In the latest session, PENN Entertainment Inc (NASDAQ: PENN) closed at $17.89 up 1.65% from its previous closing price of $17.60. In other words, the price has increased by $+0.29 from its previous closing price. On the day, 4429052 shares were traded.
Ratios:
For a deeper understanding of PENN Entertainment Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.43. 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on March 26, 2024, initiated with a Buy rating and assigned the stock a target price of $29.
On November 20, 2023, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $27 to $30.
On October 12, 2023, CapitalOne started tracking the stock assigning a Equal Weight rating and target price of $25.CapitalOne initiated its Equal Weight rating on October 12, 2023, with a $25 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2.68B and an Enterprise Value of 13.15B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 2.07 whereas that against EBITDA is 32.87.
Stock Price History:
Over the past 52 weeks, PENN has reached a high of $31.63, while it has fallen to a 52-week low of $16.46. The 50-Day Moving Average of the stock is 19.34, while the 200-Day Moving Average is calculated to be 22.66.
Shares Statistics:
For the past three months, PENN has traded an average of 5.74M shares per day and 5.33M over the past ten days. A total of 151.55M shares are outstanding, with a floating share count of 150.89M. Insiders hold about 1.01% of the company’s shares, while institutions hold 91.37% stake in the company. Shares short for PENN as of Mar 15, 2024 were 26.03M with a Short Ratio of 4.53, compared to 21.09M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 17.07% and a Short% of Float of 20.08%.
Earnings Estimates
There are 12 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.55 for the current quarter, with a high estimate of -$0.38 and a low estimate of -$0.76, while EPS last year was $3.05. The consensus estimate for the next quarter is $0.08, with high estimates of $0.2 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.67 and -$1.08 for the fiscal current year, implying an average EPS of -$0.59. EPS for the following year is $1.13, with 13 analysts recommending between $1.48 and $0.24.
Revenue Estimates
A total of 16 analysts believe the company’s revenue will be $1.65B this quarter.It ranges from a high estimate of $1.75B to a low estimate of $1.57B. As of the current estimate, PENN Entertainment Inc’s year-ago sales were $1.59B, an estimated increase of 3.70% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $1.7B, an increase of 1.90% less than the figure of $3.70% in the same quarter last year. There is a high estimate of $1.79B for the next quarter, whereas the lowest estimate is $1.59B.
A total of 18 analysts have provided revenue estimates for PENN’s current fiscal year. The highest revenue estimate was $7.02B, while the lowest revenue estimate was $6.57B, resulting in an average revenue estimate of $6.85B. In the same quarter a year ago, actual revenue was $6.36B, up 7.70% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $7.25B in the next fiscal year. The high estimate is $7.59B and the low estimate is $6.71B. The average revenue growth estimate for next year is up 5.80% from the average revenue estimate for this year.
