Pinnacle Entertainment (PNK) Getting Somewhat Positive News Coverage, Analysis Finds
Headlines about Pinnacle Entertainment (NASDAQ:PNK) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pinnacle Entertainment earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.3647092720807 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have issued reports on PNK. BidaskClub cut Pinnacle Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 target price on shares of Pinnacle Entertainment in a report on Friday, August 11th. Zacks Investment Research upgraded Pinnacle Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Barclays PLC increased their target price on Pinnacle Entertainment from $20.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, May 30th. Finally, ValuEngine upgraded Pinnacle Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $21.83.
Pinnacle Entertainment (PNK) traded down 2.32% during trading on Wednesday, hitting $18.91. 1,058,035 shares of the stock were exchanged. The firm has a market cap of $1.09 billion, a PE ratio of 67.06 and a beta of 1.31. The firm’s 50-day moving average is $19.55 and its 200 day moving average is $19.25. Pinnacle Entertainment has a 52 week low of $11.10 and a 52 week high of $22.10.
Pinnacle Entertainment (NASDAQ:PNK) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The business had revenue of $653.60 million during the quarter, compared to the consensus estimate of $647.36 million. Pinnacle Entertainment had a negative return on equity of 8.88% and a net margin of 0.68%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($8.04) earnings per share. Analysts expect that Pinnacle Entertainment will post $0.81 earnings per share for the current fiscal year.
In other Pinnacle Entertainment news, EVP Neil E. Walkoff sold 60,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $19.14, for a total transaction of $1,148,400.00. Following the completion of the sale, the executive vice president now directly owns 282,076 shares in the company, valued at approximately $5,398,934.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $19.89, for a total transaction of $397,800.00. Following the sale, the director now owns 78,230 shares of the company’s stock, valued at $1,555,994.70. The disclosure for this sale can be found here. 8.33% of the stock is currently owned by company insiders.
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Pinnacle Entertainment Company Profile
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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