Bally’s (BALY) Scheduled to Post Earnings on Wednesday

Bally’s (NYSE:BALY) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.25) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bally’s Stock Up 0.1 %

Shares of Bally’s stock opened at $17.47 on Monday. Bally’s has a 1 year low of $7.37 and a 1 year high of $18.00. The company has a market cap of $710.38 million, a P/E ratio of -1.57 and a beta of 2.07. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 9.28. The stock has a 50-day moving average price of $17.33 and a 200 day moving average price of $14.97.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Bally’s in a research report on Monday, July 15th. Barclays upped their price target on shares of Bally’s from $10.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Jefferies Financial Group lifted their price objective on Bally’s from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus raised their price target on Bally’s from $14.00 to $18.25 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company upgraded shares of Bally’s from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $11.00 to $18.25 in a report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.14.

About Bally’s

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.