Pinnacle Entertainment (PNK) Earning Somewhat Positive News Coverage, Accern Reports
Media stories about Pinnacle Entertainment (NASDAQ:PNK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle Entertainment earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.422150430989 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Pinnacle Entertainment, Inc. (PNK) Expected to Post Quarterly Sales of $662.07 Million (americanbankingnews.com)
- Pinnacle Entertainment, Inc. breached its 50 day moving average in a Bullish Manner : PNK-US : September 19, 2017 (finance.yahoo.com)
- Pinnacle Entertainment Inc (PNK) Chairman and CEO Anthony Michael Sanfilippo Bought $407,160 of … (finance.yahoo.com)
- BidaskClub Upgrades Pinnacle Entertainment, Inc. (PNK) to Hold (americanbankingnews.com)
- Insider Buying: Pinnacle Entertainment, Inc. (PNK) Chairman Acquires 21,600 Shares of Stock (americanbankingnews.com)
Shares of Pinnacle Entertainment (PNK) traded down 0.96% during midday trading on Friday, reaching $20.64. The company had a trading volume of 424,484 shares. Pinnacle Entertainment has a 52 week low of $11.36 and a 52 week high of $20.90. The company’s 50 day moving average price is $19.42 and its 200-day moving average price is $19.42. The company has a market capitalization of $1.19 billion, a P/E ratio of 73.19 and a beta of 1.31.
Pinnacle Entertainment (NASDAQ:PNK) last released its earnings results on Thursday, August 10th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). Pinnacle Entertainment had a negative return on equity of 8.88% and a net margin of 0.68%. The company had revenue of $653.60 million for the quarter, compared to analyst estimates of $647.36 million. During the same period in the previous year, the firm earned ($8.04) earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that Pinnacle Entertainment will post $0.79 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Pinnacle Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Barclays PLC raised their price objective on Pinnacle Entertainment from $20.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, May 30th. BidaskClub downgraded Pinnacle Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective on shares of Pinnacle Entertainment in a research report on Friday, August 11th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Pinnacle Entertainment currently has an average rating of “Hold” and an average price target of $21.83.
In other news, Director Jaynie M. Studenmund sold 20,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $19.89, for a total transaction of $397,800.00. Following the completion of the transaction, the director now directly owns 78,230 shares of the company’s stock, valued at approximately $1,555,994.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Anthony Michael Sanfilippo acquired 21,600 shares of the stock in a transaction dated Thursday, September 14th. The shares were acquired at an average cost of $18.85 per share, with a total value of $407,160.00. Following the completion of the transaction, the chairman now owns 828,562 shares in the company, valued at approximately $15,618,393.70. The disclosure for this purchase can be found here. Insiders own 8.33% of the company’s stock.
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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