{"id":29546,"date":"2014-08-26T11:02:27","date_gmt":"2014-08-26T15:02:27","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=29546"},"modified":"2014-08-26T11:02:27","modified_gmt":"2014-08-26T15:02:27","slug":"seaworld-entertainment-inc-nyseseas-puts-250-million-up-for-grabs","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/seaworld-entertainment-inc-nyseseas-puts-250-million-up-for-grabs-29546","title":{"rendered":"SeaWorld Entertainment Inc (NYSE:SEAS) Puts $250 Million Up For Grabs"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/26\/2014 (wallstreetpr) \u2013 <strong>SeaWorld Entertainment Inc (NYSE:SEAS)<\/strong>, a $1.8 billion theme park and entertainment company is facing <a href=\"http:\/\/www.travelweekly.com\/North-America-Travel\/SeaWorld-campaign-designed-to-ease-killer-whale-dispute\/\" target=\"_blank\">negative media onslaught<\/a> over its treatment of the killer whales at its theme parks. Such attacks have had their fair share of the company\u2019s financial performance in the recent past even to the latest quarter. However, the company does not forget to put a smile on the faces of its shareholders even in the middle of such challenges. It has $250 million for a stock repurchase program that begins January.<\/p>\n<p style=\"text-align: justify;\">The company has slightly over 90 million shares outstanding, and each share currently trades in the region of $20. The shares are down almost 40% over the past 12 months.<\/p>\n<p style=\"text-align: justify;\"><strong>Battered image<\/strong><\/p>\n<p style=\"text-align: justify;\">Concerning negative media company, SeaWorld Entertainment Inc (NYSE:SEAS) suffered a reputation blow from the airing of the controversial documentary known as \u2018Blackfish&#8217;. The documentary that aired on CNN portrayed the company in a bad light, especially concerning the treatment of its killer whales that have claimed the lives of some trainers. However,\u00a0SeaWorld Entertainment Inc (NYSE:SEAS) is not taking the attacks lying down. It has pledged $10 million to improve the environment of the killer whales. There are also image-promotion efforts that seek to undo the image damaged suffered because of the \u2018Blackfish\u2019 documentary.<\/p>\n<p style=\"text-align: justify;\"><strong>Expectation adjusted<\/strong><\/p>\n<p style=\"text-align: justify;\">In the meantime, SeaWorld Entertainment Inc (NYSE:SEAS) narrowed its performance outlook for 2014. The management expects revenue for the full-year to decline in the band of 6%-7% compared with the originally issued revenue guidance for the year. Additionally, Ebitda for 2014 is also expected to decline in the range of 14%-16%.<\/p>\n<p style=\"text-align: justify;\">SeaWorld Entertainment Inc (NYSE:SEAS) reported revenue of $405.2 million in the latest quarter, which compared unfavorably with $411.3 million generated in the same period last year. Even attendance at SeaWorld Entertainment Inc (NYSE:SEAS)\u2019s parks declined in the quarter, dropping 0.3% to 6.6 million, mainly because of the negative publicity linked to the \u2018Blackfish\u2019.<\/p>\n<p style=\"text-align: justify;\">According to SeaWorld Entertainment Inc (NYSE:SEAS)\u2019s CEO, Jim Atchison, they are ramping up their communication efforts through truth campaigns that are aimed at countering the recent media attention on their business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/26\/2014 (wallstreetpr) \u2013 SeaWorld Entertainment Inc (NYSE:SEAS), a $1.8 billion theme park and entertainment company is facing negative media onslaught over its treatment [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":29547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[8389,6682,6680],"stock_ticker":[],"class_list":["post-29546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-jim-atchison","tag-nyseseas","tag-seaworld-entertainment-inc-nyseseas","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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