Somewhat Favorable News Coverage Somewhat Unlikely to Affect Penn National Gaming (PENN) Stock Price
News articles about Penn National Gaming (NASDAQ:PENN) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Penn National Gaming earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.4394773133229 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Penn National Gaming, Inc. (PENN) CEO Sells $2,036,596.32 in Stock (americanbankingnews.com)
- Analysts Anticipate Penn National Gaming, Inc. (PENN) Will Announce Earnings of $0.21 Per Share (americanbankingnews.com)
- Penn National Gaming, Inc. (PENN) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Pinnacle Entertainment (PNK) Catches Eye: Stock Jumps 8.4% (nasdaq.com)
- Deals Rumor Mill: Summit Materials, Penn National, Excelitas (law360.com)
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Saturday. BidaskClub raised shares of Penn National Gaming from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Telsey Advisory Group lifted their price target on shares of Penn National Gaming from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $23.00 price target on shares of Penn National Gaming in a research note on Friday, July 14th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Penn National Gaming presently has an average rating of “Buy” and an average target price of $21.30.
Shares of Penn National Gaming (PENN) opened at 23.56 on Wednesday. The stock has a market capitalization of $2.15 billion, a PE ratio of 29.60 and a beta of 0.97. The firm has a 50-day moving average of $22.52 and a 200 day moving average of $20.62. Penn National Gaming has a 52-week low of $11.93 and a 52-week high of $24.74.
Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Penn National Gaming had a net margin of 2.39% and a negative return on equity of 16.72%. The company had revenue of $796.50 million for the quarter, compared to analyst estimates of $788.65 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. Penn National Gaming’s revenue was up 3.5% on a year-over-year basis. Equities research analysts forecast that Penn National Gaming will post $0.61 EPS for the current fiscal year.
In other news, CEO Timothy J. Wilmott sold 94,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $23.16, for a total value of $2,181,672.00. Following the completion of the transaction, the chief executive officer now owns 479,119 shares of the company’s stock, valued at $11,096,396.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Carl Sottosanti sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $22.00, for a total transaction of $440,000.00. Following the completion of the transaction, the executive vice president now directly owns 45,831 shares of the company’s stock, valued at approximately $1,008,282. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 282,755 shares of company stock valued at $6,492,534. Company insiders own 10.17% of the company’s stock.
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Penn National Gaming Company Profile
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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