Bally's (NYSE:BALY - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Bally's to post earnings of ($0.25) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
Bally's (NYSE:BALY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($1.24) EPS for the quarter, beating analysts' consensus estimates of ($1.47) by $0.23. Bally's had a negative net margin of 22.52% and a negative return on equity of 51.13%. The firm had revenue of $621.66 million for the quarter, compared to the consensus estimate of $641.17 million. During the same period in the prior year, the firm posted ($0.25) EPS. The firm's revenue was up 2.5% compared to the same quarter last year. On average, analysts expect Bally's to post $-5 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
Bally's Stock Up 0.4 %
NYSE BALY traded up $0.07 during trading hours on Wednesday, reaching $17.46. 195,771 shares of the company traded hands, compared to its average volume of 464,370. Bally's has a 12 month low of $7.28 and a 12 month high of $18.00. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 9.28. The stock has a market capitalization of $709.98 million, a PE ratio of -1.57 and a beta of 2.08. The company has a 50 day moving average of $17.31 and a two-hundred day moving average of $14.90.
Analyst Ratings Changes
A number of research firms have commented on BALY. Wells Fargo & Company upgraded shares of Bally's from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $11.00 to $18.25 in a research note on Monday, July 29th. Truist Financial reissued a "hold" rating and set a $18.25 target price (up from $16.00) on shares of Bally's in a report on Friday, July 26th. Jefferies Financial Group increased their target price on shares of Bally's from $13.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. JMP Securities reissued a "market perform" rating on shares of Bally's in a report on Monday, July 15th. Finally, Stifel Nicolaus increased their target price on shares of Bally's from $14.00 to $18.25 and gave the stock a "hold" rating in a report on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Bally's presently has a consensus rating of "Hold" and an average target price of $17.14.
Read Our Latest Analysis on BALY
About Bally's
(
Get Free Report)
Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.
Further Reading
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