Penn National Gaming (NASDAQ:PENN) announced its quarterly earnings data on Thursday. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.34 by $0.10, Briefing.com reports. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Penn National Gaming had a return on equity of 13.24% and a net margin of 2.20%. The company’s revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS.
Shares of PENN stock traded down $0.17 during trading hours on Friday, reaching $18.93. The company’s stock had a trading volume of 2,437,993 shares, compared to its average volume of 1,884,064. The company has a market capitalization of $2.22 billion, a PE ratio of 20.35, a P/E/G ratio of 1.39 and a beta of 1.77. Penn National Gaming has a one year low of $17.30 and a one year high of $35.36. The business’s fifty day moving average is $19.00. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.78 and a quick ratio of 0.78.
Several equities analysts have recently commented on PENN shares. Susquehanna Bancshares started coverage on Penn National Gaming in a research report on Wednesday, July 24th. They set a “positive” rating and a $25.00 price objective on the stock. BidaskClub upgraded Penn National Gaming from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 17th. Union Gaming Research upgraded Penn National Gaming from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America upgraded Penn National Gaming from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Morgan Stanley upgraded Penn National Gaming from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $27.00 in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Penn National Gaming currently has a consensus rating of “Buy” and an average price target of $30.45.
About Penn National Gaming
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 four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions.
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