Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, PENN Entertainment Inc’s stock clocked out at $16.44, down -0.60% from its previous closing price of $16.54. In other words, the price has decreased by -$0.60 from its previous closing price. On the day, 7.58 million shares were traded. PENN stock price reached its highest trading level at $17.12 during the session, while it also had its lowest trading level at $16.27.
Ratios:
To gain a deeper understanding of PENN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.03. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 3.60 whereas as Long-Term Debt/Eq ratio is at 3.47.
On March 26, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $29.Mizuho initiated its Buy rating on March 26, 2024, with a $29 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 03 ’24 when Rogers Christopher Byron sold 5,017 shares for $25.23 per share. The transaction valued at 126,579 led to the insider holds 30,214 shares of the business.
Snowden Jay A sold 172,930 shares of PENN for $4,366,482 on Dec 26 ’23. The President and CEO now owns 689,072 shares after completing the transaction at $25.25 per share. On Nov 06 ’23, another insider, SCACCETTI JANE, who serves as the Director of the company, bought 4,400 shares for $22.83 each. As a result, the insider paid 100,452 and bolstered with 63,414 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PENN now has a Market Capitalization of 2506935808 and an Enterprise Value of 12924314624. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 2.031 whereas that against EBITDA is 15.508.
Stock Price History:
The Beta on a monthly basis for PENN is 2.06, which has changed by -0.3676923 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, PENN has reached a high of $31.63, while it has fallen to a 52-week low of $15.88. The 50-Day Moving Average of the stock is -6.11%, while the 200-Day Moving Average is calculated to be -25.15%.
Shares Statistics:
It appears that PENN traded 5.78M shares on average per day over the past three months and 5997250 shares per day over the past ten days. A total of 151.55M shares are outstanding, with a floating share count of 150.34M. Insiders hold about 1.01% of the company’s shares, while institutions hold 90.50% stake in the company. Shares short for PENN as of 1713139200 were 29989208 with a Short Ratio of 5.19, compared to 1710460800 on 26025235. Therefore, it implies a Short% of Shares Outstanding of 29989208 and a Short% of Float of 22.299999.
Earnings Estimates
Investors are keenly observing as 12.0 analysts analyze and rate the current performance of PENN Entertainment Inc (PENN) in the stock market.On average, analysts expect EPS of -$0.59 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.76, while EPS last year was $3.05. The consensus estimate for the next quarter is $0.05, with high estimates of $0.2 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.33 and -$1.08 for the fiscal current year, implying an average EPS of -$0.72. EPS for the following year is $1.11, with 13.0 analysts recommending between $1.61 and $0.15.
Revenue Estimates
In the current quarter, 17 analysts expect revenue to total $1.63B. It ranges from a high estimate of $1.72B to a low estimate of $1.54B. As of the current estimate, PENN Entertainment Inc’s year-ago sales were $1.59BFor the next quarter, 17 analysts are estimating revenue of $1.7B. There is a high estimate of $1.79B for the next quarter, whereas the lowest estimate is $1.59B.
A total of 19 analysts have provided revenue estimates for PENN’s current fiscal year. The highest revenue estimate was $6.97B, while the lowest revenue estimate was $6.53B, resulting in an average revenue estimate of $6.83B. In the same quarter a year ago, actual revenue was $6.36BBased on 18 analysts’ estimates, the company’s revenue will be $7.23B in the next fiscal year. The high estimate is $7.49B and the low estimate is $6.89B.
