Analysts predict SeaWorld shares will jump more than 50 per cent in the next year
Stock analysts have predicted a positive year for SeaWorld, with shares in the company expected to rise in value as high as US$27 (€24, £19) in the next 12 months.
Seaworld’s share value – which hasn’t hit such heights since August 2014 – is currently sitting just under US$18 (€16, £13).
According to CWRU Observer, a team of Wall Street analysts have forecast the company will deliver earnings of US$0.82 per share, with a high estimate of US$1.33 and a low estimate of US$0.82 for the full year.
They also predicted annual projected growth of 19.48 per cent for the next five years, putting SeaWorld ahead of competitors in the same industry with a compared growth prediction of 17.55 per cent.
In the next 12 months, all analysts predicted growth for SeaWorld, with some projecting prices going as high as US$27 – representing more than a 56 per cent upswing in current share value.
SeaWorld is currently on the offensive in an effort to rebrand itself after a tough few years. In November, CEO Joel Manby said the company was rebuilding itself from the ground up, with an enhanced focus on conservation and creating meaningful experiences for guests. Last week the company announced that its current stock of orcas would be its last, pledging to end the practice of breeding the animals in captivity.
SeaWorld’s most recent financial results painted a positive picture for the company, with attendances and revenues at its attractions during 2015 almost the same as the previous year, indicating numbers are stabilising after being in decline.
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