PENN · NASDAQ · Gambling, Resorts & Casinos

PENN® Entertainment (PENN)

Operates casinos, racetracks, and digital betting across North America.

$16.81
vs last close+0.68 (+4.22%)
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PENN Entertainment, Inc.PENN
Consumer Discretionary

Operates casinos and racetracks alongside online sports betting and iCasino across North American jurisdictions. Its retail base uses a loyalty program, while the digital business combines sports-media assets with a proprietary betting platform.

Operates casinos and racetracks alongside online sports betting and iCasino across North American jurisdictions. Its retail base includes a loyalty program, while the digital business combines sports-media assets with a proprietary betting platform.

The business grew from pari-mutuel racing into regional casinos through acquisitions, then added media and interactive betting capabilities. After ending the ESPN BET trademark arrangement, it rebranded the U.S. sportsbook as theScore Bet and identified Canadian assets and Hollywood iCasino as digital priorities.

Its organization combines retail, digital, data, cloud, and security capabilities to support omnichannel businesses.

Company facts

CEOJay A. Snowden
ListedMay 26, 1994
ExchangeNASDAQ
HeadquartersWyomissing, PA
CountryUnited States
Employees23,441
CIK0000921738
ISINUS7075691094

Market cap$2.16B
EPS (ttm)−$6.36
P/E (ttm)−2.54
ROE-48.5%
P/B1.16
P/S0.3013
Dividend yieldDiv yield
Beta0.97vs XLY 0.90

Price target$25.50+58.1%Average of 47 analysts
ConsensusBuy29 of 47 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 7, 2026Mizuho SecuritiesTarget
Target: $22
Target: $28
Aug 7, 2026JefferiesReiterate
Rating: Target: $17
Rating: HoldTarget: $22
Aug 7, 2026MacquarieReiterate
Rating: Target: $80
Rating: OutperformTarget: $25
Jul 23, 2026Capital One FinancialTarget
Target:
Target: $26
Jul 23, 2026CitigroupUpgrade
Rating: Outperform
Rating: Overweight

Next report
Nov 5, 26
in 44 days
EPS estimate
$0.15
Revenue estimate
$1.84B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Aug '26Nov '26
Reported−$0.88−$0.68−$0.12−$6.03−$0.55−$0.02$0.25Pending
Estimate−$0.29−$0.29−$0.04−$0.10−$0.23$0.05$0.37$0.15
Surprise−203.4%−134.5%−200.0%−5,930.0%−139.1%−134.4%−33.1%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Aug '26Nov '26
Reported$1.67B$1.67B$1.77B$1.72B$1.81B$1.78B$1.86BPending
Estimate$1.67B$1.70B$1.73B$1.72B$1.76B$1.75B$1.86B$1.84B
Surprise−0.4%−1.4%+2.0%−0.3%+2.6%+1.7%−0.2%
Estimate$0.15
ReportedDue Nov 5, 2026
Estimate$1.84B
ReportedDue Nov 5, 2026
View details

Debt to equity366.00%
Current ratio88.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.64B$1.67B$1.67B$1.77B$1.72B$1.81B$1.78B$1.86B
Net income−$36.7M−$133.3M$111.8M−$17.4M−$864.6M−$73.0M−$2.3M$33.1M
Net margin0.0%0.0%6.7%0.0%0.0%0.0%0.0%1.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$67.5M−$48.1M$42.8M$92.5M−$776.4M$89.4M$97.1M$131.7M
YoY growthTurned profitLoss narrowedTurned profit+24.2%Turned lossTurned profit+126.9%+42.4%

Balance sheet, Jun 30, 2026Cash & short-term investments $887.2M · Total debt $6.81B · Total assets $14.07B · Shareholders' equity $1.86B

Revenue
$1.86B
Operating income
$131.7M
Net income
$33.1M
View details

No dividends on record.

Institutions106.85%143.25M shares
401 holders · as of Jun 30, 2026
Insiders1.67%2.23M shares
17 holders · as of Aug 11, 2026
Adds to108.52%

134.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 108.52%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
14.34%19.22Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
7.63%10.23Mas of Jun 30, 2026
AQR Capital Management LLCInstitution
5.14%6.89Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.46%5.99Mas of Jun 30, 2026
Dme Capital Management, LPInstitution
4.37%5.86Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 2, 2026Jane Scaccettidirector+8,000$15.09
Nov 21, 2025Felicia Hendrixofficer: EVP and CFO+7,315$13.79
Nov 17, 2025David A. Handlerdirector+20,000$14.25
Nov 14, 2025Gupta Vimla Blackdirector−7,987$14.51
Nov 7, 2025Jay A. Snowdendirector, officer: CEO and President+34,700$14.32
View details

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