Brokerages predict that Penn National Gaming, Inc (NASDAQ:PENN) will report $0.37 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for Penn National Gaming’s earnings, with estimates ranging from $0.35 to $0.40. Penn National Gaming reported earnings of ($0.37) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The business is expected to report its next quarterly earnings report on Thursday, February 6th.
According to Zacks, analysts expect that Penn National Gaming will report full year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.56. For the next fiscal year, analysts anticipate that the business will post earnings of $2.13 per share, with EPS estimates ranging from $1.97 to $2.21. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Penn National Gaming.
Penn National Gaming (NASDAQ:PENN) last posted its earnings results on Thursday, October 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.03). Penn National Gaming had a net margin of 1.85% and a return on equity of 5.88%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $0.38 EPS. The firm’s revenue was up 71.5% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. increased its position in Penn National Gaming by 110.7% in the third quarter. Meeder Asset Management Inc. now owns 2,848 shares of the company’s stock worth $53,000 after buying an additional 1,496 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Penn National Gaming in the third quarter worth about $68,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Penn National Gaming in the third quarter worth about $93,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Penn National Gaming by 17.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,024 shares of the company’s stock worth $131,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Penn National Gaming during the second quarter worth about $201,000. Institutional investors and hedge funds own 98.83% of the company’s stock.
PENN stock opened at $26.34 on Monday. Penn National Gaming has a fifty-two week low of $16.72 and a fifty-two week high of $27.50. The business’s 50-day moving average is $25.04 and its two-hundred day moving average is $21.01. The company has a debt-to-equity ratio of 5.75, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 0.38 and a beta of 1.72.
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 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.
Further Reading: Why do earnings reports matter?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Penn National Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming and related companies with MarketBeat.com's FREE daily email newsletter.