Bowlero (NYSE:BOWL - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Bowlero has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.
Bowlero (NYSE:BOWL - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). Bowlero had a return on equity of 98.75% and a net margin of 6.33%. The firm had revenue of $305.67 million during the quarter, compared to the consensus estimate of $300.46 million. On average, analysts expect Bowlero to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Bowlero Trading Up 0.9 %
Shares of BOWL stock traded up $0.11 during mid-day trading on Monday, reaching $11.82. The stock had a trading volume of 591,125 shares, compared to its average volume of 1,034,941. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 46.80. The stock's 50-day moving average price is $12.79 and its two-hundred day moving average price is $12.12. The firm has a market capitalization of $1.77 billion, a PE ratio of 65.67 and a beta of 0.50. Bowlero has a 52-week low of $8.85 and a 52-week high of $15.47.
Bowlero Announces Dividend
The firm also recently declared a Variable dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, February 22nd. Bowlero's dividend payout ratio is presently 122.22%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on Bowlero from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, April 23rd. Oppenheimer boosted their price objective on shares of Bowlero from $16.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, February 14th. Finally, Roth Mkm raised their target price on shares of Bowlero from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Tuesday, February 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $18.00.
Check Out Our Latest Report on Bowlero
Insider Buying and Selling at Bowlero
In other news, Director Michelle D. Wilson sold 87,267 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total value of $1,123,998.96. Following the sale, the director now directly owns 1,040,204 shares of the company's stock, valued at approximately $13,397,827.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 56.54% of the company's stock.
About Bowlero
(
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Bowlero Corp. operates bowling entertainment centers under the AMF, Bowlmor Lanes, and Bowlero brand names. The company also provides hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. It operates bowling centers in the United States, Mexico, and Canada.
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