Gaming and Leisure Properties (NASDAQ:GLPI) Issues Q3 2019 Earnings Guidance

Gaming and Leisure Properties (NASDAQ:GLPI) updated its third quarter 2019 earnings guidance on Wednesday. The company provided EPS guidance of $0.85-0.85 for the period. The company issued revenue guidance of $288-288 million, compared to the consensus revenue estimate of $289.1 million.Gaming and Leisure Properties also updated its FY 2019 guidance to $3.40-3.41 EPS.

Several research firms have recently weighed in on GLPI. Stifel Nicolaus raised Gaming and Leisure Properties from a hold rating to a buy rating and increased their price objective for the company from $39.00 to $43.00 in a report on Monday, April 15th. Deutsche Bank reissued a buy rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a report on Sunday, May 12th. Scotiabank began coverage on Gaming and Leisure Properties in a report on Monday, July 29th. They issued an outperform rating for the company. Morgan Stanley increased their price objective on Gaming and Leisure Properties from $42.00 to $48.00 and gave the company a buy rating in a report on Tuesday, June 11th. Finally, Nomura set a $42.00 price objective on Gaming and Leisure Properties and gave the company a hold rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Gaming and Leisure Properties has a consensus rating of Buy and a consensus target price of $43.10.

Shares of GLPI stock traded down $0.07 during trading hours on Friday, hitting $37.73. The stock had a trading volume of 554,055 shares, compared to its average volume of 1,417,920. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.23 and a beta of 0.53. Gaming and Leisure Properties has a twelve month low of $31.19 and a twelve month high of $40.82. The stock has a 50 day moving average price of $38.63. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.99 and a quick ratio of 2.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a return on equity of 14.58% and a net margin of 30.54%. The company had revenue of $289.01 million for the quarter, compared to analyst estimates of $289.64 million. During the same period in the prior year, the business earned $0.43 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, research analysts expect that Gaming and Leisure Properties will post 3.35 EPS for the current year.

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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