Flutter Entertainment (FLUT) Set to Announce Earnings on Tuesday

Flutter Entertainment (NYSE:FLUT) will issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.41 billion. On average, analysts expect Flutter Entertainment to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Flutter Entertainment Stock Performance

FLUT stock traded up $0.39 on Tuesday, reaching $227.52. The company’s stock had a trading volume of 494,512 shares, compared to its average volume of 1,081,742. The firm has a fifty day moving average of $227.00 and a two-hundred day moving average of $206.31. Flutter Entertainment has a 52 week low of $148.00 and a 52 week high of $252.84.

Flutter Entertainment announced that its Board of Directors has approved a stock buyback program on Wednesday, September 25th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 11.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America initiated coverage on Flutter Entertainment in a research report on Monday, October 14th. They set a “buy” rating and a $300.00 price target on the stock. Needham & Company LLC started coverage on shares of Flutter Entertainment in a research report on Monday, September 23rd. They set a “buy” rating and a $270.00 price objective for the company. BTIG Research boosted their target price on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. JMP Securities increased their target price on shares of Flutter Entertainment from $255.00 to $287.00 and gave the company a “market outperform” rating in a research note on Monday, October 14th. Finally, Susquehanna lifted their price target on shares of Flutter Entertainment from $230.00 to $273.00 and gave the stock a “positive” rating in a research report on Monday, October 7th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus target price of $275.92.

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.