PENN Entertainment (PENN) Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PENN Entertainment in the last twelve months. 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 twelve-month target prices for PENN Entertainment's stock. Their PENN share price forecasts range from $27.00 to $54.00. On average, they anticipate the company's stock price to reach $38.65 in the next year. This suggests a possible upside of 49.7% from the stock's current price.
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PENN Entertainment's stock was trading at $29.70 on January 1st, 2023. Since then, PENN shares have decreased by 13.1% and is now trading at $25.81.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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PENN Entertainment, Inc. (NASDAQ:PENN) posted its quarterly earnings results on Thursday, February, 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by $0.20. The company earned $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. PENN Entertainment had a net margin of 10.52% and a trailing twelve-month return on equity of 5.92%. PENN Entertainment's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 has authorized a share repurchase plan on Thursday, February 3rd 2022, which authorizes the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 9.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

PENN Entertainment updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share 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 number of institutional and retail investors. Top institutional investors 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 $25.81.

PENN Entertainment (NASDAQ:PENN) has a market capitalization of $3.98 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.