Streetbeat News

PENN

PENN Entertainment, Inc.

https://www.pennentertainment.com

Industry

Gambling, Resorts & Casinos

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 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

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Needham analyst Bernie McTernan has reiterated a Buy rating on PENN Entertainment (NASDAQ:PENN) and maintained a price target of $26.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 9:42 am

Penn Entertainment, Inc. (NASDAQ:PENN) shares are trading higher after the company reported better-than-expected Q2 EPS, despite missing revenue estimates. The company highlighted record gaming revenue in its Interactive segment and solid retail business performance.

Portfolio Pulse from Erica Kollmann

August 08, 2024 | 2:44 pm

Needham analyst Bernie McTernan has reiterated a Buy rating on PENN Entertainment (NASDAQ:PENN) and maintained a $26 price target.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:08 pm

PENN Entertainment shares are trading higher following a Q2 EPS beat.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:03 am

PENN Entertainment reported Q2 2024 adjusted EPS of $(0.18), beating the estimate of $(0.25), but sales of $1.40 billion missed the $1.66 billion estimate. Sales decreased by 16.42% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:02 am

Shares of hotel, restaurant, and leisure companies are trading lower amid overall market weakness on US economic concerns.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:03 pm

Shares of casino and gambling stocks are trading higher following Apollo's acquisition of IGT's Gaming and Digital Business and Everi.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:03 pm

Norfolk Southern Corporation (NSC) and several other major stocks saw significant gains on Friday following better-than-expected earnings reports and other positive news. The Dow Jones index also rose by over 600 points.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 3:04 pm

The article highlights significant options activity in the Consumer Discretionary sector, focusing on trades involving companies like BABA, SBUX, WHR, PENN, TSLA, HAS, DASH, BC, AMZN, and MCD. These trades, tracked by Benzinga's options activity scanner, indicate varying sentiments from bullish to bearish, potentially impacting the stock prices of these companies in the short term.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 5:35 pm

PENN Entertainment (NASDAQ:PENN) shares are trading marginally lower after announcing layoffs of approximately 100 employees to focus on expanding ESPNBet. The layoffs aim to improve operational efficiencies following the acquisition of theScore in 2021. PENN is entering a new growth phase with a $2 billion branding partnership with Walt Disney Company's (NYSE:DIS) ESPN.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 3:51 pm

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