Penn National Gaming, Inc. (NASDAQ:PENN) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. The company issued revenue guidance of $790.9, compared to the consensus revenue estimate of $789.46 million.Penn National Gaming also updated its FY17 guidance to $0.59 EPS.
A number of equities research analysts have recently issued reports on the company. Deutsche Bank AG restated a buy rating and issued a $25.00 price target (up from $22.00) on shares of Penn National Gaming in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Penn National Gaming from a hold rating to a buy rating and set a $24.00 price objective on the stock in a report on Wednesday, July 5th. Stifel Nicolaus reiterated a buy rating and issued a $23.00 price objective on shares of Penn National Gaming in a report on Friday, July 14th. BidaskClub cut Penn National Gaming from a hold rating to a sell rating in a report on Wednesday, August 2nd. Finally, Telsey Advisory Group upped their price objective on Penn National Gaming from $23.00 to $24.00 and gave the company an outperform rating in a report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Penn National Gaming presently has an average rating of Buy and a consensus price target of $21.00.
Penn National Gaming, Inc. (NASDAQ PENN) traded up 2.80% on Monday, reaching $21.32. The company’s stock had a trading volume of 1,129,095 shares. The stock has a market capitalization of $1.94 billion, a P/E ratio of 26.78 and a beta of 1.01. The firm has a 50 day moving average price of $20.86 and a 200 day moving average price of $18.40. Penn National Gaming, Inc. has a 52 week low of $11.93 and a 52 week high of $22.19.
Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Penn National Gaming had a net margin of 2.39% and a negative return on equity of 16.72%. The company had revenue of $796.50 million for the quarter, compared to analysts’ expectations of $788.65 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Penn National Gaming, Inc. will post $0.62 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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