PENN Entertainment Inc (NASDAQ:PENN) has a beta value of 2.06 and has seen 3.39 million shares traded in the last trading session. The company, currently valued at $2.75B, closed the last trade at $18.05 per share which meant it gained $0.56 on the day or 3.20% during that session. The PENN stock price is -75.24% off its 52-week high price of $31.63 and 8.81% above the 52-week low of $16.46. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.0 million shares traded. The 3-month trading volume is 5.63 million shares.
PENN Entertainment Inc (NASDAQ:PENN) trade information
Sporting 3.20% in the green in last session, the stock has traded in the green over the last five days, when the PENN stock price touched $18.05 or saw a rise of 1.1%. Year-to-date, PENN Entertainment Inc shares have moved -30.63%, while the 5-day performance has seen it change 2.56%. Over the past 30 days, the shares of PENN Entertainment Inc (NASDAQ:PENN) have changed -1.42%. Short interest in the company has seen 26.03 million shares shorted with days to cover at 3.92.
PENN Entertainment Inc (PENN) estimates and forecasts
Figures show that PENN Entertainment Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -14.05% over the past 6 months, with this year growth rate of 74.53%, compared to 10.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -118.70% and -83.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.60%.
16 analysts offering their estimates for the company have set an average revenue estimate of $1.65 billion for the current quarter. 16 have an estimated revenue figure of $1.7 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.59 billion and $1.67 billion respectively for this quarter and the next, and analysts expect sales will grow by 3.30% for the current quarter and 1.90% for the next.
Earnings growth for 2024 is a modest 81.10% while over the next 5 years, the company’s earnings are expected to increase by 9.09%.
PENN Dividends
PENN Entertainment Inc is expected to release its next earnings report on May 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
PENN Entertainment Inc (NASDAQ:PENN)’s Major holders
Insiders own 1.01% of the company shares, while shares held by institutions stand at 91.49% with a share float percentage of 92.42%. Investors are also buoyed by the number of investors in a company, with PENN Entertainment Inc having a total of 516 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 18.27 million shares worth more than $439.09 million. As of Jun 29, 2023, FMR, LLC held 12.10% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 15.05 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $361.65 million and represent 9.96% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Baron Growth Fund. As of Jun 29, 2023, the former fund manager holds about 3.15% shares in the company for having 4.76 million shares of worth $114.47 million while later fund manager owns 4.72 million shares of worth $113.45 million as of Jun 29, 2023, which makes it owner of about 3.13% of company’s outstanding stock.
