Penn National Gaming (NASDAQ:PENN) released its earnings data on Tuesday. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.82, Analyst Ratings Network reports. The company had revenue of $761.40 million for the quarter, compared to the consensus estimate of $790.10 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis.
A number of research firms have recently commented on PENN. Analysts at Zacks downgraded shares of Penn National Gaming from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $52.10 price target on the stock. On the ratings front, analysts at JP Morgan Cazenove cut their price target on shares of Penn National Gaming from $65.00 to $63.00 in a research note to investors on Wednesday, July 17th. They now have an “overweight” rating on the stock. Finally, analysts at Nomura cut their price target on shares of Penn National Gaming from $66.00 to $60.00 in a research note to investors on Monday, July 15th. They now have a “neutral” rating on the stock.
Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.17.
Penn National Gaming (NASDAQ: PENN) opened at 53.98 on Tuesday. Penn National Gaming has a 52-week low of $37.00 and a 52-week high of $59.93. The stock’s 50-day moving average is currently $53.4. The company has a market cap of $4.225 billion and a price-to-earnings ratio of 28.03.
Penn National Gaming, Inc (NASDAQ: PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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