Flutter Entertainment (FLUT) to Release Earnings on Tuesday

Flutter Entertainment (NYSE:FLUT) will post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Flutter Entertainment to post earnings of $0.17 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.07 by $1.26. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.41 billion. On average, analysts expect Flutter Entertainment to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $248.04 on Friday. Flutter Entertainment has a fifty-two week low of $148.00 and a fifty-two week high of $252.84. The stock’s fifty day moving average is $229.28 and its two-hundred day moving average is $207.63.

Flutter Entertainment declared that its board has authorized a stock buyback program on Wednesday, September 25th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FLUT. Oppenheimer upped their price target on Flutter Entertainment from $255.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Morgan Stanley started coverage on Flutter Entertainment in a report on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 target price for the company. Moffett Nathanson lifted their price target on Flutter Entertainment from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Craig Hallum upped their price objective on shares of Flutter Entertainment from $240.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, BTIG Research raised their price objective on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $278.23.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.