Penn National Gaming, Inc. (NASDAQ: PENN) Expected to Report Earnings of $ 0.81 Per Share
Equity research analysts expect Penn National Gaming, Inc. (NASDAQ: PENN) to report earnings of $ 0.81 per share for the current fiscal quarter, according to Zack. Six analysts have released earnings estimates for Penn National Gaming. The highest EPS estimate is $ 1.03 and the lowest is $ 0.64. Penn National Gaming reported earnings per share of $ 0.93 in the same quarter last year, suggesting a negative year-over-year growth rate of 12.9%. The company is expected to release its next quarterly earnings report on Thursday, November 4.
On average, analysts expect Penn National Gaming to report an annual profit of $ 3.21 per share for the current year, with EPS estimates ranging from $ 2.88 to $ 3.61. For next year, analysts expect the company to report earnings of $ 2.72 per share, with EPS estimates ranging from $ 1.82 to $ 3.26. Zacks Investment Research’s BPA calculations are an average based on a survey of seller-side research companies that provide coverage for Penn National Gaming.
Penn National Gaming (NASDAQ: PENN) last released its results on Thursday, August 5. The company reported earnings per share of $ 1.17 for the quarter, beating consensus analysts’ estimates of $ 0.93 by $ 0.24. Penn National Gaming had a net margin of 8.89% and a return on equity of 16.24%. The company posted revenue of $ 1.55 billion for the quarter, compared to analysts’ estimates of $ 1.50 billion. In the same quarter of last year, the company posted earnings per share ($ 1.69). The company’s quarterly revenue increased 406.0% year-over-year.
A number of analysts have recently weighed on PENN stocks. Needham & Company LLC lowered its price target on Penn National Gaming from $ 151.00 to $ 115 and set a “buy” rating for the company in a report released on Friday, August 6. Wells Fargo & Company assumed coverage of Penn National Gaming in a research note Tuesday. They issued an “equal weight” rating and a price target of $ 82.00 for the company. Zacks investment research downgraded Penn National Gaming from a “buy” rating to a “keep” rating and set a price target of $ 75 for the stock. in a research note on Tuesday August 10. Capital One Financial assumed coverage of Penn National Gaming in a report released Wednesday, September 1. They issued an “overweight” rating on the stock. Finally, the Goldman Sachs group lowered its price target on Penn National Gaming shares from $ 149.00 to $ 124.00 and set a “buy” rating for the company in a report released on Wednesday, July 28. . Two analysts rated the stock with a sell rating, five issued a conservation rating and twelve gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $ 102.53.
In other Penn National Gaming news, CEO Jay A. Snowden sold 14,900 shares of the company in a trade that took place on Monday, September 13. The stock was sold at an average price of $ 80.46, for a total trade of $ 1,198,854.00. Following the completion of the sale, the CEO now directly owns 545,396 shares of the company, valued at approximately $ 43,882,562.16. The sale was disclosed in a file with the Securities & Exchange Commission, which can be accessed via the SEC website. Company insiders own 1.81% of the company’s shares.
Large investors have recently bought and sold shares in the company. Montag A & Associates Inc. purchased a new equity stake in Penn National Gaming during the 1st quarter valued at $ 26,000. E Fund Management Co. Ltd. purchased a new position in Penn National Gaming during the first quarter worth approximately $ 27,000. Danda Trouve Investment Management Inc. purchased a new stake in Penn National Gaming during the second quarter valued at approximately $ 28,000. CSat Investment Advisory LP purchased a new stake in Penn National Gaming during the first quarter for a value of approximately $ 34,000. Finally, Capital Analysts LLC increased its position in Penn National Gaming by 242.1% in the second quarter. Capital Analysts LLC now owns 496 shares of the company valued at $ 38,000 after acquiring 351 additional shares during the period. Hedge funds and other institutional investors hold 83.16% of the company’s shares.
NASDAQ: PENN opened at $ 74.59 on Friday. The stock’s 50-day moving average is $ 73.55 and its 200-day moving average is $ 85.73. Penn National Gaming has a one-year low of $ 52.09 and a one-year high of $ 142.00. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt ratio of 2.16. The stock has a market cap of $ 11.69 billion, a P / E ratio of 27.42 and a beta of 2.55.
About Penn National Gaming
Penn National Gaming, Inc. owns and operates gaming and racing facilities and video game terminal operations with an emphasis on slot machine entertainment. It operates in the following business segments: Northeast, South, West and Midwest, and Others. The Northeast segment includes properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor.
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