NYSE:BALY

Bally's (BALY) Stock Price, News & Analysis

$13.11
+0.25 (+1.94%)
(As of 11:09 AM ET)
Today's Range
$12.80
$13.20
50-Day Range
$9.75
$14.50
52-Week Range
$7.28
$16.96
Volume
68,742 shs
Average Volume
473,216 shs
Market Capitalization
$525.58 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.71

Bally's MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
19.9% Upside
$15.71 Price Target
Short Interest
Healthy
7.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.03mentions of Bally
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($5.21) to ($4.00) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.03 out of 5 stars

Consumer Discretionary Sector

204th out of 264 stocks

Hotels & Motels Industry

22nd out of 27 stocks

BALY stock logo

About Bally's Stock (NYSE:BALY)

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. The company's casino operations include slot machines, table games, and hotel rooms. It also has rights to developable land in Las Vegas. The company was formerly known as Twin River Worldwide Holdings, Inc. and changed its name to Bally's Corporation in November 2020. Bally's Corporation was incorporated in 2004 and is headquartered in Providence, Rhode Island.

BALY Stock Price History

BALY Stock News Headlines

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Bally's (BALY) Set to Announce Quarterly Earnings on Wednesday
Bally's Atlantic City Celebrates 45th Anniversary
Bally's Atlantic City Celebrates 45th Anniversary
Bally's hires advisors to evaluate takeover bid
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
5/09/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Fax
N/A
Employees
10,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.71
High Stock Price Target
$30.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+22.2%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$-187,500,000.00
Pretax Margin
-7.58%

Debt

Sales & Book Value

Annual Sales
$2.45 billion
Cash Flow
$2.44 per share
Book Value
$13.94 per share

Miscellaneous

Free Float
28,503,000
Market Cap
$515.56 million
Optionable
Optionable
Beta
2.06
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Key Executives

  • Mr. Robeson Mandela Reeves (Age 40)
    CEO & Director
    Comp: $2.32M
  • Mr. George T. Papanier (Age 66)
    President & Director
    Comp: $2.08M
  • Mr. Marcus Glover (Age 48)
    Executive VP & CFO
    Comp: $913.89k
  • Ms. Kimberly Marie Barker Lee (Age 56)
    Executive VP & Chief Legal Officer
    Comp: $939.16k
  • Mr. Craig L. Eaton (Age 59)
    President of Rhode Island Operations & Corporate Secretary
    Comp: $690.04k
  • Charles Diao
    Senior VP of Finance & Corporate Treasurer
  • Jeff Chalson
    Vice President of Corporate Development & Strategy

BALY Stock Analysis - Frequently Asked Questions

Should I buy or sell Bally's stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bally's in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BALY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BALY, but not buy additional shares or sell existing shares.
View BALY analyst ratings
or view top-rated stocks.

What is Bally's' stock price target for 2024?

6 brokers have issued 1-year price objectives for Bally's' shares. Their BALY share price targets range from $10.00 to $30.00. On average, they predict the company's share price to reach $15.71 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price.
View analysts price targets for BALY
or view top-rated stocks among Wall Street analysts.

How have BALY shares performed in 2024?

Bally's' stock was trading at $13.94 at the beginning of the year. Since then, BALY stock has decreased by 6.0% and is now trading at $13.11.
View the best growth stocks for 2024 here
.

Are investors shorting Bally's?

Bally's saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,690,000 shares, a drop of 15.1% from the March 31st total of 1,990,000 shares. Based on an average daily volume of 516,100 shares, the days-to-cover ratio is currently 3.3 days. Approximately 7.4% of the shares of the stock are sold short.
View Bally's' Short Interest
.

When is Bally's' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our BALY earnings forecast
.

How were Bally's' earnings last quarter?

Bally's Co. (NYSE:BALY) issued its quarterly earnings results on Wednesday, May, 1st. The company reported ($3.61) EPS for the quarter, missing analysts' consensus estimates of ($1.13) by $2.48. The firm had revenue of $618.48 million for the quarter, compared to analyst estimates of $625.94 million. Bally's had a negative trailing twelve-month return on equity of 32.28% and a negative net margin of 21.26%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.74) earnings per share.

What ETFs hold Bally's' stock?
What guidance has Bally's issued on next quarter's earnings?

Bally's issued an update on its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.5 billion-$2.7 billion, compared to the consensus revenue estimate of $2.6 billion.

Who are Bally's' major shareholders?

Bally's' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Empowered Funds LLC (0.35%), Simplex Trading LLC (0.00%), Regatta Capital Group LLC (0.15%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Craig L Eaton, General LP Standard, Jaymin B Patel, Lee Kim Barker, Marc A Crisafulli, Robeson Reeves, Stephen H Capp and Terrence Downey.
View institutional ownership trends
.

How do I buy shares of Bally's?

Shares of BALY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BALY) was last updated on 5/9/2024 by MarketBeat.com Staff

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