PENN Entertainment Inc (NASDAQ: PENN) closed the day trading at $17.03 down -1.45% from the previous closing price of $17.28. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 11135948 shares were traded.
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Ratios:
For a better understanding of PENN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.07. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2.63B and an Enterprise Value of 13.11B. 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 0.81. Its current Enterprise Value per Revenue stands at 2.06 whereas that against EBITDA is 32.75.
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 20.17, while the 200-Day Moving Average is calculated to be 22.95.
Shares Statistics:
Over the past 3-months, PENN traded about 5.56M shares per day on average, while over the past 10 days, PENN traded about 5.21M shares per day. 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 Feb 29, 2024 were 25.56M with a Short Ratio of 4.60, compared to 17.57M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.77% and a Short% of Float of 19.73%.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. 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
15 analysts predict $1.66B in revenue for the current 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 4.00% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $1.7B, an increase of 1.80% less than the figure of $4.00% 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 17 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 $6.86B. In the same quarter a year ago, actual revenue was $6.36B, up 7.80% from the average estimate. Based on 17 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 5.70% from the average revenue estimate for this year.
