Penn National Gaming (NASDAQ:PENN) issued its earnings results on Thursday. The company reported ($3.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($3.58), Bloomberg Earnings reports. The business had revenue of $769.00 million for the quarter, compared to analyst estimates of $766.82 million. Penn National Gaming had a negative return on equity of 20.51% and a net margin of 26.16%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share.
Penn National Gaming (NASDAQ:PENN) traded down $1.04 during trading on Thursday, hitting $28.41. 637,662 shares of the stock traded hands, compared to its average volume of 981,246. The company has a market capitalization of $2,795.05, a price-to-earnings ratio of 3.38 and a beta of 1.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 18.36. Penn National Gaming has a fifty-two week low of $13.73 and a fifty-two week high of $33.30.
A number of analysts have weighed in on PENN shares. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Tuesday, January 9th. Jefferies Group reissued a “buy” rating and set a $35.00 target price on shares of Penn National Gaming in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and set a $33.00 target price on shares of Penn National Gaming in a report on Monday, December 18th. Union Gaming Research increased their target price on shares of Penn National Gaming to $35.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, Deutsche Bank increased their target price on shares of Penn National Gaming from $29.00 to $32.00 in a report on Monday, December 18th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $28.73.
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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