Flutter Entertainment (NYSE:FLUT) Issues Quarterly Earnings Results

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

Flutter Entertainment Trading Down 2.2 %

Shares of NYSE FLUT traded down $5.94 during mid-day trading on Tuesday, reaching $265.26. 2,411,666 shares of the company’s stock were exchanged, compared to its average volume of 1,492,031. The company’s 50-day moving average is $267.28 and its 200-day moving average is $250.16. Flutter Entertainment has a 52-week low of $174.03 and a 52-week high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

Analysts Set New Price Targets

A number of research firms have commented on FLUT. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Wednesday, January 8th. 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 research note on Wednesday, November 13th. BTIG Research set a $323.00 target price on Flutter Entertainment in a report on Monday, February 3rd. Wells Fargo & Company lowered their price target on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays raised their target price on Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Eighteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Buy” and an average target price of $307.88.

Flutter Entertainment Company Profile

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.