Pinnacle Entertainment Inc. (NASDAQ:PNK) posted its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The business earned $595.20 million during the quarter, compared to the consensus estimate of $592.91 million. Pinnacle Entertainment had a negative return on equity of 30.68% and a negative net margin of 19.62%. Pinnacle Entertainment’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share.

Shares of Pinnacle Entertainment (NASDAQ:PNK) opened at 13.82 on Thursday. The company’s market capitalization is $789.54 million. Pinnacle Entertainment has a 12-month low of $9.72 and a 12-month high of $13.89. The stock’s 50 day moving average price is $12.30 and its 200 day moving average price is $11.46.

Earnings History for Pinnacle Entertainment (NASDAQ:PNK)

In other news, CEO Anthony Michael Sanfilippo purchased 20,750 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was bought at an average price of $11.20 per share, for a total transaction of $232,400.00. Following the purchase, the chief executive officer now owns 723,543 shares of the company’s stock, valued at $8,103,681.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.65% of the company’s stock.

A number of research firms have issued reports on PNK. Zacks Investment Research upgraded Pinnacle Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. TheStreet cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, October 10th. Finally, Bank of America Corp. began coverage on Pinnacle Entertainment in a research report on Monday, August 22nd. They issued a “buy” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Pinnacle Entertainment presently has a consensus rating of “Buy” and a consensus target price of $23.83.

About Pinnacle Entertainment

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

5 Day Chart for NASDAQ:PNK

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