News coverage about Penn National Gaming (NASDAQ:PENN) has trended somewhat negative on Tuesday, according to Alpha One. The research firm, a subsidiary of Accern, identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Penn National Gaming earned a media sentiment score of -0.11 on Alpha One’s scale. Alpha One also gave media headlines about the company an impact score of 77 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:
- Instinet Reiterates Neutral Rating for Penn National Gaming, Inc. (PENN) (americanbankingnews.com)
- Table games revenue up more than 4% (readingeagle.com)
- PENN NATIONAL GAMING INC : Submission of Matters to a Vote of Security Holders (form 8-K) (4-traders.com)
- Penn National Gaming, Inc. (PENN) Upgraded by BidaskClub to Strong-Buy (americanbankingnews.com)
A number of equities analysts have commented on PENN shares. FBR & Co reaffirmed an “outperform” rating and issued a $23.00 price objective (up previously from $20.00) on shares of Penn National Gaming in a report on Monday, April 10th. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, April 6th. Stifel Nicolaus boosted their price target on shares of Penn National Gaming from $21.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, May 16th. Barclays PLC upped their price objective on shares of Penn National Gaming from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, May 3rd. Finally, Instinet reaffirmed a “neutral” rating and issued a $21.00 price objective (up previously from $19.00) on shares of Penn National Gaming in a report on Monday. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Penn National Gaming currently has an average rating of “Buy” and a consensus price target of $19.64.
Shares of Penn National Gaming (PENN) traded down 1.39% during midday trading on Tuesday, hitting $21.24. The company had a trading volume of 380,628 shares. The firm has a market capitalization of $1.93 billion, a P/E ratio of 21.50 and a beta of 0.99. Penn National Gaming has a 12-month low of $11.93 and a 12-month high of $22.19. The firm’s 50-day moving average is $19.77 and its 200-day moving average is $16.45.
Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. Penn National Gaming had a negative return on equity of 19.08% and a net margin of 2.97%. The business had revenue of $776.20 million for the quarter, compared to analyst estimates of $769.81 million. Penn National Gaming’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Penn National Gaming will post $0.63 earnings per share for the current fiscal year.
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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