Flutter Entertainment (NYSE:FLUT) Announces Earnings Results

Flutter Entertainment (NYSE:FLUT - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $2.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.93, Zacks reports. The company had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.02 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. Flutter Entertainment updated its FY 2025 guidance to EPS.

Flutter Entertainment Price Performance

Shares of NYSE FLUT traded down $9.19 during midday trading on Friday, reaching $248.02. 3,095,753 shares of the stock traded hands, compared to its average volume of 1,588,790. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The company's 50 day moving average is $267.23 and its 200 day moving average is $251.02. Flutter Entertainment has a one year low of $174.03 and a one year high of $299.73. The stock has a market capitalization of $44.02 billion and a PE ratio of 1,127.38.

Analyst Ratings Changes

FLUT has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a "buy" rating and a $320.00 price target on the stock. Truist Financial initiated coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They issued a "buy" rating and a $330.00 target price for the company. Macquarie reissued an "outperform" rating and issued a $340.00 target price on shares of Flutter Entertainment in a research report on Wednesday. Oppenheimer boosted their target price on Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company boosted their target price on Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday. Eighteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $311.41.

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Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.