Flutter Entertainment (NYSE:FLUT) Reaches New 52-Week Low on Disappointing Earnings

Flutter Entertainment PLC (NYSE:FLUT)’s share price hit a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $89.71 and last traded at $92.96, with a volume of 15701191 shares changing hands. The stock had previously closed at $104.96.

The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.20%. Flutter Entertainment’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.95 EPS.

Flutter Entertainment News Summary

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Flutter reported Q2 revenue of $4.33 billion, exceeding the $4.24 billion analyst consensus and increasing 3.3% year over year. The revenue beat provides some support for the shares despite weaker profitability. Flutter Entertainment Announces Q2 2026 Financial Results
• Positive Sentiment: Michael Burry reportedly views the selloff as a buying opportunity, offering a contrarian perspective that Flutter’s long-term prospects and FanDuel position remain undervalued. Michael Burry Disagrees With Hedge Funds Over Flutter
• Positive Sentiment: Benchmark, Stifel, Needham and BTIG retained buy ratings, although each lowered its price target. Their revised targets still imply material upside, suggesting analysts see the decline as excessive if execution improves.
• Neutral Sentiment: Dan Taylor, currently a Flutter executive, will become group CEO on October 1, succeeding Peter Jackson, who will leave the role and board on September 30. Management expects strategic continuity, but investors will watch whether the leadership change improves U.S. performance. Flutter Board Announces CEO Transition
• Negative Sentiment: Adjusted earnings per share came in at $0.49, below estimates ranging from $0.54 to $0.58 and sharply below $2.95 a year earlier. The earnings miss, along with a reported swing to a loss, contributed to the selloff. Flutter Shares Plummet on Earnings Miss and Leadership Change
• Negative Sentiment: Flutter cut its profit outlook again and issued 2026 revenue guidance of $17.4 billion to $18.4 billion, a range that only narrowly brackets consensus expectations. The weaker outlook reflects continued difficulties in the U.S. sportsbook, including unfavorable economics and higher promotional or operating pressures. Flutter CEO to Step Down as U.S. Sports-Betting Business Falters
• Negative Sentiment: Analyst target reductions and a Zacks downgrade to “strong sell” reinforce concerns about near-term earnings momentum, even though several firms continue to rate FLUT “buy.”

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FLUT shares. Zacks Research lowered Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday. Truist Financial decreased their price objective on Flutter Entertainment from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark lowered their target price on Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday. Moffett Nathanson cut Flutter Entertainment from a “buy” rating to a “neutral” rating and set a $127.00 target price on the stock. in a report on Friday, April 24th. Finally, BNP Paribas Exane initiated coverage on shares of Flutter Entertainment in a research report on Thursday, May 14th. They issued an “underperform” rating and a $80.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.04.

Insiders Place Their Bets

In related news, Director Carolan Lennon purchased 520 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $92.30 per share, for a total transaction of $47,996.00. Following the purchase, the director owned 2,127 shares of the company’s stock, valued at approximately $196,322.10. This trade represents a 32.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeremy Peter Jackson sold 3,084 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $98.13, for a total value of $302,632.92. Following the sale, the chief executive officer directly owned 74,326 shares of the company’s stock, valued at $7,293,610.38. This represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have purchased 4,144 shares of company stock worth $399,337 and have sold 5,865 shares worth $564,213. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Flutter Entertainment

Several institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its position in Flutter Entertainment by 145.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,231 shares of the company’s stock valued at $126,000 after buying an additional 729 shares during the last quarter. CX Institutional boosted its holdings in Flutter Entertainment by 729.7% during the 2nd quarter. CX Institutional now owns 531 shares of the company’s stock worth $54,000 after acquiring an additional 467 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Flutter Entertainment by 66.8% in the 1st quarter. Pacer Advisors Inc. now owns 2,887 shares of the company’s stock worth $294,000 after acquiring an additional 1,156 shares in the last quarter. DV Trading LLC grew its stake in shares of Flutter Entertainment by 609.4% in the 1st quarter. DV Trading LLC now owns 2,036 shares of the company’s stock worth $208,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Flutter Entertainment by 489.7% in the first quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $47,000 after purchasing an additional 382 shares during the last quarter.

Flutter Entertainment Stock Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. The company’s fifty day moving average price is $104.57 and its 200 day moving average price is $113.66. The company has a market cap of $16.17 billion, a PE ratio of -21.62, a P/E/G ratio of 1.27 and a beta of 1.28.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.