DraftKings (NASDAQ:DKNG - Get Free Report) is anticipated to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $1.40 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.
DraftKings (NASDAQ:DKNG - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.18). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. DraftKings had a negative return on equity of 41.23% and a negative net margin of 9.06%. On average, analysts expect DraftKings to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
DraftKings Stock Performance
Shares of NASDAQ:DKNG traded down $0.16 during mid-day trading on Friday, reaching $42.28. 6,553,591 shares of the company traded hands, compared to its average volume of 6,943,352. The company's 50 day moving average price is $40.35 and its 200-day moving average price is $38.40. The firm has a market cap of $20.62 billion, a PE ratio of -48.04, a PEG ratio of 3.18 and a beta of 1.93. DraftKings has a 52 week low of $28.69 and a 52 week high of $49.57. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.00 and a quick ratio of 1.00.
Insider Buying and Selling
In other DraftKings news, insider Jason Robins sold 3,151 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $43.71, for a total value of $137,730.21. Following the completion of the sale, the insider now owns 2,631,033 shares of the company's stock, valued at $115,002,452.43. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Liberman sold 200,000 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $39.00, for a total value of $7,800,000.00. Following the transaction, the insider now directly owns 1,342,722 shares in the company, valued at approximately $52,366,158. This represents a 12.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 963,742 shares of company stock worth $38,082,888 over the last three months. 51.19% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on DKNG. Susquehanna reduced their price objective on shares of DraftKings from $56.00 to $54.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on DraftKings from $47.00 to $52.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Morgan Stanley boosted their price objective on DraftKings from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Macquarie increased their target price on DraftKings from $50.00 to $51.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $60.00 price target on shares of DraftKings in a report on Friday. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.92.
Read Our Latest Stock Report on DraftKings
About DraftKings
(
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DraftKings Inc operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.
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