Wall Street brokerages expect Penn National Gaming, Inc (NASDAQ:PENN) to post earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Penn National Gaming’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.20. Penn National Gaming reported earnings per share of $0.05 in the same quarter last year, which would suggest a positive year-over-year growth rate of 260%. The firm is expected to issue its next earnings report on Thursday, February 1st.

On average, analysts expect that Penn National Gaming will report full-year earnings of $8.89 per share for the current financial year, with EPS estimates ranging from $8.85 to $8.91. For the next year, analysts forecast that the company will post earnings of $1.36 per share, with EPS estimates ranging from $1.08 to $1.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Penn National Gaming.

Several equities analysts have recently weighed in on the stock. Deutsche Bank raised their price objective on shares of Penn National Gaming from $29.00 to $32.00 in a research report on Monday, December 18th. TheStreet upgraded shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research report on Monday, November 13th. BidaskClub lowered shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th. Union Gaming Research raised their price objective on shares of Penn National Gaming to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $33.00 price objective on shares of Penn National Gaming in a research report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $26.55.

In related news, CEO Timothy J. Wilmott sold 11,159 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $24.03, for a total transaction of $268,150.77. Following the transaction, the chief executive officer now owns 456,100 shares of the company’s stock, valued at $10,960,083. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy J. Wilmott sold 13,903 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $24.05, for a total transaction of $334,367.15. Following the transaction, the chief executive officer now directly owns 456,100 shares in the company, valued at approximately $10,969,205. The disclosure for this sale can be found here. Insiders sold 137,123 shares of company stock valued at $3,409,699 over the last three months. 10.17% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. raised its position in Penn National Gaming by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after acquiring an additional 482 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Penn National Gaming during the second quarter valued at approximately $206,000. Royal Bank of Canada raised its position in Penn National Gaming by 209.1% during the second quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock valued at $212,000 after acquiring an additional 6,692 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Penn National Gaming by 82.8% during the third quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock valued at $214,000 after purchasing an additional 4,138 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Penn National Gaming by 3.8% during the second quarter. Amalgamated Bank now owns 10,962 shares of the company’s stock valued at $235,000 after purchasing an additional 405 shares during the last quarter. 97.53% of the stock is currently owned by hedge funds and other institutional investors.

Penn National Gaming (NASDAQ PENN) opened at $31.01 on Wednesday. The stock has a market cap of $2,830.00, a PE ratio of 3.55, a P/E/G ratio of 4.11 and a beta of 1.38. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.82 and a quick ratio of 0.82. Penn National Gaming has a 12-month low of $13.00 and a 12-month high of $31.65.

TRADEMARK VIOLATION WARNING: “Zacks: Brokerages Expect Penn National Gaming, Inc (PENN) Will Post Earnings of $0.18 Per Share” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2018/01/10/zacks-brokerages-expect-penn-national-gaming-inc-penn-will-post-earnings-of-0-18-per-share.html.

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.

Get a free copy of the Zacks research report on Penn National Gaming (PENN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Penn National Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming and related companies with MarketBeat.com's FREE daily email newsletter.