Investing In PENN Entertainment Inc (NASDAQ: PENN): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed PENN Entertainment to Report First Quarter Results and Host Conference Call and Webcast on May 2.

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Stocks Info

The company is listed on the NASDAQ and operates within the Resorts & Casinos industry segment. The current market capitalization of PENN Entertainment Inc is $2.75B. A total of 3.39 million shares were traded on the day, compared to an average of 5.63M 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 -$0.57 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.4 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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