News coverage about Penn National Gaming (NASDAQ:PENN) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Penn National Gaming earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.8124614788766 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Week in review: Penn National Gaming plays offense and defense (readingeagle.com)
- Penn National Sues Pa. Over Gambling Expansion Law (law360.com)
- Penn National Gaming lands license for Pennsylvania’s next casino (readingeagle.com)
- Zacks: Brokerages Expect Penn National Gaming, Inc (PENN) Will Post Earnings of $0.18 Per Share (americanbankingnews.com)
PENN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, January 9th. BidaskClub downgraded shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 5th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price on shares of Penn National Gaming in a research note on Monday, December 18th. Deutsche Bank upped their target price on shares of Penn National Gaming from $29.00 to $32.00 in a research note on Monday, December 18th. Finally, Union Gaming Research upped their target price 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 investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.55.
Shares of Penn National Gaming (NASDAQ PENN) traded up $0.08 on Tuesday, hitting $32.19. 1,175,400 shares of the stock traded hands, compared to its average volume of 1,400,000. Penn National Gaming has a 52-week low of $13.00 and a 52-week high of $32.98. The stock has a market cap of $2,930.00, a PE ratio of 3.69 and a beta of 1.38. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.82 and a quick ratio of 0.82.
Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. Penn National Gaming had a net margin of 26.16% and a negative return on equity of 20.51%. equities analysts expect that Penn National Gaming will post 0.71 earnings per share for the current fiscal year.
In other news, CEO Timothy J. Wilmott sold 13,903 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $24.05, for a total value of $334,367.15. Following the completion of the sale, the chief executive officer now owns 456,100 shares of the company’s stock, valued at approximately $10,969,205. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay A. Snowden sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the completion of the sale, the insider now directly owns 46,281 shares of the company’s stock, valued at approximately $1,160,264.67. The disclosure for this sale can be found here. 10.17% of the stock is currently owned by corporate insiders.
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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