PENN Entertainment (PENN) Projected to Release Earnings on Thursday

PENN Entertainment (NASDAQ:PENN) is projected to release its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.3736 per share and revenue of $1.8604 billion for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, August 6, 2026 at 9:00 AM ET.

PENN Entertainment Stock Performance

NASDAQ PENN opened at $19.98 on Tuesday. The stock has a 50-day simple moving average of $20.67 and a two-hundred day simple moving average of $16.83. The firm has a market capitalization of $2.67 billion, a P/E ratio of -2.97, a PEG ratio of 0.39 and a beta of 1.42. PENN Entertainment has a fifty-two week low of $11.65 and a fifty-two week high of $22.36. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.82 and a current ratio of 0.82.

Hedge Funds Weigh In On PENN Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the business. Shapiro Capital Management LLC boosted its position in PENN Entertainment by 6.6% during the third quarter. Shapiro Capital Management LLC now owns 6,856,778 shares of the company’s stock worth $132,062,000 after purchasing an additional 425,190 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of PENN Entertainment by 74.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,930,293 shares of the company’s stock valued at $75,697,000 after buying an additional 1,679,953 shares in the last quarter. AQR Capital Management LLC increased its position in shares of PENN Entertainment by 824.3% in the fourth quarter. AQR Capital Management LLC now owns 3,499,700 shares of the company’s stock valued at $51,341,000 after buying an additional 3,121,051 shares in the last quarter. Armistice Capital LLC raised its stake in shares of PENN Entertainment by 48.8% during the 3rd quarter. Armistice Capital LLC now owns 2,103,666 shares of the company’s stock worth $40,517,000 after buying an additional 690,078 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of PENN Entertainment by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,142,681 shares of the company’s stock worth $16,854,000 after buying an additional 19,151 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on PENN shares. Susquehanna upped their target price on PENN Entertainment from $24.00 to $28.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Stifel Nicolaus lifted their price target on PENN Entertainment from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, June 12th. The Goldman Sachs Group began coverage on PENN Entertainment in a report on Friday, June 26th. They issued a “buy” rating and a $26.00 price target for the company. Morgan Stanley upped their price objective on PENN Entertainment from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of PENN Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.78.

PENN Entertainment Company Profile

PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.