PENN Entertainment (NASDAQ: PENN – Find Trading ) will release its earnings data before the market opens on Thursday, February 2nd. Analysts expect PENN Entertainment to post earnings of $0.33 per share for the quarter. PENN Entertainment has set its FY 2022 EPS guidance. Those interested in registering for the company’s earnings conference call can do so using this link.
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PENN Entertainment (NASDAQ: PENN – Get Rated ) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.34. PENN Entertainment has a margin of 3.86% and a return on equity of 6.42%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. On average, analysts expect that PENN Entertainment will post EPS of $1 for the current fiscal year and $2 of EPS for the next fiscal year.
PENN Entertainment Price Performance
PENN stock opened at $33.96 on Thursday. PENN Entertainment has a 1 year low of $25.49 and a 1 year high of $51.72. The company has a market cap of $5.27 billion, a P/E ratio of 23.92, a PEG ratio of 1.62 and a beta of 2.18. The firm has a 50 day moving average of 32.69 and a 200 day moving average of 32.34 days. The company has a bottom-to-equity ratio of 1.87, a current ratio of 1.79 and a quick ratio of 1.79.
Buy and sell inside PENN Entertainment
In other news, CEO Jay A. Snowden sold 163,475 shares of the business’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $30.12, for a total value of $4,923,867.00. After the sale, the chief executive officer now directly owns 604,527 shares in the company, which are valued at approximately $18,208,353.24. The transaction was announced in a regulatory filing with the SEC, available at this link. 1.50% of the stock is currently owned by insiders.
PENN Institute of Commerce Entertainment
A number of large investors have recently made changes to their positions in PENN. Stonebridge Capital Advisors LLC bought a new stake in shares of PENN Entertainment in the 1st quarter worth about $50,000. Canada Pension Plan Investment Board increased its holdings in shares of PENN Entertainment by 44.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,592 shares of the company’s stock worth $68,000 after buying an additional 493 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of PENN Entertainment by 72.5% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,185 shares of the company’s stock valued at $177,000 after buying an additional 1,759 shares during the period. Vident Investment Advisory LLC raised its stake in PENN Entertainment by 11.2% in the 1st quarter. Vident Investment Advisory LLC now owns 5,744 shares of the company’s stock valued at $244,000 after purchasing an additional 579 shares during the period. Finally, AJ Wealth Strategies LLC bought a new position in shares of PENN Entertainment during the first quarter worth about $263,000. 84.40% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on PENN. Jefferies Financial Group cut shares of PENN Entertainment from a “buy” rating to a “hold” rating and reduced their target price for the company from $50.00 to $34.00 in a research note on Monday, January 9th. Canaccord Genuity Group started coverage on shares of PENN Entertainment in a report on Thursday, October 6th. They issued a “buy” rating on the stock. JMP Securities dropped their price target on shares of PENN Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a research note on Friday, January 20th. Morgan Stanley began coverage on shares of PENN Entertainment in a research note on Monday, November 21st. They set an “equal weight” rating and a $36.00 price target on the stock. Finally, Wells Fargo & Company dropped their target price on shares of PENN Entertainment from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, October 21st. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a price target of $46.59.
About PENN Entertainment
(Get a quote)
PENN Entertainment, Inc owns and operates sports and racing facilities and operates video gaming terminals specializing in scrolling machine entertainment. It operates in the following business segments: Northeast, South, West, Midwest, and others. The Northeast section contains properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor.
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