Somewhat Positive News Coverage Somewhat Unlikely to Affect Penn National Gaming (PENN) Share Price
Media coverage about Penn National Gaming (NASDAQ:PENN) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Penn National Gaming earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.8124614788766 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Week in review: Penn National Gaming plays offense and defense (readingeagle.com)
- Penn National Sues Pa. Over Gambling Expansion Law (law360.com)
- Penn National Gaming lands license for Pennsylvania’s next casino (readingeagle.com)
- Zacks: Brokerages Expect Penn National Gaming, Inc (PENN) Will Post Earnings of $0.18 Per Share (americanbankingnews.com)
Penn National Gaming (NASDAQ:PENN) traded up $0.08 during midday trading on Tuesday, hitting $32.19. 1,175,400 shares of the company’s stock were exchanged, compared to its average volume of 1,400,000. The stock has a market capitalization of $2,930.00, a PE ratio of 3.69 and a beta of 1.38. Penn National Gaming has a fifty-two week low of $13.00 and a fifty-two week high of $32.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36.
Penn National Gaming (NASDAQ:PENN) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. Penn National Gaming had a net margin of 26.16% and a negative return on equity of 20.51%. sell-side analysts forecast that Penn National Gaming will post 0.71 earnings per share for the current year.
PENN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Tuesday, January 9th. Stifel Nicolaus reissued a “buy” rating and set a $33.00 target price on shares of Penn National Gaming in a research report on Monday, December 18th. Union Gaming Research increased their target price on shares of Penn National Gaming to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Deutsche Bank increased their target price on shares of Penn National Gaming from $29.00 to $32.00 in a research report on Monday, December 18th. Finally, BidaskClub cut shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a report on Friday, January 5th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.55.
In other news, insider Jay A. Snowden sold 110,000 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $25.07, for a total value of $2,757,700.00. Following the sale, the insider now owns 46,281 shares in the company, valued at $1,160,264.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy J. Wilmott sold 13,903 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $24.05, for a total transaction of $334,367.15. Following the completion of the sale, the chief executive officer now owns 456,100 shares in the company, valued at approximately $10,969,205. The disclosure for this sale can be found here. 10.17% of the stock is owned by corporate insiders.
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About Penn National Gaming
Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.
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