Penn National Gaming (PENN) Earning Somewhat Favorable Media Coverage, Report Shows

Press coverage about Penn National Gaming (NASDAQ:PENN) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Penn National Gaming earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.2793731508446 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

PENN has been the subject of a number of analyst reports. ValuEngine downgraded Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Jefferies Financial Group set a $40.00 price objective on Penn National Gaming and gave the stock a “buy” rating in a research report on Friday, July 27th. Deutsche Bank reissued a “buy” rating and set a $37.00 price objective on shares of Penn National Gaming in a research report on Sunday, April 29th. BidaskClub downgraded Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, TheStreet raised Penn National Gaming from a “c+” rating to a “b-” rating in a report on Monday, May 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $36.27.



Shares of PENN opened at $30.95 on Wednesday. The company has a debt-to-equity ratio of 162.63, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $2.91 billion, a P/E ratio of 3.45, a price-to-earnings-growth ratio of 1.78 and a beta of 1.51. Penn National Gaming has a 52-week low of $20.05 and a 52-week high of $36.90.

Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.08. The firm had revenue of $826.91 million during the quarter, compared to the consensus estimate of $840.15 million. Penn National Gaming had a return on equity of 268.43% and a net margin of 18.02%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. sell-side analysts predict that Penn National Gaming will post 1.77 EPS for the current fiscal year.

In other Penn National Gaming news, CEO Timothy J. Wilmott sold 5,987 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $36.35, for a total value of $217,627.45. Following the completion of the sale, the chief executive officer now owns 518,854 shares in the company, valued at $18,860,342.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Carl Sottosanti sold 16,653 shares of the business’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $34.09, for a total value of $567,700.77. Following the completion of the sale, the executive vice president now owns 52,489 shares of the company’s stock, valued at approximately $1,789,350.01. The disclosure for this sale can be found here. Insiders sold 319,412 shares of company stock valued at $11,217,893 over the last ninety days. 10.56% of the stock is currently owned by corporate insiders.

Penn National Gaming Company Profile

Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through Northeast, South/West, and Midwest segments. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.

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