In today’s recent session, 1.16 million shares of the PENN Entertainment Inc (NASDAQ:PENN) have been traded, and its beta is 2.10. Most recently the company’s share price was $19.67, and it changed around -$0.11 or -0.56% from the last close, which brings the market valuation of the company to $3.00B. PENN at last check was trading at a discount to its 52-week high of $27.20, offering almost -38.28% off that amount. The share price’s 52-week low was $13.50, which indicates that the recent value has risen by an impressive 31.37% since then. We note from PENN Entertainment Inc’s average daily trading volume that its 10-day average is 3.87 million shares, with the 3-month average coming to 4.63 million.
PENN Entertainment Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.24. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended PENN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. PENN Entertainment Inc is expected to report earnings per share of -0.26 for the current quarter.
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PENN Entertainment Inc (NASDAQ:PENN) trade information
Instantly PENN has been showing red trend so far today with a performance of -0.56% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.34 on recent trading dayincreased the stock’s daily price by 3.29%. The company’s shares are currently down -24.40% year-to-date, but still up 11.57% over the last five days. On the other hand, PENN Entertainment Inc (NASDAQ:PENN) is -1.80% down in the 30-day period. We can see from the shorts that 21.11 million shares have been sold at a short interest cover period of 6.16 day(s).
The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to increase their stock price by 36.55% from its current value. Analyst projections state that PENN is forecast to be at a low of $17 and a high of $115.
PENN Entertainment Inc (PENN) estimates and forecasts
PENN Entertainment Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 12.40 percent over the past six months and at a 57.14% annual growth rate that is well above the industry average of 5.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 94.60% in revenue this quarter, and will report an increase of 95.80% in the next quarter. The year-over-year growth rate is expected to be 5.20%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 1.68B in revenue for the current quarter. 18 analysts expect PENN Entertainment Inc to make 1.74B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.62B and 1.4B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.00%. Forecasts for the next quarter put sales growth at 24.70%.
PENN Entertainment Inc earnings are expected to increase by 58.59% in 2024, but the outlook is positive 9.09% per year for the next five years.
PENN Dividends
PENN Entertainment Inc’s next quarterly earnings report is expected to be released on 2024-Oct-31.
PENN Entertainment Inc (NASDAQ:PENN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.11% of PENN Entertainment Inc shares, and 102.88% of them are in the hands of institutional investors. The stock currently has a share float of 104.04%. PENN Entertainment Inc stock is held by 483.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 11.9326% of the shares, which is about 18.13 million shares worth $350.82 million.
VANGUARD GROUP INC, with 10.86% or 16.5 million shares worth $319.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 9.87 shares worth $193.41 million, making up 6.47% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.75 shares worth around $92.96 million, which represents about 3.11% of the total shares outstanding.
