Bally's (NYSE:BALY - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of ($0.76) by $1.34, Zacks reports. Bally's had a negative return on equity of 79.10% and a negative net margin of 30.04%. The company had revenue of $580.37 million during the quarter, compared to analysts' expectations of $589.83 million.
Bally's Stock Performance
Shares of NYSE:BALY traded up $0.85 during trading on Friday, reaching $17.92. The company had a trading volume of 451,951 shares, compared to its average volume of 363,742. The stock's fifty day moving average price is $16.96 and its 200 day moving average price is $17.37. Bally's has a fifty-two week low of $10.00 and a fifty-two week high of $18.98. The firm has a market capitalization of $867.28 million, a price-to-earnings ratio of -1.19 and a beta of 2.14. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on BALY shares. Barclays reduced their price objective on Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Stifel Nicolaus reduced their price objective on Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Finally, Citizens Jmp raised Bally's to a "hold" rating in a report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.13.
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Bally's Company Profile
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Bally's Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company's casino and resort properties, a horse racetrack, and a golf course.
Further Reading
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