Flutter Entertainment (NYSE:FLUT) Issues Earnings Results

Flutter Entertainment (NYSE:FLUT) posted its quarterly earnings results on Tuesday. The company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.93, Zacks reports. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%.

Flutter Entertainment Stock Down 2.2 %

NYSE:FLUT traded down $5.94 during mid-day trading on Tuesday, reaching $265.26. The company’s stock had a trading volume of 2,412,044 shares, compared to its average volume of 1,492,031. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73. The company’s fifty day simple moving average is $267.28 and its two-hundred day simple moving average is $250.16. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FLUT shares. BTIG Research set a $323.00 price objective on Flutter Entertainment in a report on Monday, February 3rd. Oppenheimer lifted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 price objective on the stock. Wells Fargo & Company cut their target price on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Benchmark upped their price target on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Eighteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and an average target price of $307.88.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.