Flutter Leisure (NYSE:FLUT – Get Free Report) introduced that its Board of Administrators has initiated a share repurchase plan on Wednesday, September twenty fifth, RTT Information experiences. The corporate plans to buyback $5.00 billion in shares. This buyback authorization permits the corporate to reacquire as much as 11.7% of its shares via open market purchases. Shares buyback plans are usually a sign that the corporate’s board of administrators believes its inventory is undervalued.
Flutter Leisure Buying and selling Up 5.1 %
Shares of FLUT inventory traded up $11.67 on Wednesday, reaching $239.84. The corporate’s inventory had a buying and selling quantity of 4,320,157 shares, in comparison with its common quantity of 1,017,519. The inventory’s fifty day easy shifting common is $207.75 and its 200-day easy shifting common is $200.69. Flutter Leisure has a 1 yr low of $148.00 and a 1 yr excessive of $252.84.
Flutter Leisure (NYSE:FLUT – Get Free Report) final issued its quarterly earnings information on Tuesday, August thirteenth. The corporate reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.07 by $1.26. The corporate had income of $3.61 billion for the quarter, in comparison with the consensus estimate of $3.41 billion. Promote-side analysts anticipate that Flutter Leisure will submit 4.75 earnings per share for the present fiscal yr.
Analysts Set New Worth Targets
A number of analysis companies just lately weighed in on FLUT. Berenberg Financial institution upgraded Flutter Leisure to a “strong-buy” ranking in a analysis report on Tuesday, August twenty seventh. Morgan Stanley assumed protection on shares of Flutter Leisure in a report on Thursday, August twenty second. They issued an “chubby” ranking and a $247.00 goal worth for the corporate. Wells Fargo & Firm lifted their goal worth on shares of Flutter Leisure from $218.00 to $224.00 and gave the corporate an “equal weight” ranking in a analysis word on Wednesday, August 14th. Needham & Firm LLC began protection on shares of Flutter Leisure in a report on Monday. They issued a “purchase” ranking and a $270.00 goal worth for the corporate. Lastly, BTIG Analysis boosted their worth goal on Flutter Leisure from $245.00 to $249.00 and gave the corporate a “purchase” ranking in a analysis report on Wednesday, August 14th. One analysis analyst has rated the inventory with a maintain ranking, eleven have given a purchase ranking and one has given a robust purchase ranking to the inventory. Primarily based on information from MarketBeat, the corporate presently has a consensus ranking of “Purchase” and a mean goal worth of $248.80.
About Flutter Leisure
Flutter Leisure plc operates as a sports activities betting and gaming firm in the UK, Eire, Australia, america, Italy, and internationally. The corporate operates via 4 segments: UK & Eire, Australia, Worldwide, and US. It presents sports activities betting, iGaming, each day fantasy sports activities, on-line racing wagering, and TV broadcasting merchandise; sportsbooks and change sports activities betting merchandise, and gaming merchandise; and on-line sports activities betting.
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