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

PENN Entertainment (NASDAQ:PENN) is scheduled 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 that wish to listen to the company’s conference call can do so using this link.

PENN Entertainment (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($1.18). The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations 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 2.4 %

Shares of PENN Entertainment stock opened at $17.84 on Thursday. The stock has a 50-day moving average price of $17.65 and a 200 day moving average price of $21.39. The company has a market cap of $2.72 billion, a P/E ratio of -4.90 and a beta of 2.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.60. PENN Entertainment has a 1 year low of $15.88 and a 1 year high of $31.63.

Analysts Set New Price Targets

Several brokerages have weighed in on PENN. Stifel Nicolaus dropped their target price on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Needham & Company LLC dropped their target price 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. JMP Securities reaffirmed a “market perform” rating on shares of PENN Entertainment in a research report on Tuesday. Morgan Stanley upped their target price on PENN Entertainment from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Barclays dropped their target price 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. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.80.

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.