PENN Entertainment (NASDAQ:PENN - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.44) 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 firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion.
PENN Entertainment Price Performance
PENN stock traded down $0.75 during mid-day trading on Monday, hitting $20.76. The company had a trading volume of 5,867,047 shares, compared to its average volume of 4,848,716. The company has a 50-day moving average price of $20.29 and a 200 day moving average price of $19.79. PENN Entertainment has a 12-month low of $13.50 and a 12-month high of $23.08. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -5.85, a P/E/G ratio of 1.55 and a beta of 2.09. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Needham & Company LLC cut their price target on PENN Entertainment from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Friday. Benchmark reiterated a "hold" rating on shares of PENN Entertainment in a research report on Monday. JPMorgan Chase & Co. upgraded PENN Entertainment from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $19.00 to $27.00 in a research note on Friday, December 13th. Stifel Nicolaus lifted their target price on PENN Entertainment from $20.00 to $21.00 and gave the company a "hold" rating in a research report on Tuesday, February 11th. Finally, Bank of America initiated coverage on PENN Entertainment in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $23.63.
Read Our Latest Report on PENN Entertainment
PENN Entertainment Company Profile
(
Get Free Report)
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.
Read More
Before you consider PENN Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PENN Entertainment wasn't on the list.
While PENN Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
