PENN Entertainment, Inc. (PENN)

NASDAQ: PENN · IEX Real-Time Price · USD
23.29
-0.44 (-1.85%)
At close: Dec 7, 2023, 4:00 PM
23.06
-0.23 (-1.00%)
After-hours: Dec 7, 2023, 4:44 PM EST
-1.85%
Market Cap 3.60B
Revenue (ttm) 6.55B
Net Income (ttm) -111.10M
Shares Out 151.76M
EPS (ttm) -1.13
PE Ratio n/a
Forward PE 33.44
Dividend n/a
Ex-Dividend Date n/a
Volume 3,744,158
Open 23.70
Previous Close 23.73
Day's Range 23.11 - 23.92
52-Week Range 18.35 - 36.66
Beta 2.16
Analysts Buy
Price Target 33.67 (+44.57%)
Earnings Date Feb 1, 2024

About PENN

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet Sportbook and Casino. The company's portfolio also includes MyChoice, customer loyalty program, which offers a set of rew... [Read more]

IPO Date May 26, 1994
Employees 21,875
Stock Exchange NASDAQ
Ticker Symbol PENN
Full Company Profile

Financial Performance

In 2022, PENN's revenue was $6.40 billion, an increase of 8.41% compared to the previous year's $5.91 billion. Earnings were $222.10 million, a decrease of -47.22%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for PENN stock is "Buy." The 12-month stock price forecast is $33.67, which is an increase of 44.57% from the latest price.

Price Target
$33.67
(44.57% upside)
Analyst Consensus: Buy
Stock Forecasts

News

PENN Entertainment Announces Strategic Partnership With Quail Hollow Club for ESPN BET Market Access in North Carolina

WYOMISSING, Pa. & CHARLOTTE, N.C.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has ...

2 days ago - Business Wire

Detroit Casino Council ratify contract with MGM, Penn

Unions representing casino workers in Detroit have voted to ratify a new contract with MGM Grand Detroit operated by MGM Resorts , Hollywood Casino at Greektown operated by Penn Entertainment and Moto...

Other symbols: MGM
4 days ago - Reuters

PENN Entertainment Announces Groundbreaking Ceremony for Relocated Hollywood Casino Aurora

WYOMISSING, Pa. & AURORA, Ill.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for the future Hollywood ...

9 days ago - Business Wire

PENN Entertainment Announces Groundbreaking Ceremony for New Hotel at Hollywood Casino Columbus

WYOMISSING, Pa. & COLUMBUS, Ohio--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for a new hotel at Holl...

10 days ago - Business Wire

PENN Entertainment Shares Up as Popularity of New ESPN Bet App Prompts BoA Upgrade

Shares of PENN Entertainment (PENN) jumped after Bank of America said Monday that the sports gambling operator has benefited greatly from its $1.5 billion acquisition in August of the rights to the fa...

Other symbols: DIS
17 days ago - Investopedia

Penn Entertainment Stock Is Upgraded as ESPN Bet 'Dominating' Download Activity

BofA Securities analyst Shaun Kelley upgrades Penn Entertainment to Buy from Neutral.

Other symbols: DIS
17 days ago - Barrons

ESPN BET Now Live in 17 States

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced that ESPN BET successfully launched in the 17 states across the U.S. where it offers onlin...

22 days ago - Business Wire

Penn Entertainment launches ESPN bet in 17 states

Shares of Penn Entertainment (PENN) closed higher Tuesday after the company launched ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, in 17 states after dropping B...

Other symbols: DIS
22 days ago - Yahoo Finance

Penn Entertainment launches its rebranded sports gambling service, ESPN Bet

NEW YORK — ESPN Bet, a sports-gambling service rebranded with the name of the Disney-owned sports channel, launched Tuesday in 17 U.S. states.

Other symbols: DIS
22 days ago - Market Watch

Detroit Casino Council: Ongoing Strike at Detroit Casino Clouds Much-Anticipated Launch of ESPN BET

DETROIT--(BUSINESS WIRE)---- $PENN--As Penn Entertainment launches its new ESPN BET rebrand for its sports betting app, workers at Penn-operated Hollywood Casino at Greektown, located in downtown Detr...

23 days ago - Business Wire

Penn Entertainment and ESPN partnership is a 'Hail Mary for both sides', says analyst Joe Pompliano

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.

Other symbols: DIS
23 days ago - CNBC Television

PENN Entertainment Reports Third Quarter Results

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2023. Jay Snowden...

5 weeks ago - Business Wire

Can casino stocks win big if economy slows?

If the economy is headed for a slowdown or recession, as many analysts expect, you might instantly think about doubling down on casino stocks. Boyd Gaming Corp. NYSE: BYD, Caesars Entertainment Inc. N...

Other symbols: BYDCZRWYNN
5 weeks ago - MarketBeat

AM Best Upgrades Credit Ratings of Members of Penn National Insurance Companies

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-...

6 weeks ago - Business Wire

Thousands of casino workers go on strike in Detroit

Casino workers in Detroit are seeking higher wages and better working conditions as the cost of living has increased in recent years.

Other symbols: MGM
7 weeks ago - CNBC

Detroit casino workers go on strike after failed talks

Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions called for strikes at casinos operated by MGM Grand Detroit operated by MGM Resorts International , MotorCity Cas...

Other symbols: MGM
7 weeks ago - Reuters

PENN Entertainment to Report Third Quarter Results and Host Conference Call and Webcast on November 2

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2023 third quarter financial results at 7:00 a.m. ET on Thursday, November 2, 2023 fo...

2 months ago - Business Wire

3 Under-Appreciated Stocks with Nowhere to Go But Up

Stocks like V.F. Corporation NYSE: VFC, Verizon NYSE: VZ, and PENN Entertainment NYSE: PENN get beaten up for a reason, but often, the market will take things to the extreme.

Other symbols: VFCVZ
3 months ago - MarketBeat

PENN Entertainment to Participate in the Bank of America Securities 2023 Gaming and Lodging Conference on September 7

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (the “Company”) announced today that the Company's Chief Executive Officer and President, Jay Snowden, and Executive Vice Pres...

3 months ago - Business Wire

3 Gaming Stocks to Bet On For Gains in 2024

Gaming is huge. No matter which market you look at, gaming is growing.

Other symbols: DKNGGLXZ
3 months ago - MarketBeat

PENN Entertainment shares drop below pre-ESPN deal levels

Joe Pompliano, Sport Business Analyst, joins 'Last Call' to talk the PENN-ESPN deal, why Penn's stock is lower and what the future of the partnership could look like.

4 months ago - CNBC Television

Penn is betting big on ESPN for sports betting. One analyst sees ‘sizable execution risks.

When Penn Entertainment Inc. announced plans on Tuesday to launch an ESPN-branded online sports-betting service, shares of the casino operator initially rallied. But afterward, some Wall Street analys...

Other symbols: DIS
4 months ago - Market Watch

Why ESPN Gambling Deal Might Not Be a Win for Penn Entertainment Stock

Truist Securities analyst Barry Jonas downgraded his rating of Penn to Hold from Buy.

Other symbols: DIS
4 months ago - Barrons

ESPN Penn Entertainment Deal Is Disney's First Move Into Sports Betting

With the ESPN and Penn Entertainment deal, Disney is officially entering the world of sports betting.

Other symbols: DIS
4 months ago - Forbes

Penn spent some $550 million on Barstool Sports. Dave Portnoy got it back for $1.

In February 2020, casino operator and online betting company Penn Entertainment Inc. took a 36% stake in Barstool Sports for $161 million. This year, Penn bought the rest for $388 million.

Other symbols: DIS
4 months ago - Market Watch