Media headlines about Penn National Gaming (NASDAQ:PENN) have trended positive on Friday, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Penn National Gaming earned a media sentiment score of 0.26 on AlphaOne’s scale. AlphaOne also assigned media coverage about the company an impact score of 72 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- Penn National Gaming, Inc. (PENN) Upgraded by BidaskClub to Strong-Buy (americanbankingnews.com)
- 55.5% Return Seen to Date on SmarTrend Penn National Gaming Call (PENN) (mysmartrend.com)
- Elk Creek Partners LLC Decreases Stake in Penn National Gaming, Inc (PENN) (badhub.net)
- Penn National Gaming, Inc (PENN) Expected to Announce Quarterly Sales of $778.78 Million (americanbankingnews.com)
Shares of Penn National Gaming (NASDAQ:PENN) traded down 0.37% during mid-day trading on Friday, hitting $21.43. The stock had a trading volume of 1,471,334 shares. The company has a market cap of $1.95 billion, a PE ratio of 21.69 and a beta of 0.99. The stock has a 50 day moving average price of $19.68 and a 200-day moving average price of $16.35. Penn National Gaming has a 52-week low of $11.93 and a 52-week high of $22.19.
Penn National Gaming (NASDAQ:PENN) last announced its 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. The company had revenue of $776.20 million for the quarter, compared to analyst estimates of $769.81 million. Penn National Gaming had a net margin of 2.97% and a negative return on equity of 19.08%. The company’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Penn National Gaming will post $0.63 earnings per share for the current fiscal year.
Several analysts recently commented on PENN shares. Barclays PLC raised their target price on Penn National Gaming from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, May 3rd. Zacks Investment Research raised Penn National Gaming from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, April 6th. Stifel Nicolaus raised their price objective on Penn National Gaming from $21.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, May 16th. FBR & Co reissued an “outperform” rating and issued a $23.00 price objective (up from $20.00) on shares of Penn National Gaming in a report on Monday, April 10th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $14.00 price objective on shares of Penn National Gaming in a report on Thursday, February 16th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.50.
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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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