Why Buy Stock In PENN Entertainment Inc (PENN)?

PENN Entertainment Inc (NASDAQ:PENN) has a beta value of 2.10 and has seen 1.36 million shares traded in the recent trading session. The company, currently valued at $2.66B, closed the recent trade at $17.42 per share which meant it gained $0.26 on the day or 1.52% during that session. The PENN stock price is -68.66% off its 52-week high price of $29.38 and 22.5% above the 52-week low of $13.50. The 3-month trading volume is 6.07 million shares.

PENN Entertainment Inc (NASDAQ:PENN) trade information

Sporting 1.52% in the green today, the stock has traded in the green over the last five days, when the PENN stock price touched $17.42 or saw a rise of 1.14%. Year-to-date, PENN Entertainment Inc shares have moved -33.05%, while the 5-day performance has seen it change 0.53%. Over the past 30 days, the shares of PENN Entertainment Inc (NASDAQ:PENN) have changed 7.28%.

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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 -25.20% over the past 6 months, with this year growth rate of 56.83%, compared to 7.20% for the industry. Revenue growth from the last financial year stood is estimated to be 5.10%.

18 analysts offering their estimates for the company have set an average revenue estimate of 1.66B for the current quarter. 18 have an estimated revenue figure of 1.68B for the next ending quarter. Year-ago sales stood 1.67B and 1.62B respectively for this quarter and the next, and analysts expect sales will shrink by -0.40% for the current quarter and 5.10% for the next.

Earnings growth for 2024 is a modest 57.27% 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 in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.