Penn National Gaming (PENN) Posts Quarterly Earnings Results, Misses Expectations By $11.53 EPS
Penn National Gaming (NASDAQ:PENN) released its earnings data on Thursday. The company reported ($11.40) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $11.53, Analyst RN reports. The company had revenue of $644.70 million for the quarter, compared to the consensus estimate of $655.57 million.
Shares of Penn National Gaming (NASDAQ:PENN) opened at 11.30 on Thursday. Penn National Gaming has a 52 week low of $10.84 and a 52 week high of $15.50. The stock has a 50-day moving average of $12.98 and a 200-day moving average of $12.90. The company has a market cap of $870.7 million and a P/E ratio of 10.12.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of Penn National Gaming from $15.00 to $13.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. On the ratings front, analysts at Bank of America Corp. downgraded shares of Penn National Gaming from a “buy” rating to an “underperform” rating in a research note to investors on Tuesday, January 28th. They now have a $10.00 price target on the stock, down previously from $17.00. Finally, analysts at Bank of America Corp. downgraded shares of Penn National Gaming from a “buy” rating to an “underperform” rating in a research note to investors on Tuesday, January 28th. They now have a $10.00 price target on the stock, down previously from $17.00. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.88.
Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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