As of close of business last night, PENN Entertainment Inc’s stock clocked out at $16.93, down -6.20% from its previous closing price of $18.05. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 5698550 shares were traded. PENN stock price reached its highest trading level at $17.68 during the session, while it also had its lowest trading level at $16.83.
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 2.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.91. 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:
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 2.75B and an Enterprise Value of 13.22B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 2.08 whereas that against EBITDA is 33.04.
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 18.93, while the 200-Day Moving Average is calculated to be 22.53.
Shares Statistics:
It appears that PENN traded 5.59M shares on average per day over the past three months and 3.83M shares per day 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 91.34% stake in the company. Shares short for PENN as of Mar 28, 2024 were 28.69M with a Short Ratio of 5.13, compared to 25.56M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.82% and a Short% of Float of 22.14%.
Earnings Estimates
As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.57 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 $0.08, 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 -$0.69. EPS for the following year is $1.15, with 13 analysts recommending between $1.61 and $0.15.
Revenue Estimates
In the current quarter, 16 analysts expect revenue to total $1.65B. 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 3.30% 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 $3.30% 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 7.60% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $7.24B in the next fiscal year. The high estimate is $7.53B and the low estimate is $6.71B. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
