PENN Entertainment (PENN) Scheduled to Post Quarterly Earnings on Thursday

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

PENN Entertainment (NASDAQ:PENN) last released its quarterly 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). PENN Entertainment had a positive return on equity of 1.31% and a negative net margin of 7.70%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.54 billion. 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 2.4 %

NASDAQ:PENN opened at $17.84 on Thursday. PENN Entertainment has a 52 week low of $15.88 and a 52 week high of $31.63. The stock’s fifty day moving average is $17.65 and its two-hundred day moving average is $21.39. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -4.90 and a beta of 2.06.

Wall Street Analyst Weigh In

PENN has been the topic of a number of recent research reports. Barclays cut their price objective on PENN Entertainment from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Needham & Company LLC cut their price objective on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. StockNews.com lowered PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Benchmark initiated coverage on PENN Entertainment in a research report on Tuesday, April 16th. They set a “hold” rating on the stock. Finally, Macquarie cut their price objective on 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.80.

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.