Flutter Entertainment (NYSE:FLUT) Issues Earnings Results, Beats Estimates By $0.87 EPS

Flutter Entertainment (NYSE:FLUT) announced its quarterly earnings results on Wednesday. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $0.77 by $0.87, Briefing.com reports. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. Flutter Entertainment updated its FY 2025 guidance to EPS.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT traded down $0.84 during trading on Friday, reaching $200.17. The company had a trading volume of 1,215,506 shares, compared to its average volume of 2,349,484. Flutter Entertainment has a fifty-two week low of $193.27 and a fifty-two week high of $313.68. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $255.25 and its 200 day moving average price is $268.50. The firm has a market capitalization of $35.25 billion, a price-to-earnings ratio of 98.10 and a beta of 1.84.

Flutter Entertainment declared that its Board of Directors has authorized a stock repurchase plan on Friday, August 8th that authorizes the company to repurchase $245.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

FLUT has been the subject of several research analyst reports. Truist Financial lowered their target price on shares of Flutter Entertainment from $335.00 to $305.00 and set a “buy” rating for the company in a report on Thursday. Benchmark dropped their price objective on Flutter Entertainment from $365.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. JMP Securities cut their target price on Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 1st. Sanford C. Bernstein reduced their target price on Flutter Entertainment from $330.00 to $325.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Finally, Needham & Company LLC decreased their target price on Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $319.22.

Insiders Place Their Bets

In other Flutter Entertainment news, CEO Amy Howe sold 4,097 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $305.91, for a total transaction of $1,253,313.27. Following the completion of the transaction, the chief executive officer owned 69,850 shares in the company, valued at approximately $21,367,813.50. This represents a 5.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Peter Jackson sold 2,112 shares of Flutter Entertainment stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $292.42, for a total value of $617,591.04. Following the completion of the sale, the chief executive officer directly owned 31,944 shares in the company, valued at $9,341,064.48. This represents a 6.20% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in Flutter Entertainment by 83.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after buying an additional 75 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Flutter Entertainment by 246.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Flutter Entertainment by 74.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock worth $71,000 after acquiring an additional 106 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Flutter Entertainment in the 2nd quarter worth approximately $203,000. Finally, AXA S.A. purchased a new position in Flutter Entertainment in the 2nd quarter valued at approximately $234,000.

About Flutter Entertainment

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.