Bally’s (NYSE:BALY) Announces Earnings Results

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

Bally’s Trading Down 5.3 %

BALY opened at $17.13 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 fifty-two week low of $10.00 and a fifty-two week high of $18.98. The firm has a market capitalization of $829.09 million, a PE ratio of -1.14 and a beta of 2.14. The company’s 50-day moving average is $16.99 and its 200 day moving average is $17.37.

Wall Street Analyst Weigh In

BALY has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price objective on shares of Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. Barclays cut their price objective on shares of Bally’s from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.