PENN Entertainment (NASDAQ:PENN - Get Free Report) released its earnings results on Thursday. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.03), Zacks reports. PENN Entertainment had a negative return on equity of 14.44% and a negative net margin of 8.51%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion.
PENN Entertainment Stock Down 3.5 %
PENN traded down $0.75 during trading hours on Monday, reaching $20.76. 5,867,047 shares of the stock traded hands, compared to its average volume of 4,848,716. PENN Entertainment has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -5.85, a PEG ratio of 1.55 and a beta of 2.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The firm's fifty day simple moving average is $20.29 and its two-hundred day simple moving average is $19.79.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $19.00 to $27.00 in a report on Friday, December 13th. StockNews.com cut PENN Entertainment from a "hold" rating to a "sell" rating in a report on Friday, January 17th. Macquarie restated an "outperform" rating and set a $26.00 price target on shares of PENN Entertainment in a research note on Friday. Needham & Company LLC reduced their price objective on PENN Entertainment from $26.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Bank of America began coverage on PENN Entertainment in a report on Wednesday, November 13th. They set a "neutral" rating and a $22.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $23.63.
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PENN Entertainment Company Profile
(
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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.
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