PENN Entertainment Inc (NASDAQ:PENN) has a beta value of 2.10 and has seen 2.48 million shares traded in the recent trading session. The company, currently valued at $2.93B, closed the recent trade at $19.21 per share which meant it gained $0.97 on the day or 5.32% during that session. The PENN stock price is -41.59% off its 52-week high price of $27.20 and 29.72% above the 52-week low of $13.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.45 million shares traded. The 3-month trading volume is 5.11 million shares.
The consensus among analysts is that PENN Entertainment Inc (PENN) is Buy stock at the moment, with a recommendation rating of 2.24. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 24 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.26.
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PENN Entertainment Inc (NASDAQ:PENN) trade information
Sporting 5.32% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PENN stock price touched $19.21 or saw a rise of 0.36%. Year-to-date, PENN Entertainment Inc shares have moved -26.17%, while the 5-day performance has seen it change -0.31%. Over the past 30 days, the shares of PENN Entertainment Inc (NASDAQ:PENN) have changed 13.20%. Short interest in the company has seen 23.18 million shares shorted with days to cover at 5.86.
Wall Street analysts have a consensus price target for the stock at $31, which means that the shares’ value could jump 38.03% from the levels at last check today. The projected low price target is $17.0 while the price target rests at a high of $115.0. In that case, then, we find that the latest price level in today’s session is -498.65% off the targeted high while a plunge would see the stock lose 11.5% from the levels at last check today.
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 gained 9.58% over the past 6 months, with this year growth rate of 57.45%, compared to 10.10% for the industry. Revenue growth from the last financial year stood is estimated to be 5.20%.
18 analysts offering their estimates for the company have set an average revenue estimate of 1.68B for the current quarter. 18 have an estimated revenue figure of 1.74B for the next ending quarter. Year-ago sales stood 1.62B and 1.4B respectively for this quarter and the next, and analysts expect sales will grow by 4.00% for the current quarter and 5.20% for the next.
Earnings growth for 2024 is a modest 58.78% 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 October 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 1.07% of the company shares, while shares held by institutions stand at 102.88% with a share float percentage of 103.99%. Investors are also buoyed by the number of investors in a company, with PENN Entertainment Inc having a total of 485.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 18.13 million shares worth more than $350.82 million. As of 2024-06-30, BLACKROCK INC. held 11.9326% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 16.5 million shares as of 2024-06-30. The firm’s total holdings are worth over $319.29 million and represent 10.86% of shares outstanding.
