$0.77 Earnings Per Share Expected for Gaming and Leisure Properties Inc (GLPI) This Quarter

Equities analysts predict that Gaming and Leisure Properties Inc (NASDAQ:GLPI) will report earnings of $0.77 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Gaming and Leisure Properties’ earnings. Gaming and Leisure Properties reported earnings per share of $0.79 during the same quarter last year, which suggests a negative year over year growth rate of 2.5%. The firm is expected to announce its next earnings results before the market opens on Thursday, October 25th.

On average, analysts expect that Gaming and Leisure Properties will report full-year earnings of $3.14 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.17. For the next year, analysts anticipate that the firm will report earnings of $3.37 per share, with EPS estimates ranging from $3.36 to $3.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Gaming and Leisure Properties.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.34). The business had revenue of $254.22 million for the quarter, compared to the consensus estimate of $254.40 million. Gaming and Leisure Properties had a return on equity of 15.56% and a net margin of 38.54%. Gaming and Leisure Properties’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS.

Several analysts have recently commented on GLPI shares. Deutsche Bank increased their target price on Gaming and Leisure Properties from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. SunTrust Banks restated a “buy” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday. Finally, ValuEngine upgraded Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a report on Friday, September 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Gaming and Leisure Properties has an average rating of “Hold” and a consensus price target of $39.50.

Several institutional investors and hedge funds have recently modified their holdings of GLPI. HG Vora Capital Management LLC acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at $70,287,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Gaming and Leisure Properties during the first quarter valued at $49,376,000. Renaissance Technologies LLC lifted its stake in shares of Gaming and Leisure Properties by 14.9% during the second quarter. Renaissance Technologies LLC now owns 9,056,089 shares of the real estate investment trust’s stock valued at $324,208,000 after acquiring an additional 1,174,600 shares during the period. FMR LLC lifted its stake in shares of Gaming and Leisure Properties by 20.3% during the second quarter. FMR LLC now owns 5,365,666 shares of the real estate investment trust’s stock valued at $192,091,000 after acquiring an additional 905,752 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of Gaming and Leisure Properties by 649.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 885,118 shares of the real estate investment trust’s stock valued at $29,625,000 after acquiring an additional 766,982 shares during the period. 87.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of GLPI stock traded up $0.30 during trading hours on Monday, hitting $34.91. 1,172,400 shares of the company’s stock were exchanged, compared to its average volume of 1,252,167. The company has a debt-to-equity ratio of 1.89, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a market capitalization of $7.54 billion, a PE ratio of 10.99, a PEG ratio of 1.07 and a beta of 0.77. Gaming and Leisure Properties has a 52 week low of $32.51 and a 52 week high of $37.32.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 21st. Stockholders of record on Friday, September 7th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend was Thursday, September 6th. Gaming and Leisure Properties’s payout ratio is presently 80.00%.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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Earnings History and Estimates for Gaming and Leisure Properties (NASDAQ:GLPI)

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