PENN Entertainment (PENN) Scheduled to Post Earnings on Thursday

PENN Entertainment (NASDAQ:PENN - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect PENN Entertainment to post earnings of ($0.25) per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.09. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. PENN Entertainment had a negative net margin of 19.48% and a negative return on equity of 7.13%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. On average, analysts expect PENN Entertainment to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PENN Entertainment Stock Down 4.6 %

Shares of PENN traded down $0.95 on Thursday, hitting $19.75. 2,490,800 shares of the stock traded hands, compared to its average volume of 5,176,695. The company has a market capitalization of $3.01 billion, a PE ratio of -2.46 and a beta of 2.10. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50 day simple moving average of $18.96 and a 200 day simple moving average of $18.20. PENN Entertainment has a one year low of $13.50 and a one year high of $27.20.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $26.00 price target on shares of PENN Entertainment in a research report on Tuesday, October 8th. Mizuho cut their target price on shares of PENN Entertainment from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PENN Entertainment from $18.00 to $20.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. Macquarie reaffirmed an "outperform" rating and issued a $26.00 target price on shares of PENN Entertainment in a research report on Friday, August 9th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of PENN Entertainment in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.96.

Insider Activity

In other news, Director David A. Handler bought 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $17.51 per share, for a total transaction of $175,100.00. Following the purchase, the director now owns 293,450 shares in the company, valued at $5,138,309.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Jay A. Snowden bought 54,200 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $18.44 per share, for a total transaction of $999,448.00. Following the purchase, the chief executive officer now owns 853,045 shares in the company, valued at $15,730,149.80. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director David A. Handler bought 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $17.51 per share, for a total transaction of $175,100.00. Following the purchase, the director now owns 293,450 shares in the company, valued at $5,138,309.50. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 79,200 shares of company stock valued at $1,450,548 in the last 90 days. Company insiders own 2.19% of the company's stock.

PENN Entertainment Company Profile

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.