Bally’s (BALY) Scheduled to Post Quarterly Earnings on Wednesday

Bally’s (NYSE:BALY) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Bally’s to post earnings of ($0.25) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Bally’s Stock Performance

Shares of BALY stock remained flat at $17.47 during mid-day trading on Tuesday. 93,313 shares of the company’s stock traded hands, compared to its average volume of 460,567. The stock’s 50-day moving average price is $17.33 and its two-hundred day moving average price is $14.99. Bally’s has a 1-year low of $8.53 and a 1-year high of $18.00. The company has a debt-to-equity ratio of 9.28, a quick ratio of 0.58 and a current ratio of 0.60.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company raised shares of Bally’s from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $11.00 to $18.25 in a research report on Monday, July 29th. Barclays upped their price objective on shares of Bally’s from $10.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. JMP Securities restated a “market perform” rating on shares of Bally’s in a report on Monday, July 15th. Stifel Nicolaus upped their price objective on shares of Bally’s from $14.00 to $18.25 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Truist Financial restated a “hold” rating and set a $18.25 price objective (up previously from $16.00) on shares of Bally’s in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.14.

About Bally’s

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.