Bally's Corporation (NYSE:BALY) Given Average Rating of "Reduce" by Brokerages

Key Points

• Analysts remain cautious on Bally’s: Five brokerages assign an average “Reduce” rating, with two sells and three holds. The average 12-month price target is $11.75.
• Bally’s reported a significant quarterly loss, with EPS of -$2.41 versus the expected -$1.08, while revenue slightly exceeded estimates at $792.23 million. Analysts forecast a full-year loss of $9.36 per share.
• The company secured approximately $560 million in financing for its Bronx casino project, improving liquidity but potentially increasing interest expense, leverage and execution risk amid weak profitability.

Bally's Corporation (NYSE:BALY - Get Free Report) has been assigned an average rating of "Reduce" from the five research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.75.

Several equities research analysts have recently issued reports on BALY shares. Wall Street Zen cut shares of Bally's from a "hold" rating to a "sell" rating in a research report on Sunday, August 23rd. Barclays dropped their target price on shares of Bally's from $8.00 to $7.00 and set an "underweight" rating for the company in a research report on Wednesday, August 19th. Stifel Nicolaus raised their target price on shares of Bally's from $12.00 to $13.00 and gave the company a "hold" rating in a research note on Tuesday, May 26th. Weiss Ratings downgraded shares of Bally's from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, September 3rd. Finally, Truist Financial decreased their price target on shares of Bally's from $15.00 to $10.00 and set a "hold" rating on the stock in a research note on Wednesday, August 19th.

Bally's Stock Performance

NYSE:BALY opened at $9.69 on Wednesday. The stock has a 50-day moving average price of $11.83 and a 200 day moving average price of $12.42. The stock has a market capitalization of $488.80 million, a P/E ratio of -1.42 and a beta of 1.76. Bally's has a 12-month low of $8.44 and a 12-month high of $20.74. The company has a current ratio of 0.91, a quick ratio of 0.85 and a debt-to-equity ratio of 2.06.

Bally's (NYSE:BALY - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($2.41) EPS for the quarter, missing analysts' consensus estimates of ($1.08) by ($1.33). Bally's had a negative return on equity of 40.97% and a negative net margin of 25.83%.The business had revenue of $792.23 million during the quarter, compared to analysts' expectations of $789.89 million. Equities research analysts forecast that Bally's will post -9.36 EPS for the current fiscal year.

Key Stories Impacting Bally's

Here are the key news stories impacting Bally's this week:

• Positive Sentiment: Bally’s secured approximately $560 million in new financing, led by WhiteHawk Capital Partners, to support development of its Bronx casino resort. The funding improves the project’s ability to move forward and provides additional liquidity for other corporate purposes. Bally’s Corp secures new financing for Bally’s Bronx project
• Positive Sentiment: Additional coverage characterized the Bronx financing as a key milestone for Bally’s New York development, potentially reducing near-term funding uncertainty around the project. Bally's lands key financing for its Bronx casino resort project
• Neutral Sentiment: Management’s Chicago project update pointed to continued progress and key development work, but the transcript did not appear to provide a definitive opening timeline or immediate earnings catalyst. Bally's Corporation discusses progress on Chicago project
• Negative Sentiment: Analysts warned that Bally’s has effectively bought additional time at a high price: the new capital supports liquidity and construction but could increase interest expense, leverage and execution risk. That concern is especially relevant given the company’s weak profitability, elevated debt-to-equity ratio and recent quarterly loss. Bally's: Bought Time At A Hefty Price
• Negative Sentiment: Bally’s Cheyenne Park will not conduct racing in 2026, removing a planned operating activity and adding to concerns about the property’s contribution and the company’s broader execution. Bally’s Cheyenne Park will not race in 2026

Bally's Company Profile

Bally's Corporation is a gaming and entertainment company that operates casinos, resorts and online gaming platforms. Its business includes casino gaming, hotel accommodations, food and beverage, entertainment, and related hospitality services. The company's casino properties offer table games, slot machines, sports betting where permitted, and other amenities designed to attract regional and destination customers.

Bally's operates primarily in the United States, with properties and gaming operations serving markets across several states.

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