Penn National Gaming, Inc. (NASDAQ:PENN) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $0.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76. The company issued revenue guidance of $3.12 billion, compared to the consensus revenue estimate of $3.12 billion.Penn National Gaming also updated its Q3 guidance to $0.20 EPS.
A number of brokerages recently commented on PENN. BidaskClub raised shares of Penn National Gaming from a buy rating to a strong-buy rating in a report on Tuesday, June 13th. Deutsche Bank AG reaffirmed a buy rating and issued a $25.00 price target (up previously from $22.00) on shares of Penn National Gaming in a report on Thursday, June 22nd. Instinet reaffirmed a neutral rating and issued a $21.00 price target (up previously from $19.00) on shares of Penn National Gaming in a report on Monday, June 19th. Zacks Investment Research raised shares of Penn National Gaming from a hold rating to a buy rating and set a $24.00 price target for the company in a report on Wednesday, July 5th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $23.00 price target on shares of Penn National Gaming in a report on Friday, July 14th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Penn National Gaming presently has a consensus rating of Buy and a consensus target price of $21.00.
Shares of Penn National Gaming, Inc. (PENN) opened at 20.14 on Friday. Penn National Gaming, Inc. has a 52-week low of $11.93 and a 52-week high of $22.19. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 20.38 and a beta of 1.02. The company has a 50-day moving average of $21.13 and a 200-day moving average of $17.79.
Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.07. The business had revenue of $796.50 million for the quarter, compared to analyst estimates of $788.65 million. Penn National Gaming had a negative return on equity of 16.50% and a net margin of 2.39%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities research analysts anticipate that Penn National Gaming, Inc. will post $0.67 EPS for the current year.
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Penn National Gaming Company Profile
Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.
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