Bally’s (NYSE:BALY) Posts Quarterly Earnings Results

Bally’s (NYSE:BALY) issued its earnings results on Monday. The company reported $0.58 EPS for the quarter, topping the consensus estimate of ($0.76) by $1.34, Zacks reports. The company had revenue of $580.37 million for the quarter, compared to analyst estimates 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 Stock Up 0.7 %

BALY opened at $16.96 on Wednesday. The firm has a 50 day moving average price of $16.99 and a 200 day moving average price of $17.37. The company has a market cap of $820.67 million, a PE ratio of -1.13 and a beta of 2.14. Bally’s has a 1 year low of $10.00 and a 1 year high of $18.98. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays decreased 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. Stifel Nicolaus cut their target price on shares of Bally’s from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.