扎克斯研究预测，宾夕法尼亚娱乐公司（纳斯达克股票代码：PENN）将公布2023年第一季度每股收益0.24美元|EPS_新浪财经

PENN Entertainment, Inc. (NASDAQ:PENN – Get Rating) – Equities researchers at Zacks Research lowered their Q1 2023 earnings estimates for shares of PENN Entertainment in a research note issued on Monday, February 13th. Zacks Research analyst H. Ray now anticipates that the company will earn $0.24 per share for the quarter, down from their prior forecast of $0.30. The consensus estimate for PENN Entertainment's current full-year earnings is $1.46 per share. Zacks Research also issued estimates for PENN Entertainment's Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.24 EPS, Q4 2023 earnings at $0.25 EPS, Q1 2024 earnings at $0.28 EPS, Q2 2024 earnings at $0.40 EPS, Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.26 EPS and FY2024 earnings at $1.24 EPS.

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A number of other equities analysts have also weighed in on the stock. Morgan Stanley lowered their price target on shares of PENN Entertainment from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 1st. StockNews.com raised shares of PENN Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, February 3rd. Stifel Nicolaus downgraded shares of PENN Entertainment from a "buy" rating to a "hold" rating and reduced their price target for the company from $45.00 to $35.00 in a research note on Friday, January 6th. Jefferies Financial Group downgraded shares of PENN Entertainment from a "buy" rating to a "hold" rating and cut their target price for the stock from $50.00 to $34.00 in a research note on Monday, January 9th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $45.00 target price on shares of PENN Entertainment in a research note on Friday, February 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.40.

PENN Entertainment Stock Down 1.6 %

PENN stock opened at $32.17 on Thursday. The firm's fifty day moving average is $32.22 and its 200 day moving average is $32.45. PENN Entertainment has a one year low of $25.49 and a one year high of $51.72. The firm has a market cap of $4.99 billion, a PE ratio of 24.94, a P/E/G ratio of 1.20 and a beta of 2.23. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.79 and a current ratio of 1.79.

PENN Entertainment (NASDAQ:PENN – Get Rating) last announced its earnings results on Thursday, February 2nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.20). The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. PENN Entertainment had a net margin of 3.47% and a return on equity of 5.91%. PENN Entertainment's revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. HG Vora Capital Management LLC raised its stake in shares of PENN Entertainment by 114.3% in the third quarter. HG Vora Capital Management LLC now owns 7,500,000 shares of the company's stock valued at $206,325,000 after purchasing an additional 4,000,000 shares in the last quarter. Renaissance Technologies LLC grew its position in PENN Entertainment by 15.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,700,338 shares of the company's stock valued at $80,200,000 after acquiring an additional 354,877 shares during the period. Contrarius Investment Management Ltd bought a new stake in PENN Entertainment in the second quarter valued at $75,776,000. Geode Capital Management LLC grew its holdings in shares of PENN Entertainment by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,270,982 shares of the company's stock worth $67,448,000 after purchasing an additional 13,622 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of PENN Entertainment by 0.4% during the fourth quarter. Earnest Partners LLC now owns 2,178,332 shares of the company's stock worth $64,696,000 after purchasing an additional 8,308 shares during the last quarter. 84.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PENN Entertainment

In related news, CEO Jay A. Snowden sold 163,475 shares of the business's stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $30.12, for a total value of $4,923,867.00. Following the completion of the sale, the chief executive officer now owns 604,527 shares of the company's stock, valued at approximately $18,208,353.24. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Jay A. Snowden sold 163,475 shares of the business's stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $30.12, for a total value of $4,923,867.00. Following the completion of the sale, the chief executive officer now directly owns 604,527 shares in the company, valued at approximately $18,208,353.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Saul Reibstein sold 39,457 shares of the business's stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $33.39, for a total value of $1,317,469.23. Following the completion of the sale, the director now owns 37,055 shares of the company's stock, valued at $1,237,266.45. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

About PENN Entertainment

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PENN Entertainment, Inc owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor.