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NASDAQ:PENN

Penn National Gaming Stock Forecast, Price & News

$71.99
+2.11 (+3.02 %)
(As of 11/23/2020 12:00 AM ET)
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Today's Range
$69.15
Now: $71.99
$72.82
50-Day Range
$53.03
MA: $64.21
$72.75
52-Week Range
$3.75
Now: $71.99
$76.62
Volume2.75 million shs
Average Volume9.46 million shs
Market Capitalization$11.18 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.59
Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. It also offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania, and West Virginia; and operates online casino under the name of iCasino in Pennsylvania. As of March 16, 2020, the company owned, managed, or had ownership interests in 41 gaming and racing properties in 19 jurisdictions. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Hollywood Poker, L'Auberge, M Resort, and MYCHOICE. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
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Penn National Gaming logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.47 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
Current SymbolNASDAQ:PENN
CUSIP70756910
Phone610-373-2400
Employees13,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.30 billion
Cash Flow$4.46 per share
Book Value$15.98 per share

Profitability

Net Income$43.90 million

Miscellaneous

Market Cap$11.18 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$71.99
+2.11 (+3.02 %)
(As of 11/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Penn National Gaming (NASDAQ:PENN) Frequently Asked Questions

How has Penn National Gaming's stock price been impacted by COVID-19 (Coronavirus)?

Penn National Gaming's stock was trading at $19.81 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PENN stock has increased by 263.4% and is now trading at $71.99.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Penn National Gaming?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last year. There are currently 2 sell ratings, 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Penn National Gaming
.

What stocks does MarketBeat like better than Penn National Gaming?

Wall Street analysts have given Penn National Gaming a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Penn National Gaming wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Penn National Gaming's next earnings date?

Penn National Gaming is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Penn National Gaming
.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc. (NASDAQ:PENN) issued its quarterly earnings results on Thursday, October, 29th. The company reported $0.93 EPS for the quarter, beating the Zacks' consensus estimate of $0.48 by $0.45. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. Penn National Gaming had a negative net margin of 21.16% and a negative return on equity of 15.63%. The business's revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share.
View Penn National Gaming's earnings history
.

How will Penn National Gaming's stock buyback program work?

Penn National Gaming declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 9th 2019, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

What guidance has Penn National Gaming issued on next quarter's earnings?

Penn National Gaming updated its third quarter 2020 After-Hours earnings guidance on Tuesday, September, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.04-1.145 billion, compared to the consensus revenue estimate of $1.03 billion.

What price target have analysts set for PENN?

17 brokers have issued 1 year target prices for Penn National Gaming's shares. Their forecasts range from $31.00 to $100.00. On average, they anticipate Penn National Gaming's share price to reach $66.89 in the next year. This suggests that the stock has a possible downside of 7.1%.
View analysts' price targets for Penn National Gaming
.

Who are some of Penn National Gaming's key competitors?

What other stocks do shareholders of Penn National Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), The Walt Disney (DIS), Square (SQ), The Boeing (BA), Netflix (NFLX) and PayPal (PYPL).

Who are Penn National Gaming's key executives?

Penn National Gaming's management team includes the following people:
  • Mr. Jay A. Snowden, CEO, Pres & Director (Age 44, Pay $2.52M)
  • Mr. Carl Sottosanti, Exec. VP, Gen. Counsel & Sec. (Age 55, Pay $1.55M)
  • Mr. David Edward Williams, Exec. VP & CFO
  • Mr. Todd George, Exec. VP of Operations
  • Ms. Christine LaBombard, Sr. VP & Chief Accounting Officer (Age 50)
  • Richard Primus, Sr. VP & Chief Information Officer
  • Jennifer Weissman, Sr. VP & Chief Marketing Officer
  • Mr. Eugene P. Clark, Sr. VP of HR
  • Mr. D. Eric Schippers, Sr. VP of Public Affairs
  • Mr. Albert T. Britton, Sr. VP of Regional Operations (Age 63)

What is Penn National Gaming's stock symbol?

Penn National Gaming trades on the NASDAQ under the ticker symbol "PENN."

Who are Penn National Gaming's major shareholders?

Penn National Gaming's stock is owned by many different retail and institutional investors. Top institutional shareholders include State Street Corp (2.79%), Charles Schwab Investment Management Inc. (0.96%), Voloridge Investment Management LLC (0.56%), Earnest Partners LLC (0.52%), Massachusetts Financial Services Co. MA (0.50%) and Kornitzer Capital Management Inc. KS (0.48%). Company insiders that own Penn National Gaming stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, Ronald J Naples, Saul Reibstein and William J Fair.
View institutional ownership trends for Penn National Gaming
.

Which major investors are selling Penn National Gaming stock?

PENN stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Chiron Investment Management LLC, Jennison Associates LLC, Hanlon Investment Management Inc., Jackson Wealth Management LLC, ArrowMark Colorado Holdings LLC, Victory Capital Management Inc., and Earnest Partners LLC. Company insiders that have sold Penn National Gaming company stock in the last year include Carl Sottosanti, Christine Labombard, and Saul Reibstein.
View insider buying and selling activity for Penn National Gaming
.

Which major investors are buying Penn National Gaming stock?

PENN stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Charles Schwab Investment Management Inc., Voloridge Investment Management LLC, Great Lakes Advisors LLC, State Street Corp, Isomer Partners LP, Engle Capital Management L.P., and Shellback Capital LP. Company insiders that have bought Penn National Gaming stock in the last two years include David A Handler, Jane Scaccetti, Jay A Snowden, Ronald J Naples, Saul Reibstein, and William J Fair.
View insider buying and selling activity for Penn National Gaming
.

How do I buy shares of Penn National Gaming?

Shares of PENN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Penn National Gaming's stock price today?

One share of PENN stock can currently be purchased for approximately $71.99.

How big of a company is Penn National Gaming?

Penn National Gaming has a market capitalization of $11.18 billion and generates $5.30 billion in revenue each year. The company earns $43.90 million in net income (profit) each year or $0.37 on an earnings per share basis. Penn National Gaming employs 13,000 workers across the globe.

What is Penn National Gaming's official website?

The official website for Penn National Gaming is www.pngaming.com.

How can I contact Penn National Gaming?

Penn National Gaming's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The company can be reached via phone at 610-373-2400 or via email at [email protected]

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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