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, August 8th. Analysts expect PENN Entertainment to post earnings of ($0.27) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

PENN Entertainment Price Performance

Shares of NASDAQ PENN opened at $17.47 on Wednesday. The firm has a market capitalization of $2.66 billion, a P/E ratio of -2.36 and a beta of 2.11. PENN Entertainment has a one year low of $13.50 and a one year high of $29.38. The company’s fifty day moving average is $18.49 and its two-hundred day moving average is $18.38. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.04.

Insider Transactions at PENN Entertainment

In other news, Director David A. Handler bought 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of $14.94 per share, with a total value of $597,600.00. Following the completion of the purchase, the director now directly owns 283,450 shares of the company’s stock, valued at approximately $4,234,743. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.19% of the company’s stock.

Analyst Upgrades and Downgrades

PENN has been the subject of several research reports. Morgan Stanley lifted their price target on PENN Entertainment from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, July 12th. Benchmark reissued a “hold” rating on shares of PENN Entertainment in a research note on Friday, May 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price objective on shares of PENN Entertainment in a research note on Wednesday, May 15th. Canaccord Genuity Group dropped their price objective on shares of PENN Entertainment from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Craig Hallum upgraded PENN Entertainment from a “hold” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $30.00 in a report on Friday, June 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.03.

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.