NYSE:BALY - Get Free Report ) posted its quarterly earnings data on Wednesday. The company reported ($3.61) EPS for the quarter, missing analysts' consensus estimates of ($1.13) by ($2.48), Briefing.com reports. Bally's had a negative return on equity of 32.28% and a negative net margin of 21.26%. The firm had revenue of $618.48 million during the quarter, compared to the consensus estimate of $625.94 million. During the same period in the prior year, the firm posted ($0.74) EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. Bally's updated its FY 2024 guidance to EPS.
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Bally's Stock Up 0.2 % NYSE:BALY traded up $0.02 during trading hours on Friday, hitting $13.02. 361,389 shares of the company's stock traded hands, compared to its average volume of 464,282. The firm has a market cap of $521.97 million, a P/E ratio of -1.26 and a beta of 2.06. Bally's has a twelve month low of $7.28 and a twelve month high of $16.96. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.64 and a current ratio of 0.65. The stock's fifty day moving average price is $13.00 and its two-hundred day moving average price is $11.93.
Wall Street Analysts Forecast Growth A number of analysts have recently commented on the company. Wells Fargo & Company reissued an "underweight" rating and issued a $10.00 price objective on shares of Bally's in a research note on Friday, January 5th. Macquarie lowered Bally's from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $15.00 to $12.00 in a research report on Wednesday, January 17th. Stifel Nicolaus boosted their target price on Bally's from $11.00 to $14.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, Truist Financial boosted their target price on Bally's from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $15.71.
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About Bally's (
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Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.
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