Flutter Entertainment (FLUT) Set to Announce Quarterly Earnings on Tuesday

Flutter Entertainment (NYSE:FLUT) will release its earnings data after the market closes on Tuesday, November 12th. Analysts expect Flutter Entertainment to post earnings of $0.17 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.41 billion. On average, analysts expect Flutter Entertainment to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock traded up $0.39 on Tuesday, reaching $227.52. The stock had a trading volume of 494,512 shares, compared to its average volume of 1,081,742. Flutter Entertainment has a fifty-two week low of $148.00 and a fifty-two week high of $252.84. The business’s 50-day moving average price is $227.00 and its two-hundred day moving average price is $206.31.

Flutter Entertainment announced that its board has initiated a share buyback plan on Wednesday, September 25th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Craig Hallum lifted their price objective on Flutter Entertainment from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Susquehanna lifted their price target on Flutter Entertainment from $230.00 to $273.00 and gave the stock a “positive” rating in a research report on Monday, October 7th. Oppenheimer increased their price objective on Flutter Entertainment from $255.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Barclays raised their price objective on shares of Flutter Entertainment from $263.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Finally, BTIG Research raised their price target on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $275.92.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.