Penn National Gaming (PENN) Set to Announce Quarterly Earnings on Thursday

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Penn National Gaming (NASDAQ:PENN) is scheduled to announce its earnings results before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $0.45 per share for the quarter.

NASDAQ PENN opened at $23.32 on Wednesday. Penn National Gaming has a 52 week low of $21.91 and a 52 week high of $36.90. The company has a debt-to-equity ratio of 162.63, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $2.16 billion, a PE ratio of 2.60, a PEG ratio of 1.14 and a beta of 1.61.

A number of research analysts have recently commented on PENN shares. Jefferies Financial Group set a $40.00 target price on shares of Penn National Gaming and gave the stock a “buy” rating in a research report on Friday, July 27th. ValuEngine raised shares of Penn National Gaming from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. SunTrust Banks assumed coverage on shares of Penn National Gaming in a report on Tuesday, October 2nd. They issued a “buy” rating and a $39.00 price target on the stock. Zacks Investment Research cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Finally, BidaskClub raised shares of Penn National Gaming from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $36.08.

In related news, Director Saul Reibstein sold 6,694 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $35.00, for a total value of $234,290.00. Following the sale, the director now directly owns 25,642 shares of the company’s stock, valued at $897,470. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy J. Wilmott purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was bought at an average cost of $30.85 per share, for a total transaction of $3,085,000.00. The disclosure for this purchase can be found here. Corporate insiders own 10.56% of the company’s stock.

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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Earnings History for Penn National Gaming (NASDAQ:PENN)

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