Bally’s (NYSE:BALY) Issues Earnings Results

Bally’s (NYSE:BALY) announced its quarterly earnings data on Monday. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.76) by $1.34, Zacks reports. Bally’s had a negative return on equity of 79.10% and a negative net margin of 30.04%. The company had revenue of $580.37 million for the quarter, compared to analyst estimates of $589.83 million.

Bally’s Trading Up 0.4 %

Shares of Bally’s stock opened at $16.91 on Wednesday. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. Bally’s has a 1 year low of $10.00 and a 1 year high of $23.20. The company has a market capitalization of $818.44 million, a P/E ratio of -1.12 and a beta of 2.14. The business has a 50 day moving average price of $16.99 and a 200 day moving average price of $17.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on Bally’s from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Stifel Nicolaus lowered their price objective on Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.13.

Bally’s Company Profile

Bally’s Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company’s casino and resort properties, a horse racetrack, and a golf course.