Bally’s (NYSE:BALY) Issues Earnings Results, Beats Expectations By $1.34 EPS

Bally’s (NYSE:BALY) announced its quarterly earnings data on Monday. The company reported $0.58 EPS for the quarter, topping 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%.

Bally’s Trading Down 5.3 %

NYSE BALY opened at $17.13 on Wednesday. The stock has a market capitalization of $829.09 million, a price-to-earnings ratio of -1.14 and a beta of 2.14. The stock’s 50 day moving average price is $16.99 and its two-hundred day moving average price is $17.37. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. Bally’s has a 52 week low of $10.00 and a 52 week high of $18.98.

Analysts Set New Price Targets

BALY has been the subject of a number of research reports. Barclays lowered their price objective on Bally’s from $18.00 to $14.00 and set an “equal weight” rating for the company in a research 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 for the company in a research report on Thursday, March 6th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.13.

About Bally’s

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.