Bally’s Co. is expected to earn $ 0.14 per share in the third quarter of 2021 (NYSE: BALY)

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Bally’s Co. (NYSE: BALY) – Investment analysts at Truist Securiti released their Q3 2021 EPS estimates for Bally’s shares in a report released Thursday, September 23. Truist Securiti analyst B. Jonas predicts the company will earn $ 0.14 per share for the quarter. Truist Securiti also released estimates for Bally’s fourth quarter 2021 earnings at $ 0.44 EPS, FY2021 earnings at $ 1.54 EPS, FY2022 earnings at $ 2.24 EPS and FY2023 earnings at 2.88. $ EPS. Bally’s (NYSE: BALY) last reported its quarterly results on Sunday, August 8. The company reported earnings per share (EPS) of $ 0.27 for the quarter, missing analyst consensus estimates of $ 0.65 ($ 0.38). Bally’s had a net margin of 12.26% and a return on equity of 9.88%. The company posted revenue of $ 267.73 million in the quarter, compared to analysts’ estimates of $ 242.22 million. Bally’s revenue for the quarter increased 825.6% year-over-year.

A number of other research companies have also weighed in on BALY recently. Stifel Nicolaus raised his price target on Bally’s from $ 75.00 to $ 81.00 and gave the stock a “buy” rating in a research note on Monday, June 28. Wells Fargo & Company assumed coverage of Bally’s in a research note on Tuesday, September 14. They set an “equal weight” rating and a price target of $ 54.00 for the stock. Ultimately, Zacks investment research changed Bally’s from a “sell” note to a “conservation” note in a research note on Tuesday, July 27. Two research analysts rated the stock with a conservation rating and four gave the company a buy rating. Based on MarketBeat data, Bally’s has an average rating of “Buy” and an average target price of $ 68.67.

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BALY share open for $ 50.97 Monday. The stock’s 50-day simple moving average is $ 48.05 and its 200-day simple moving average is $ 54.39. Bally’s has a 52-week low of $ 22.35 and a 52-week high of $ 75.92. The company has a debt to equity ratio of 0.97, a quick ratio of 4.62, and a current ratio of 4.67. The company has a market cap of $ 2.27 billion, a P / E ratio of 26.41 and a beta of 2.56.

A number of institutional investors and hedge funds have recently changed their holdings to BALY. Quantbot Technologies LP purchased a new stake in Bally’s during the first quarter valued at approximately $ 25,000. RPg Family Wealth Advisory LLC purchased a new stake in Bally’s during the second quarter for a value of approximately $ 33,000. Lazard Asset Management LLC purchased a new stake in Bally’s during the second quarter for a value of approximately $ 42,000. FORA Capital LLC purchased a new position in Bally’s shares in the second quarter valued at approximately $ 50,000. Finally, Advisor Group Holdings Inc. increased its holdings of Bally’s shares by 181.4% in the second quarter. Advisor Group Holdings Inc. now owns 1,227 shares of the company valued at $ 66,000 after acquiring 791 additional shares in the last quarter. 89.89% of the shares are held by hedge funds and other institutional investors.

Bally Company Profile

Bally’s Corp. deals with casino hotels and racetracks. Its properties include Twin River Casino Hotel, Hard Rock Hotel and Casino Biloxi, Tiverton Casino Hotel, Dover Downs, Arapahoe Park, Mardi Gras Casino, Golden Gates Casino, Golden Gulch Casino, Casino KC, Casino Vicksburg, Bally’s Atlantic City and Eldorado Resort casino Shreveport.

Further Reading: What Can Cause a Stock to Outperform?

Bally's Profit History and Estimates (NYSE: BALY)

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