Why Six Flags Entertainment (SIX) Stock Is Still Declining Today

NEW YORK (TheStreet) -- Shares of Six Flags Entertainment Corp. (SIX) are continuing to fall on heavy volume in late afternoon trading on Monday after the company reported an 8% decrease in park attendance for the 2014 second quarter.

The theme park company posted a 4% increase in revenue for the most recent quarter to $377 million, which fell short of the FactSet consensus estimate of $395.2 million.

However, Six Flags announced an increase in net income to $66.3 million for the 2014 second quarter, compared to 47.4 million, for the 2013 second quarter.

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Six Flags posted earning per basic share of 70 cents for the 2014 second quarter versus 49 cents for the same period in 2013. Diluted earnings were 67 cents per share for the latest quarter, compared to 47 cents per share for last year's second quarter.

Separately, TheStreet Ratings team rates SIX FLAGS ENTERTAINMENT CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate SIX FLAGS ENTERTAINMENT CORP (SIX) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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