parks and water parks in North America, competing with Cedar Fair and SeaWorld [1] - The company is set to release its quarterly earnings on November 7, 2025, with analysts estimating an EPS of $2.32 and projected revenue of $1.34 billion [1][4] Financial Metrics - The price-to-sales ratio is 0.59, indicating the stock is valued at 59 cents for every dollar of sales, suggesting potential undervaluation [2] - The enterprise value to sales ratio is 2.30 and the enterprise value to operating cash flow ratio is 23.18, indicating the company is still viewed as viable despite earnings challenges [2] Leverage and Liquidity Concerns - The debt-to-equity ratio is high at 3.11, indicating significant reliance on debt for financing operations, which poses risks if cash flow generation is insufficient [3] - The current ratio is 0.52, suggesting potential liquidity issues as the company may struggle to cover short-term liabilities with current assets [3][4]
Stockholder Alert: Robbins LLP Informs Investors of the Six Flags Entertainment Corporation (f/k/a CopperSteal Holdco, Inc.) Class Action Lawsuit
Prnewswire· 2025-11-07 01:03
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation (NYSE: FUN) on behalf of investors who acquired shares during the merger with Cedar Fair, alleging that the company misled investors regarding its financial health and operational needs prior to the merger [1][2]. Group 1: Merger Details - The merger between Legacy Six Flags and Cedar Fair was approved by shareholders on March 12, 2024, and closed on July 1, 2024, resulting in the creation of North America's largest regional amusement park operator with approximately 40 amusement parks and water parks [1][2]. - Following the merger, the newly formed entity changed its name to Six Flags and began trading under the ticker symbol "FUN" on the NYSE [2]. Group 2: Allegations Against Six Flags - The lawsuit alleges that Legacy Six Flags had significantly underinvested in its parks and operations, neglecting essential maintenance and improvements for several years before the merger [2]. - It is claimed that Legacy Six Flags required millions of dollars in undisclosed capital expenditures to maintain or grow its market share in the competitive amusement park industry [2]. - The complaint states that the financial projections presented to investors were unrealistic and not based on the actual conditions of the company at the time of the merger [2]. Group 3: Stock Performance - On the merger closing date, Six Flags stock was trading above $55 per share, but it subsequently plummeted to as low as $20 per share, marking a decline of nearly 64% [3].
Lowey Dannenberg Notifies Six Flags Entertainment Corporation (“Six Flags” or the “Company”) (NYSE: FUN) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm
Globenewswire· 2025-11-06 22:10
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation for alleged violations of federal securities laws related to the merger with Cedar Fair, L.P. [1][2] Group 1: Allegations and Issues - The lawsuit claims that the Registration Statement for the merger was negligently prepared, containing untrue statements and omissions that misled investors [2] - It is alleged that Legacy Six Flags suffered from chronic underinvestment, requiring millions in additional capital and operational expenditures to maintain its market position [2] - Prior to the merger, Legacy Six Flags deferred essential maintenance and operational improvements, which were not disclosed in the Registration Statement [2] Group 2: Impact on Investors - Following the merger announcement, Six Flags' common stock experienced a significant decline, resulting in financial losses for investors [3] - Investors who suffered losses exceeding $100,000 are encouraged to participate in the lawsuit [3] Group 3: Company Background - Lowey Dannenberg P.C. is a law firm specializing in representing investors who have suffered financial losses due to corporate fraud and violations of securities laws [4]
Why SeaWorld Stock United Parks & Resorts Dropped Today
Yahoo Finance· 2025-11-06 19:00
Core Viewpoint - United Parks & Resorts experienced a significant decline in stock price, dropping 22.5% after missing earnings and sales forecasts for Q3 [1][7]. Financial Performance - United Parks reported earnings of $1.61 per share, missing the forecast of $2.37, and sales of $511.9 million, below the expected $538.2 million [1][3]. - Sales declined by 6% year-over-year, attributed to a 3% drop in attendance at its theme parks, while earnings fell by 25% year-over-year [3][4]. Management Commentary - CEO Marc Swanson expressed dissatisfaction with the quarterly results, citing factors such as an unfavorable calendar shift, poor weather during peak holiday periods, a decline in international visitation, and less than optimal execution as reasons for the poor performance [4]. - Swanson indicated that attendance would have been flat in Q3 if not for these adverse factors [4]. Future Outlook - The company plans to buy back $500 million worth of stock to enhance shareholder value and concentrate profits among fewer shares when business improves [5]. - Analysts predict a potential turnaround with approximately 10% earnings growth anticipated as early as next year [6][8]. Market Valuation - United Parks has a market capitalization of $2 billion and trailing earnings of $181 million, resulting in a price-to-earnings ratio of 11, which is considered undemanding [6].
Unlocking Q3 Potential of Six Flags Entertainment Corporation (FUN): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2025-11-06 15:16
Core Insights - Six Flags Entertainment Corporation (FUN) is expected to report quarterly earnings of $2.32 per share, reflecting a 46.8% increase year-over-year, while revenues are forecasted at $1.35 billion, indicating a slight decline of 0.2% compared to the previous year [1] Earnings Projections - The consensus EPS estimate has been revised down by 0.9% in the last 30 days, indicating a reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts project 'Net revenues- Admissions' to be $712.99 million, a decrease of 0.5% from the prior year [5] - 'Net revenues- Accommodations, extra-charge products and other' are expected to remain flat at $194.93 million year-over-year [5] - 'Net revenues- Food, merchandise and games' are anticipated to reach $434.00 million, reflecting a decline of 0.6% from the previous year [5] Attendance Forecast - The estimated attendance for the quarter is 21.30 million, up from 20.97 million in the same period last year [6] Stock Performance - Over the past month, shares of Six Flags have decreased by 6.1%, contrasting with a 1.3% increase in the Zacks S&P 500 composite [6] - Currently, FUN holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near term [6]
Interim Report for the period 1 January - 30 September 2025
Globenewswire· 2025-10-30 08:55
Core Insights - Tivoli A/S reported lower attendance figures, revenue, and profits for the period of January 1 to September 30, 2025, compared to the same period in 2024, primarily due to fewer opening days and the absence of COVID-19 compensation income recognized in 2024 [1][5]. Financial Performance - Revenue for the first nine months of 2025 was DKK 886.5 million, a decrease of 1% from DKK 891.0 million in the previous year [5]. - EBITDA decreased by 16% to DKK 123.2 million from DKK 147.0 million year-over-year [5]. - Profit before tax fell by 44% to DKK 34.6 million compared to DKK 61.4 million in the same period last year [5]. - Attendance figures were 2,689 thousand visitors, down 2% from 2,737 thousand in the previous year, attributed to 5% fewer opening days [5]. Operational Highlights - Tivoli experienced a successful summer season despite challenges such as unstable weather, with 1.3 million guests visiting in the first half of 2025, one-third of whom were from international markets [2]. - The company is on track with its redevelopment of a new amusement area, set to open in summer 2026, which will include new attractions and culinary experiences [2]. - Anticipation for a well-attended late summer season and upcoming events, such as the Garden & Flower Festival, is high [2]. Outlook - Tivoli has increased its revenue expectations for 2025 to a range of DKK 1,325 million and profit before tax to around DKK 145 million, reflecting a strong start to the Halloween season and positive outlook for the Christmas season [3].