An Evaluation Of PENN Entertainment Inc (NASDAQ: PENN) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed ESPN BET Launches in North Carolina.

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Stocks Info

PENN belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Resorts & Casinos industry. The current market capitalization of PENN Entertainment Inc is $2.78B. A total of 3.78 million shares were traded on the day, compared to an average of 5.78M shares.

In the most recent transaction, Rogers Christopher Byron sold 5,017 shares of PENN for 25.23 per share on Jan 03 ’24. After the transaction, the EVP and Chief Strategy Officer now owns 30,214 company shares. In a previous transaction on Dec 26 ’23, Snowden Jay A sold 172,930 shares at 25.25 per share. PENN shares that President and CEO owns now total 689,072.

Among the insiders who bought shares, SCACCETTI JANE acquired of 4,400 shares on Nov 06 ’23 at a per-share price of $22.83. This resulted in the Director holding 63,414 shares of PENN after the transaction. In another insider transaction, Hendrix Felicia bought 11,162 shares at $22.41 per share on Sep 06 ’23. Company shares held by the EVP and CFO now total 27,975.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PENN has a high of $31.63 and a low of $16.46.

As of this writing, PENN has an earnings estimate of -$0.55 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.38 per share and a lower estimate of -$0.76. The company reported an EPS of -$4.8 in the last quarter, which was -1,433.30% lower than expectations of $0.36.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PENN’s latest balance sheet shows that the firm has $1.86B in Cash & Short Term Investments as of fiscal 2021. There were $11.61B in debt and $1.13B in liabilities at the time. Its Book Value Per Share was $21.13, while its Total Shareholder’s Equity was $4.10B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PENN is Buy with a score of 3.76.

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