Gaming and Leisure Properties (NASDAQ:GLPI) updated its first quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.85-0.85 for the period. The company issued revenue guidance of $288.5-288.5 million, compared to the consensus revenue estimate of $320.11 million.Gaming and Leisure Properties also updated its FY 2019 guidance to $3.40-3.45 EPS.
A number of equities analysts have weighed in on the company. BidaskClub upgraded Gaming and Leisure Properties from a buy rating to a strong-buy rating in a report on Friday, February 8th. Zacks Investment Research cut Gaming and Leisure Properties from a buy rating to a hold rating in a report on Wednesday, January 2nd. Jefferies Financial Group decreased their price target on Gaming and Leisure Properties from $41.00 to $37.00 and set a hold rating for the company in a report on Friday, November 16th. Finally, Barclays upped their price target on Gaming and Leisure Properties from $45.00 to $48.00 and gave the stock an overweight rating in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Gaming and Leisure Properties presently has a consensus rating of Buy and a consensus target price of $39.90.
Gaming and Leisure Properties stock opened at $37.84 on Wednesday. The company has a market cap of $8.10 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.25 and a beta of 0.60. The company has a debt-to-equity ratio of 2.31, a current ratio of 10.00 and a quick ratio of 10.00. Gaming and Leisure Properties has a 52 week low of $31.19 and a 52 week high of $38.28.
COPYRIGHT VIOLATION WARNING: “Gaming and Leisure Properties (GLPI) Updates Q1 2019 Earnings Guidance” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.com-unik.info/2019/02/13/gaming-and-leisure-properties-glpi-updates-q1-2019-earnings-guidance.html.
About Gaming and Leisure Properties
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
Featured Article: Is it better to buy a fund with a higher or lower NAV?
Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter.