The closing price of PENN Entertainment Inc (NASDAQ: PENN) was $16.60 for the day, down -2.70% from the previous closing price of $17.06. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 5766068 shares were traded.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ratios:
Our analysis of PENN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.30. 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 the company, BofA Securities on November 20, 2023, Upgraded its rating to Buy and sets its target price to $30 from $27 previously.
On October 12, 2023, CapitalOne started tracking the stock assigning a Equal Weight rating and target price of $25.
Truist Downgraded its Buy to Hold on August 10, 2023, whereas the target price for the stock was revised from $33 to $30.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 03 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. The President and CEO now owns 689,072 shares after completing the transaction at $25.25 per share. On Nov 06, 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 2.53B and an Enterprise Value of 13.00B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 2.04 whereas that against EBITDA is 32.49.
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 23.20, while the 200-Day Moving Average is calculated to be 23.71.
Shares Statistics:
PENN traded an average of 5.55M shares per day over the past three months and 8.69M shares per day over the past ten days. A total of 151.55M shares are outstanding, with a floating share count of 151.04M. Insiders hold about 0.91% of the company’s shares, while institutions hold 91.36% stake in the company. Shares short for PENN as of Jan 31, 2024 were 17.57M with a Short Ratio of 3.16, compared to 17.39M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 11.58% and a Short% of Float of 13.62%.
Earnings Estimates
The firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of -$0.51 for the current quarter, with a high estimate of -$0.38 and a low estimate of -$0.65, while EPS last year was $3.05. The consensus estimate for the next quarter is $0.08, with high estimates of $0.23 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.18 and -$1.08 for the fiscal current year, implying an average EPS of -$0.64. EPS for the following year is $1.14, with 11 analysts recommending between $1.48 and $0.24.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 14 analysts. 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 4.20% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $1.7B, an increase of 1.90% less than the figure of $4.20% 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 14 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 14 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.
