PENN Leisure, Inc. (NASDAQ:PENN – Get Rating) – Analysis analysts at Jefferies Monetary Group lowered their Q2 2023 EPS estimates for shares of PENN Leisure in a report launched on Monday, January ninth. Jefferies Monetary Group analyst D. Katz now expects that the corporate will submit earnings of $0.52 per share for the quarter, down from their prior forecast of $0.54. Jefferies Monetary Group has a “Maintain” ranking and a $34.00 value goal on the inventory. The consensus estimate for PENN Leisure’s present full-year earnings is $1.49 per share. Jefferies Monetary Group additionally issued estimates for PENN Leisure’s Q3 2023 earnings at $0.44 EPS, This fall 2023 earnings at $0.50 EPS, FY2023 earnings at $1.85 EPS and FY2024 earnings at $1.96 EPS.
PENN Leisure (NASDAQ:PENN – Get Rating) final posted its quarterly earnings information on Thursday, November third. The corporate reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.34. The agency had income of $1.63 billion for the quarter, in comparison with the consensus estimate of $1.58 billion. PENN Leisure had a web margin of three.86% and a return on fairness of 6.42%.
Different equities analysts additionally not too long ago issued experiences in regards to the inventory. Credit score Suisse Group reduce their value goal on shares of PENN Leisure from $66.00 to $50.00 and set an “outperform” ranking on the inventory in a report on Friday, November 4th. Canaccord Genuity Group assumed protection on shares of PENN Leisure in a report on Thursday, October sixth. They set a “purchase” ranking on the inventory. Truist Monetary dropped their value goal on shares of PENN Leisure from $48.00 to $40.00 and set a “purchase” ranking on the inventory in a report on Tuesday, October twenty fifth. JPMorgan Chase & Co. downgraded shares of PENN Leisure from an “obese” ranking to a “impartial” ranking and upped their value goal for the corporate from $38.00 to $39.00 in a report on Monday, November twenty eighth. Lastly, Financial institution of America dropped their value goal on shares of PENN Leisure from $40.00 to $35.00 in a report on Wednesday, January 4th. 9 analysis analysts have rated the inventory with a maintain ranking and ten have assigned a purchase ranking to the corporate’s inventory. In line with information from MarketBeat.com, the corporate has a consensus ranking of “Average Purchase” and a mean goal value of $48.83.
PENN Leisure Worth Efficiency
Shares of NASDAQ:PENN opened at $31.31 on Wednesday. The corporate’s 50-day shifting common is $33.06 and its 200 day shifting common is $32.24. The corporate has a debt-to-equity ratio of 1.87, a fast ratio of 1.79 and a present ratio of 1.79. The corporate has a market capitalization of $4.86 billion, a P/E ratio of twenty-two.05, a price-to-earnings-growth ratio of 1.37 and a beta of two.18. PENN Leisure has a fifty-two week low of $25.49 and a fifty-two week excessive of $51.72.
Institutional Buying and selling of PENN Leisure
Institutional buyers have not too long ago made modifications to their positions within the inventory. HG Vora Capital Administration LLC lifted its stake in PENN Leisure by 114.3% within the third quarter. HG Vora Capital Administration LLC now owns 7,500,000 shares of the corporate’s inventory price $206,325,000 after buying a further 4,000,000 shares through the interval. Contrarius Funding Administration Ltd bought a brand new stake in PENN Leisure within the second quarter price $75,776,000. Financial institution of Nova Scotia bought a brand new stake in PENN Leisure within the second quarter price $65,983,000. Lengthy Pond Capital LP bought a brand new stake in PENN Leisure within the second quarter price $38,990,000. Lastly, Renaissance Applied sciences LLC lifted its stake in PENN Leisure by 79.3% within the first quarter. Renaissance Applied sciences LLC now owns 1,789,038 shares of the corporate’s inventory price $75,891,000 after buying a further 791,500 shares through the interval. Hedge funds and different institutional buyers personal 84.40% of the corporate’s inventory.
Insiders Place Their Bets
In different information, CEO Jay A. Snowden offered 163,475 shares of the inventory in a transaction that occurred on Tuesday, December twenty seventh. The inventory was offered at a mean value of $30.12, for a complete transaction of $4,923,867.00. Following the completion of the sale, the chief govt officer now owns 604,527 shares of the corporate’s inventory, valued at $18,208,353.24. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by way of the SEC website. 1.50% of the inventory is owned by insiders.
PENN Leisure Firm Profile
PENN Leisure, Inc, along with its subsidiaries, gives built-in leisure, sports activities content material, and on line casino gaming experiences in North America. The corporate operates by way of 5 segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; on-line sports activities betting in 13 jurisdictions; and iCasino in 5 underneath a portfolio of manufacturers, together with Hollywood On line casino, L’Auberge, Barstool Sportsbook, and theScore Guess.
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