Analysts Expect Penn National Gaming, Inc (PENN) to Announce $0.42 EPS

Brokerages expect that Penn National Gaming, Inc (NASDAQ:PENN) will post earnings of $0.42 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Penn National Gaming’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.28. Penn National Gaming reported earnings of $0.24 per share during the same quarter last year, which indicates a positive year over year growth rate of 75%. The company is scheduled to issue its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Penn National Gaming will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.76. For the next year, analysts expect that the firm will report earnings of $1.53 per share, with EPS estimates ranging from $1.29 to $1.82. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Penn National Gaming.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($3.40) EPS for the quarter, missing the consensus estimate of $0.18 by ($3.58). The firm had revenue of $769.00 million for the quarter, compared to the consensus estimate of $766.82 million. Penn National Gaming had a net margin of 15.97% and a negative return on equity of 22.76%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share.

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of Penn National Gaming from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday. Deutsche Bank lowered their price objective on shares of Penn National Gaming from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday. Jefferies Group reissued a “buy” rating and issued a $35.00 price target on shares of Penn National Gaming in a research note on Tuesday, February 6th. TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research note on Monday, November 13th. Finally, Union Gaming Research increased their price target on shares of Penn National Gaming to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Five 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. Penn National Gaming currently has an average rating of “Buy” and an average price target of $29.09.

Penn National Gaming (NASDAQ:PENN) opened at $27.83 on Tuesday. The company has a market cap of $2,540.00, a PE ratio of 5.28 and a beta of 1.39. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82. Penn National Gaming has a one year low of $13.73 and a one year high of $33.30.

A number of hedge funds have recently added to or reduced their stakes in the stock. Carillon Tower Advisers Inc. bought a new position in Penn National Gaming in the fourth quarter worth about $71,807,000. Cookson Peirce & Co. Inc. raised its stake in Penn National Gaming by 148.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 45,510 shares of the company’s stock worth $1,426,000 after buying an additional 27,190 shares in the last quarter. Quadrature Capital Ltd bought a new position in Penn National Gaming in the fourth quarter worth about $394,000. Arrowstreet Capital Limited Partnership raised its stake in Penn National Gaming by 113.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,344,104 shares of the company’s stock worth $42,111,000 after buying an additional 714,928 shares in the last quarter. Finally, Penn Capital Management Co. Inc. grew its holdings in Penn National Gaming by 6.3% in the fourth quarter. Penn Capital Management Co. Inc. now owns 478,277 shares of the company’s stock worth $15,006,000 after purchasing an additional 28,334 shares during the period. 97.32% of the stock is owned by institutional investors.

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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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