PENN Entertainment (PENN) Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PENN Entertainment in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PENN shares.
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17 Wall Street research analysts have issued 12-month price targets for PENN Entertainment's shares. Their PENN share price forecasts range from $27.00 to $54.00. On average, they predict the company's stock price to reach $38.65 in the next year. This suggests a possible upside of 50.7% from the stock's current price.
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PENN Entertainment's stock was trading at $29.70 at the beginning of 2023. Since then, PENN stock has decreased by 13.7% and is now trading at $25.64.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our PENN earnings forecast.

PENN Entertainment, Inc. (NASDAQ:PENN) posted its quarterly earnings data on Thursday, February, 2nd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.33 by $0.20. The firm earned $1.59 billion during the quarter, compared to analysts' expectations of $1.58 billion. PENN Entertainment had a trailing twelve-month return on equity of 5.92% and a net margin of 10.52%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share.

ETFs with the largest weight of PENN Entertainment (NASDAQ:PENN) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), Inverse Cramer Tracker ETF (SJIM), iBET Sports Betting & Gaming ETF (IBET), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK), BlackRock Future Innovators ETF (BFTR), Invesco Select Growth ETF (IVSG) and Arrow Reverse Cap 500 ETF (YPS).

PENN Entertainment declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 3rd 2022, which authorizes the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 9.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.

PENN Entertainment updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.37 billion-$6.81 billion, compared to the consensus revenue estimate of $6.46 billion.

30 employees have rated PENN Entertainment Chief Executive Officer Jay Snowden on Glassdoor.com. Jay Snowden has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PENN Entertainment investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), Walt Disney (DIS), Block (SQ), Boeing (BA), Netflix (NFLX) and PayPal (PYPL).

PENN Entertainment trades on the NASDAQ under the ticker symbol "PENN."

PENN Entertainment's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (2.78%), Renaissance Technologies LLC (1.52%), Geode Capital Management LLC (1.51%), Charles Schwab Investment Management Inc. (0.90%), American Century Companies Inc. (0.78%) and Dimensional Fund Advisors LP (0.74%). Insiders that own company stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, Peter M Carlino and Saul Reibstein.
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Shares of PENN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PENN stock can currently be purchased for approximately $25.64.

PENN Entertainment (NASDAQ:PENN) has a market capitalization of $3.95 billion and generates $6.40 billion in revenue each year. The company earns $222.10 million in net income (profit) each year or $4.05 on an earnings per share basis.

The company employs 21,875 workers across the globe.

PENN Entertainment's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The official website for the company is www.pngaming.com. The company can be reached via phone at (610) 373-2400, via email at penn@jcir.com, or via fax at 610-373-4966.