PENN Entertainment Shares Drop 3.04% in Mixed Trading Session
July 22, 2023
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PENN ($NASDAQ:PENN) Entertainment Inc. experienced a difficult trading session on Thursday, with the company’s shares dropping 3.04% to $26.78. PENN Entertainment Inc. is a leading entertainment and media company, focusing on creating unique and groundbreaking content across multiple platforms. The company is best known for its film and television production, but also produces music and live events. Its library of content includes some of the most iconic and beloved films, television shows and music of the past century.
Despite the overall positive performance of the market, PENN Entertainment Inc.’s shares still experienced a 3.04% decline. This could be attributed to the company’s relatively low trading volume when compared to other big names in the industry.
Analysis
GoodWhale has done an extensive analysis of the fundamentals of PENN ENTERTAINMENT and found it to be strong in growth, medium in profitability and weak in asset and dividend, which makes it a ‘rhino’ company. That is, companies that have achieved moderate revenue or earnings growth. PENN ENTERTAINMENT has a high health score of 8/10 considering its cashflows and debt. This score indicates that the company is capable of paying off its debt and funding future operations. Based on these factors, it may be attractive to investors who are looking for moderate growth and are looking for companies that can pay off their debt in the long run. Additionally, PENN ENTERTAINMENT’s profitability and growth prospects may interest investors who are looking for high returns from their investments. Investors who are comfortable taking on some risk would likely also find this company attractive. Therefore, PENN ENTERTAINMENT is likely to be of interest to a wide range of investors, including those looking for steady growth and those looking for higher returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Penn Entertainment. More…
| Total Revenues | Net Income | Net Margin |
| 6.51k | 684 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Penn Entertainment. More…
| Operations | Investing | Financing |
| 878.2 | -258.6 | -853 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Penn Entertainment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.5k | 13.91k | 23.25 |
Key Ratios Snapshot
Some of the financial key ratios for Penn Entertainment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 17.4% | 22.6% |
| FCF Margin | ROE | ROA |
| 9.3% | 25.5% | 5.2% |
Peers
The company has its headquarters in Wyomissing, Pennsylvania. Penn National Gaming Inc operates in the following segments: Gaming, Racing, and Hospitality. The company operates gaming facilities in Pennsylvania, Ohio, Louisiana, Illinois, Mississippi, and Maryland. The company was founded in 1969 and it employs around 26,000 people. Penn National Gaming Inc’s main competitors are DraftKings Inc, Caesars Entertainment Inc, and Boyd Gaming Corp. These companies are all gaming companies that operate in the United States.
– DraftKings Inc ($NASDAQ:DKNG)
DraftKings Inc is a digital sports entertainment and gaming company. It operates through two segments, Digital Sports and Gaming Platform, and Media Platform. The company was founded in 2012 and is headquartered in Boston, Massachusetts.
DraftKings Inc’s market cap is 5.93B as of 2022. The company has a Return on Equity of -105.71%.
DraftKings Inc operates a digital sports entertainment and gaming platform. The company offers daily fantasy sports, sports betting, and online gaming products. DraftKings Inc also operates a media platform that provides content and data products.
– Caesars Entertainment Inc ($NASDAQ:CZR)
Caesars Entertainment Inc is a gaming company that owns and operates casinos and resorts. As of 2022, the company has a market capitalization of 8.49 billion dollars and a return on equity of 19.66%. The company’s casinos are located in the United States, Canada, the United Kingdom, and Macau. The company’s resorts offer a variety of gaming, lodging, dining, entertainment, and retail options.
– Boyd Gaming Corp ($NYSE:BYD)
Boyd Gaming Corporation is an American gaming and hospitality company based in Las Vegas, Nevada. The company continues to be run by the Boyd family under the management of Sam Boyd, who founded the company in 1975. The company owns and operates 22 gaming properties in seven states. Boyd Gaming is the largest operator of casinos in Louisiana.
The company’s market cap is 5.71B as of 2022 and its ROE is 35.86%. The company operates 22 gaming properties in seven states and is the largest operator of casinos in Louisiana.
Summary
PENN Entertainment Inc. has seen its stock prices drop 3.04%, closing at $26.78 on Thursday. The overall trading session for the stock market was mixed, but this decline in PENN Entertainment’s stock prices has prompted investor analysis. Analysts are questioning the company’s future prospects and evaluating potential risks and rewards related to investing in PENN Entertainment stocks. Given the current market conditions, investors should carefully analyze the company’s performance, future growth potential, and financial health before making any investment decisions.
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