Penn National Gaming Inc. (NASDAQ:PENN) announced its quarterly earnings data on Thursday. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.28 by $0.23. The business earned $765.60 million during the quarter, compared to analyst estimates of $757.06 million. Penn National Gaming had a negative return on equity of 14.77% and a net margin of 3.15%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year.
Shares of Penn National Gaming (NASDAQ:PENN) opened at 13.05 on Monday. Penn National Gaming has a 1-year low of $12.50 and a 1-year high of $18.09. The firm’s 50 day moving average price is $13.48 and its 200-day moving average price is $14.59. The company has a market capitalization of $1.09 billion, a P/E ratio of 12.54 and a beta of 0.88.
Several equities analysts have recently issued reports on the company. Telsey Advisory Group lowered their price target on Penn National Gaming from $25.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Zacks Investment Research lowered Penn National Gaming from a “hold” rating to a “sell” rating in a research report on Friday, October 7th. Finally, Union Gaming Research raised Penn National Gaming from a “hold” rating to a “buy” rating in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.77.
Institutional investors have recently bought and sold shares of the company. Waddell & Reed Financial Inc. increased its position in Penn National Gaming by 362.0% in the second quarter. Waddell & Reed Financial Inc. now owns 1,538,300 shares of the company’s stock worth $21,459,000 after buying an additional 1,205,347 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Penn National Gaming during the second quarter worth $4,499,000. Cipher Capital LP boosted its stake in shares of Penn National Gaming by 164.1% in the second quarter. Cipher Capital LP now owns 360,728 shares of the company’s stock worth $5,032,000 after buying an additional 224,115 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of Penn National Gaming during the second quarter worth $2,809,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Penn National Gaming during the second quarter worth $1,918,000. 99.55% of the stock is currently owned by institutional investors and hedge funds.
Penn National Gaming Company Profile