Equities research analysts forecast that Penn nationwide Gaming, Inc. (NASDAQ:PENN) will upload $1.15 billion in product sales for the existing quarter that is fiscal according to Zacks Investment Research. Seven analysts have provided estimates for Penn National Gaming’s earnings. The lowest sales estimate is $1.05 billion and the highest is $1.31 billion. Penn National Gaming posted sales of $1.12 billion during the quarter that is same 12 months, which will suggest a confident year-over-year growth rate of 2.7per cent. The company is planned to report its next quarterly profits outcomes on Thursday, might 6th.
According to Zacks, analysts anticipate that Penn National Gaming will report year that is full of $4.98 billion for the current financial year, with estimates ranging from $4.75 billion to $5.38 billion. For the next year that is fiscal analysts forecast that the business will upload product sales of $5.56 billion, with quotes including $5.08 billion to $5.92 billion. Zacks Investment analysis’s product sales averages are a average that is mean on a survey of analysts that cover Penn National Gaming.
Penn National Gaming (NASDAQ:PENN) last released its earnings that are quarterly on Thursday, February 4th. The business reported $0.07 EPS for the quarter, lacking the opinion estimate of $0.21 by ($0.14). The business enterprise had income of $1.03 billion throughout the quarter, in comparison to analysts’ objectives of $1.08 billion. Penn National Gaming had a return that is negative equity of 8.73% and a negative net margin of 19.86%. Penn National Gaming’s quarterly revenue was down 23.4% on a basis that is year-over-year. The firm earned ($0.80) earnings per share during the same quarter in the prior year.
A number of research firms have issued reports on PENN. Craig Hallum upped their target price on shares of Penn National Gaming from $120.00 to $150.00 and gave the company a “buy” rating in a report on February 5th friday. Piper Sandler upped their target cost on stocks of Penn National Gaming from $100.00 to $128.00 and provided the business an “overweight” rating in a written report on February 4th thursday. KeyCorp began coverage on shares of Penn National Gaming in a research note on January 13th wednesday. They set a “sector fat” rating for the business. Rosenblatt Securities upped their cost goal on stocks of Penn National Gaming from $115.00 to $140.00 and provided the business a “buy” rating in a study note on February 5th friday. Finally, Morgan Stanley upped their price objective on shares of Penn National Gaming from $98.00 to $99.00 and gave the company an weight that is”equal score in a study note on Friday, February fifth. Three equities research analysts have actually ranked the stock with a sell score, five have actually offered a hold score and twelve have actually offered a buy score towards the stock. The business presently has a consensus score of “Hold” and an target that is average of $90.48.
In related news, CEO Jay A. Snowden sold 183,440 shares of the stock in a transaction on Tuesday, December 1st. The stock was sold at an price that is average of69.44, for an overall total value of $12,738,073.60. Following conclusion regarding the deal, the executive that is chief now owns 182,490 shares in the company, valued at approximately $12,672,105.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Saul Reibstein sold 6,579 shares of the stock in a transaction on January 5th tuesday. The stocks had been offered at an price that is average of82.06, for a total value of $539,872.74. Following the completion of the transaction, the director now owns 34,923 shares of the company’s stock, valued at approximately $2,865,781.38. The disclosure for this sale can here be found. Insiders offered 3,273,582 stocks of business stock respected at $391,904,566 within the last few three months. 1.81percent regarding the stock is owned by business insiders.
Several hedge funds have actually recently modified their holdings of PENN. AlphaMark Advisors LLC purchased a position that is new Penn National Gaming in the 4th quarter worth approximately $26,000. Archer Investment Corp bought a stake that is new Penn National Gaming throughout the 4th quarter worth about $37,000. Crewe Advisors LLC expanded its holdings in Penn National Gaming by 65.1per cent throughout the quarter that is 4th. Crewe Advisors LLC now owns 444 shares of the company’s stock worth $38,000 after acquiring an additional 175 shares during the quarter that is last. Institutional & Family resource Management LLC boosted its stake in stocks of Penn National Gaming by 45.8per cent within the quarter that is 4th. Institutional & Family Asset Management LLC now owns 446 shares of the company’s stock valued at $39,000 after purchasing an additional 140 shares during the quarter that is last. Finally, JFS Wealth Advisors LLC acquired a stake that is new shares of Penn National Gaming in the 4th quarter valued at approximately $42,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:PENN opened at $115.78 on Monday. A market is had by the firm limit of $17.98 billion, a price-to-earnings ratio of -16.98 and a beta of 2.79. The business has a ratio that is current of, a quick ratio of 2.37 and a debt-to-equity ratio of 2.47. The company’s 50-day average that is moving $110.03 and its particular two-hundred time going average is $78.51. Penn National Gaming has a low that is 12-month of3.75 and a 12-month high of $129.00.
Penn National Gaming Company Profile
Penn National Gaming, Inc, together with its subsidiaries, owns and manages gaming and racing properties, and operates gaming that is video with a focus on video slot activity. The business runs through four portions: Northeast, Southern, western, and Midwest. Additionally provides real time recreations gambling at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania, and western Virginia; and operates casino that is online the name of iCasino in Pennsylvania.
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