Last $16.88 USD
Change Today -0.18 / -1.06%
Volume 1.2M
SEAS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

seaworld entertainment inc (SEAS) Snapshot

Open
$17.04
Previous Close
$17.06
Day High
$17.11
Day Low
$16.85
52 Week High
02/26/14 - $35.30
52 Week Low
11/12/14 - $16.16
Market Cap
1.5B
Average Volume 10 Days
2.7M
EPS TTM
$0.74
Shares Outstanding
90.0M
EX-Date
09/25/14
P/E TM
22.7x
Dividend
$0.84
Dividend Yield
4.86%
Current Stock Chart for SEAWORLD ENTERTAINMENT INC (SEAS)

seaworld entertainment inc (SEAS) Details

SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. It operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne. The company also operates water parks under the Aquatica brand name in Orlando and San Diego; under the Adventure Island name in Tampa; and under the Water Country USA name in Williamsburg. It owns and operates 11 theme parks. The company was formerly known as SW Holdco, Inc. and changed its name to SeaWorld Entertainment, Inc. in December 2012. SeaWorld Entertainment, Inc. was founded in 1959 and is headquartered in Orlando, Florida.

4,500 Employees
Last Reported Date: 04/4/14
Founded in 1959

seaworld entertainment inc (SEAS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $679.7K
Chief Financial Officer
Total Annual Compensation: $363.0K
Chief Legal & Corporate Affairs Officer, Gene...
Total Annual Compensation: $358.4K
Chief Operating Officer of SeaWorld and Disco...
Total Annual Compensation: $354.2K
Chief Operating Officer of Busch Gardens and ...
Total Annual Compensation: $349.8K
Compensation as of Fiscal Year 2013.

seaworld entertainment inc (SEAS) Key Developments

SeaWorld Entertainment, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for 2014

SeaWorld Entertainment, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. During the third quarter of 2014, the company generated total revenue of $495.8 million, a decrease of $42.6 million, or 8%, compared to the same period in 2013. Adjusted EBITDA was $209.1 million, a decrease of $45.3 million, or 18%, compared to the third quarter of 2013. The company reported net income of $87.2 million, or $1.00 per diluted share and adjusted net income of $88.6 million, or $1.01 per diluted share, for the third quarter of 2014. In the third quarter of 2013, the company reported net income of $120.7 million, or $1.34 per diluted share. Cash flow from operating activities was $136.4 million in the third quarter of 2014 compared to $178.6 million in the third quarter of 2013. The decrease in total revenue in the third quarter of 2014 was primarily driven by a 5.2% decline in attendance, along with a 2.9% decline in total revenue per capita from $60.74 in the third quarter of 2013 to $58.99. The prior year quarter in 2013 yielded record results in revenue driven by the Company's SeaWorld-branded parks partly due to the addition of Antarctica: Empire of the Penguin(R). Operating income was $161,915,000 against $205,594,000 a year ago. Income before income taxes was $140,653,000 against $185,396,000 a year ago. Capital expenditures were $28,962,000 against $37,827,000 a year ago. Free cash flow was $107,468,000 against $140,759,000 a year ago. Adjusted free cash flow was $107,468,000 against $140,759,000 a year ago. During the first nine months of 2014, the company generated revenue of $1,113.3 million, a decrease of $75.0 million, or 6%, compared to the same period in 2013. Adjusted EBITDA was $320.2 million, a decrease of $72.3 million, or 18%, compared to Adjusted EBITDA of $392.5 million in the same period of 2013. The company reported net income of $75.4 million, or $0.86 per diluted share, for the nine months ended September 30, 2014. Adjusted net income was $77.2 million, or $0.88 per diluted share. In the first nine months of 2013, the company generated net income of $64.9 million, or $0.74 per diluted share, and adjusted net income was $112.3 million, or $1.28 per diluted share. Cash flow from operating activities was $269.9 million in the first nine months of 2014 compared to $273.0 million in the prior year period. The decrease in revenue was primarily driven by a 4.7% decline in attendance, along with a 1.7% decline in total revenue per capita from $62.79 in the first nine months of 2013 to $61.73 in 2014. Operating income was $183,094,000 against $197,368,000 a year ago. Income before income taxes was $121,630,000 against $97,264,000 a year ago. Capital expenditures were $147,130,000 against $147,132,000 a year ago. Free cash flow was $147,130,000 against $147,132,000 a year ago. Adjusted free cash flow was $147,130,000 against $193,432,000 a year ago. For the full year of 2014, the company continues to expect full year 2014 revenue and Adjusted EBITDA to be down in the range of 6%-7% and 14%-16%, respectively, compared to the prior year. The company expects full year 2014 capital expenditures to be in the range of $155 million to $165 million and 2015 capital expenditures to be in the range of $185 million to $195 million.

Hagens Berman Sobol Shapiro LLP Reminds Lead Plaintiff Class-Action Deadline in the Securities Fraud Class Action Against SeaWorld Entertainment, Inc

Hagens Berman Sobol Shapiro LLP reminded investors of the upcoming November 10, 2014 lead plaintiff deadline in the securities fraud class action against SeaWorld Entertainment, Inc. Investors who purchased SeaWorld securities between April 18, 2013 and August 13, 2014 (the 'Class Period') are encouraged to contact Hagens Berman Partner Reed Kathrein. The complaint alleges that leading up to its April 18, 2013 initial public offering SeaWorld failed to disclose information related to its captive orca population. According to the lawsuit, SeaWorld concealed from investors its mistreatment of its captive orca population that in turn threatened the safety of trainers and audiences; that SeaWorld based its breeding program on a single male orca, who had killed and injured several trainers; and that these factors opened the Company to increased risks and material uncertainties that would have a significant negative impact on park attendance and revenues. In spite of knowledge of these risks, allegedly, SeaWorld rushed into its IPO and hid critical information from investors. The lawsuit alleges that when SeaWorld's improper practices were revealed in the film Blackfish, SeaWorld further misled investors by denying the impact of the film. The company did not acknowledge the so-called 'Blackfish Effect' until August 13, 2014 in spite of a continued downturn in park attendance throughout the class period.

SeaWorld Entertainment, Inc. Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-13-2014 09:20 AM

SeaWorld Entertainment, Inc. Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-13-2014 09:20 AM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States. Speakers: James Atchison, Chief Executive Officer, President and Director, James M. Heaney, Chief Financial Officer, Matt Rearden, VP, Corp Business Affairs, Sarah Burnett, Manager, IR.

 

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Industry Analysis

SEAS

Industry Average

Valuation SEAS Industry Range
Price/Earnings 24.7x
Price/Sales 1.1x
Price/Book 2.4x
Price/Cash Flow 6.6x
TEV/Sales NM Not Meaningful
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