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

PENN Entertainment (NASDAQ:PENN) is anticipated to release 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 that wish to register for the company’s earnings conference call can do so using this link.

PENN Entertainment Stock Up 0.8 %

Shares of PENN Entertainment stock opened at $21.07 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. The company’s fifty day simple moving average is $20.10 and its two-hundred day simple moving average is $19.72. The company has a market cap of $3.22 billion, a P/E ratio of -5.94, a PEG ratio of 1.55 and a beta of 2.09. PENN Entertainment has a 12-month low of $13.50 and a 12-month high of $23.08.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PENN shares. Jefferies Financial Group boosted their price objective on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. raised shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $27.00 in a research report on Friday, December 13th. JMP Securities reissued a “market perform” rating on shares of PENN Entertainment in a research report on Thursday, January 16th. Needham & Company LLC reissued a “buy” rating and set a $26.00 price objective on shares of PENN Entertainment in a research report on Friday, November 8th. Finally, Macquarie boosted their target price on shares of PENN Entertainment from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, PENN Entertainment has an average rating of “Hold” and an average 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.