During the recent session, PENN Entertainment Inc (NASDAQ:PENN)’s traded shares were 0.94 million, with the beta value of the company hitting 2.10. At the last check today, the stock’s price was $18.50, reflecting an intraday loss of -1.15% or -$0.22. The 52-week high for the PENN share is $29.38, that puts it down -58.81 from that peak though still a striking 27.03% gain since the share price plummeted to a 52-week low of $13.50. The company’s market capitalization is $2.82B, and the average intraday trading volume over the past 10 days was 4.17 million shares, and the average trade volume was 6.02 million shares over the past three months.
PENN Entertainment Inc (PENN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.19. PENN has a Sell rating from 0 analyst(s) out of 24 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 17 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.28.
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PENN Entertainment Inc (NASDAQ:PENN) trade information
PENN Entertainment Inc (PENN) registered a -1.15% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.15% in intraday trading to $18.50, hitting a weekly high. The stock’s 5-day price performance is 3.55%, and it has moved by -10.91% in 30 days. Based on these gigs, the overall price performance for the year is -31.72%. The short interest in PENN Entertainment Inc (NASDAQ:PENN) is 24.12 million shares and it means that shorts have 3.3 day(s) to cover.
The consensus price target of analysts on Wall Street is $33, which implies an increase of 43.94% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17 and $115 respectively. As a result, PENN is trading at a discount of -521.62% off the target high and 8.11% off the low.
PENN Entertainment Inc (PENN) estimates and forecasts
Statistics show that PENN Entertainment Inc has outperformed its competitors in share price, compared to the industry in which it operates. PENN Entertainment Inc (PENN) shares have gone down -17.57% during the last six months, with a year-to-date growth rate more than the industry average at 56.52% against 4.80. In the rating firms’ projections, revenue will increase 4.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.68B as predicted by 17 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to 1.73B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.62B and 1.4B respectively. In this case, analysts expect current quarter sales to grow by 3.70% and then jump by 24.10% in the coming quarter.
While earnings are projected to return 56.63% in 2024, the next five years will return 9.09% per annum.
PENN Dividends
PENN Entertainment Inc is due to release its next quarterly earnings 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
PENN Entertainment Inc (NASDAQ:PENN)’s Major holders
PENN Entertainment Inc insiders own 1.07% of total outstanding shares while institutional holders control 99.35%, with the float percentage being 100.42%. VANGUARD GROUP INC is the largest shareholder of the company, while 492.0 institutions own stock in it. As of 2024-03-31, the company held over 14.79 million shares (or 9.7237% of all shares), a total value of $269.32 million in shares.
The next largest institutional holding, with 14.66 million shares, is of FMR LLC’s that is approximately 9.6403% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $267.01 million.
Also, the Mutual Funds coming in first place with the largest holdings of PENN Entertainment Inc (PENN) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 9.69 shares. This amounts to just over 6.36 percent of the company’s overall shares, with a $177.81 million market value. The same data shows that the other fund manager holds slightly less at 4.78, or about 3.13% of the stock, which is worth about $87.68 million.
