Earnings results for Penn National Gaming (NASDAQ:PENN)
Penn National Gaming, Inc. is expected* to report earnings on 10/29/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.48. The reported EPS for the same quarter last year was $0.38.
Penn National Gaming last released its quarterly earnings results on August 6th, 2020. The reported ($1.69) EPS for the quarter, topping analysts’ consensus estimates of ($2.06) by $0.37. The business had revenue of $305.50 million for the quarter, compared to analyst estimates of $242.94 million. Its quarterly revenue was down 76.9% compared to the same quarter last year. Penn National Gaming has generated $0.37 earnings per share over the last year. Penn National Gaming has confirmed that its next quarterly earnings report will be published on Thursday, October 29th, 2020.
Analyst Opinion on Penn National Gaming (NASDAQ:PENN)
16 Wall Street analysts have issued ratings and price targets for Penn National Gaming in the last 12 months. Their average twelve-month price target is $66.29, predicting that the stock has a possible upside of 17.15%. The high price target for PENN is $100.00 and the low price target for PENN is $31.00. There are currently 2 sell ratings, 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Penn National Gaming has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 10 buy ratings, 4 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $66.29, Penn National Gaming has a forecasted upside of 17.1% from its current price of $56.59. Penn National Gaming has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Penn National Gaming (NASDAQ:PENN)
Penn National Gaming does not currently pay a dividend. Penn National Gaming does not have a long track record of dividend growth.
Insiders buying/selling: Penn National Gaming (NASDAQ:PENN)
In the past three months, Penn National Gaming insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,824,109.00 in company stock. Only 1.81% of the stock of Penn National Gaming is held by insiders. 87.81% of the stock of Penn National Gaming is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Penn National Gaming (NASDAQ:PENN
Earnings for Penn National Gaming are expected to grow in the coming year, from ($0.36) to $1.47 per share. The P/E ratio of Penn National Gaming is -7.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Penn National Gaming is -7.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Penn National Gaming has a P/B Ratio of 3.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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