PENN Entertainment (PENN) Expected to Announce Quarterly Earnings on Thursday

PENN Entertainment (NASDAQ:PENN) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect PENN Entertainment to post earnings of ($0.41) per share and revenue of $1.67 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

PENN Entertainment Stock Performance

Shares of PENN stock opened at $21.07 on Tuesday. The firm has a 50-day moving average of $20.10 and a 200-day moving average of $19.72. The company has a market cap of $3.22 billion, a P/E ratio of -5.94, a P/E/G ratio of 1.55 and a beta of 2.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. PENN Entertainment has a one year low of $13.50 and a one year high of $23.08.

Analysts Set New Price Targets

A number of analysts recently issued reports on PENN shares. Bank of America started coverage on shares of PENN Entertainment in a report on Wednesday, November 13th. They set a “neutral” rating and a $22.00 price objective for the company. Benchmark restated a “hold” rating on shares of PENN Entertainment in a research report on Friday, November 8th. Susquehanna cut their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a “positive” rating for the company in a research report on Monday, November 4th. StockNews.com lowered shares of PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 17th. Finally, JMP Securities reiterated a “market perform” rating on shares of PENN Entertainment in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PENN Entertainment currently has an average rating of “Hold” and a consensus target price of $23.50.

PENN Entertainment Company Profile

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.