Penn National Gaming, Inc (NASDAQ:PENN) – Equities researchers at SunTrust Banks increased their FY2018 EPS estimates for Penn National Gaming in a research report issued to clients and investors on Monday. SunTrust Banks analyst P. Scholes now anticipates that the company will post earnings per share of $1.76 for the year, up from their prior estimate of $1.65. SunTrust Banks also issued estimates for Penn National Gaming’s FY2019 earnings at $1.88 EPS.
Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($3.40) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($3.58). The company had revenue of $769.00 million for the quarter, compared to analysts’ expectations of $766.82 million. Penn National Gaming had a net margin of 26.16% and a negative return on equity of 20.51%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 earnings per share.
Shares of Penn National Gaming (NASDAQ PENN) traded down $1.59 during mid-day trading on Wednesday, reaching $27.86. The company had a trading volume of 1,566,909 shares, compared to its average volume of 1,007,798. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $2,795.05, a PE ratio of 3.38 and a beta of 1.05. Penn National Gaming has a 52 week low of $13.73 and a 52 week high of $33.30.
Institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC purchased a new stake in shares of Penn National Gaming in the fourth quarter valued at approximately $127,000. Ameritas Investment Partners Inc. increased its position in shares of Penn National Gaming by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after buying an additional 482 shares in the last quarter. Royal Bank of Canada increased its position in shares of Penn National Gaming by 209.1% in the second quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock valued at $212,000 after buying an additional 6,692 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Penn National Gaming by 82.8% in the third quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock worth $214,000 after acquiring an additional 4,138 shares during the last quarter. Finally, Shelton Capital Management acquired a new stake in shares of Penn National Gaming in the fourth quarter worth approximately $231,000. Institutional investors and hedge funds own 98.33% of the company’s stock.
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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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