PENN Entertainment (PENN) Scheduled to Post Earnings on Thursday

PENN Entertainment (NASDAQ:PENN) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect PENN Entertainment to post earnings of ($0.51) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

PENN Entertainment (NASDAQ:PENN) last released its earnings results on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.54 billion. PENN Entertainment had a positive return on equity of 1.31% and a negative net margin of 7.70%. 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 Up 1.0 %

PENN stock opened at $17.03 on Tuesday. The firm has a 50 day moving average of $17.54 and a 200 day moving average of $21.30. The stock has a market capitalization of $2.59 billion, a PE ratio of -4.68 and a beta of 2.06. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.60. PENN Entertainment has a 52 week low of $15.88 and a 52 week high of $31.63.

Wall Street Analysts Forecast Growth

PENN has been the subject of several research reports. Stifel Nicolaus decreased their price objective on shares of PENN Entertainment from $27.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Needham & Company LLC dropped their target price on shares of PENN Entertainment from $33.00 to $32.00 and set a “buy” rating for the company in a report on Friday, February 16th. Morgan Stanley upped their target price on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. JMP Securities reissued a “market perform” rating on shares of PENN Entertainment in a research report on Tuesday, April 23rd. Finally, Macquarie lowered their price target on shares of PENN Entertainment from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.13.

About PENN Entertainment

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.