Wall Street analysts predict that Pinnacle Entertainment Inc (NASDAQ:PNK) will post sales of $639.87 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Pinnacle Entertainment’s earnings, with the lowest sales estimate coming in at $633.28 million and the highest estimate coming in at $645.40 million. Pinnacle Entertainment reported sales of $637.42 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.4%. The firm is scheduled to report its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Pinnacle Entertainment will report full-year sales of $639.87 million for the current financial year, with estimates ranging from $2.57 billion to $2.59 billion. For the next year, analysts expect that the firm will post sales of $2.62 billion per share, with estimates ranging from $2.60 billion to $2.64 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Pinnacle Entertainment.

Pinnacle Entertainment (NASDAQ:PNK) last released its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Pinnacle Entertainment had a net margin of 1.23% and a negative return on equity of 13.12%. The business had revenue of $647.40 million during the quarter, compared to analyst estimates of $652.13 million. During the same period in the prior year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis.

Several research analysts have weighed in on the stock. Citigroup lowered shares of Pinnacle Entertainment to a “hold” rating in a research note on Tuesday, December 19th. Susquehanna Bancshares reiterated a “neutral” rating on shares of Pinnacle Entertainment in a research note on Tuesday, December 19th. Macquarie lowered shares of Pinnacle Entertainment from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 19th. ValuEngine lowered shares of Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.57.

Shares of Pinnacle Entertainment (NASDAQ:PNK) traded down $0.40 during trading hours on Monday, hitting $32.49. 743,400 shares of the company traded hands, compared to its average volume of 543,966. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of -11.36. The stock has a market cap of $1,870.00 and a P/E ratio of 64.98. Pinnacle Entertainment has a fifty-two week low of $13.61 and a fifty-two week high of $33.59.

Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in shares of Pinnacle Entertainment by 21.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 122,708 shares of the company’s stock worth $2,615,000 after purchasing an additional 21,903 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Pinnacle Entertainment by 60.5% during the 3rd quarter. GSA Capital Partners LLP now owns 129,464 shares of the company’s stock worth $2,759,000 after purchasing an additional 48,797 shares in the last quarter. Argent Capital Management LLC increased its position in shares of Pinnacle Entertainment by 58.0% during the 3rd quarter. Argent Capital Management LLC now owns 159,300 shares of the company’s stock worth $3,395,000 after purchasing an additional 58,475 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Pinnacle Entertainment by 32.5% during the 3rd quarter. California Public Employees Retirement System now owns 240,036 shares of the company’s stock worth $5,115,000 after purchasing an additional 58,880 shares in the last quarter. Finally, Bamco Inc. NY increased its position in Pinnacle Entertainment by 5.6% in the 3rd quarter. Bamco Inc. NY now owns 5,203,966 shares of the company’s stock valued at $110,897,000 after acquiring an additional 275,100 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

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About Pinnacle Entertainment

Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.

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