Flutter Entertainment (NYSE:FLUT) Issues Earnings Results, Beats Estimates By $0.93 EPS

Flutter Entertainment (NYSE:FLUT) released 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 net margin of 6.86% and a negative return on equity of 4.52%.

Flutter Entertainment Price Performance

FLUT traded down $5.94 during trading on Tuesday, hitting $265.26. The company’s stock had a trading volume of 2,411,666 shares, compared to its average volume of 1,492,031. The firm’s 50 day moving average price is $267.28 and its 200-day moving average price is $250.16. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Macquarie began coverage on Flutter Entertainment in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 price objective for the company. Craig Hallum raised their price target on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Barclays boosted their price objective on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Eighteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from 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.