Flutter Entertainment (NYSE:FLUT) Issues Earnings Results

Flutter Entertainment (NYSE:FLUT) issued its earnings results on Tuesday. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.93, Zacks reports. Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%.

Flutter Entertainment Price Performance

FLUT stock traded down $5.94 on Tuesday, reaching $265.26. 2,412,044 shares of the company’s stock were exchanged, compared to its average volume of 1,492,031. The stock has a fifty day moving average of $267.28 and a 200-day moving average of $250.16. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Craig Hallum upped their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Truist Financial started coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price target for the company. UBS Group lifted their price target on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Flutter Entertainment in a report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their target price on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Eighteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.