PENN Entertainment (PENN) Expected to Announce Earnings on Thursday

PENN Entertainment (NASDAQ:PENN) will likely be posting its quarterly earnings results 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

PENN Entertainment Trading Down 2.6 %

Shares of PENN opened at $21.62 on Thursday. The company’s fifty day moving average is $20.07 and its 200 day moving average is $19.65. PENN Entertainment has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. The stock has a market capitalization of $3.30 billion, a PE ratio of -6.09, a P/E/G ratio of 1.66 and a beta of 2.09. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of PENN Entertainment from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $27.00 in a research report on Friday, December 13th. Jefferies Financial Group boosted their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. JMP Securities restated a “market perform” rating on shares of PENN Entertainment in a research report on Thursday, January 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price objective on shares of PENN Entertainment in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.50.

About PENN Entertainment

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.