Six Flag Ent. (SIX) Tops Q3 EPS by 5c

Six Flag Ent. (NYSE: SIX) reported Q3 EPS of $1.56, $0.05 better than the analyst estimate of $1.51. Revenue for the quarter came in at $542 million versus the consensus estimate of $536.92 million.

"We remain laser focused on delivering significant shareholder value through attendance gains, ticket yield management, and international expansion, all while further enhancing the quality of our guest experience," said Jim Reid-Anderson, Chairman, President, and CEO.

Long-Term Outlook

Six Flags today also announced a new long-term profit target, which is an aspirational goal of achieving $600 million of Modified EBITDA by calendar year 2017, equating to nearly $3.75 of cash earnings per share. During the twelve months ended September 30, 2014, the company generated $467 million of Modified EBITDA and $2.51 of cash earnings per share.

"Our new 2017 target of $600 million of Modified EBITDA allows us to invest appropriately in the business, continue paying a sustainable, growing dividend, and execute on our share repurchase program," said John Duffey, executive vice president and CFO.

For earnings history and earnings-related data on Six Flag Ent. (SIX) click here.

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