Penn National Gaming Company Profile (NASDAQ:PENN)

About Penn National Gaming (NASDAQ:PENN)

Penn National Gaming logoPenn 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. The South/West segment consists of various properties, such as Zia Park Casino, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, M Resort and Tropicana Las Vegas. The Midwest segment consists of various properties, Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside and Hollywood Casino Lawrenceburg. The Other category consists of the Company's standalone racing operations, including Rosecroft Raceway and Sanford-Orlando Kennel Club.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Resorts & Casinos
  • Sub-Industry: Casinos & Gaming
  • Symbol: NASDAQ:PENN
  • CUSIP: 70756910
  • Web:
  • Market Cap: $1.77 billion
  • Outstanding Shares: 90,946,000
Average Prices:
  • 50 Day Moving Avg: $18.82
  • 200 Day Moving Avg: $15.54
  • 52 Week Range: $11.93 - $19.95
  • Trailing P/E Ratio: 19.73
  • Foreward P/E Ratio: 17.56
  • P/E Growth: 16.43
Sales & Book Value:
  • Annual Revenue: $3.03 billion
  • Price / Sales: 0.58
  • Book Value: ($5.95) per share
  • Price / Book: -3.28
  • EBIDTA: $823.51 million
  • Net Margins: 3.60%
  • Return on Equity: -18.12%
  • Return on Assets: 2.11%
  • Debt-to-Equity Ratio: -9.14%
  • Current Ratio: 0.64%
  • Quick Ratio: 0.64%
  • Average Volume: 1.80 million shs.
  • Beta: 0.88
  • Short Ratio: 5.95

Frequently Asked Questions for Penn National Gaming (NASDAQ:PENN)

What is Penn National Gaming's stock symbol?

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

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

Penn National Gaming declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 11th 2017, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc (NASDAQ:PENN) issued its earnings results on Thursday, April, 27th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.08 by $0.02. The company had revenue of $776.20 million for the quarter, compared to analysts' expectations of $769.81 million. Penn National Gaming had a negative return on equity of 18.12% and a net margin of 3.60%. The company's revenue was up 2.6% on a year-over-year basis. View Penn National Gaming's Earnings History.

Where is Penn National Gaming's stock going? Where will Penn National Gaming's stock price be in 2017?

12 analysts have issued 12-month target prices for Penn National Gaming's shares. Their forecasts range from $14.00 to $23.00. On average, they anticipate Penn National Gaming's share price to reach $18.91 in the next year. View Analyst Ratings for Penn National Gaming.

What are analysts saying about Penn National Gaming stock?

Here are some recent quotes from research analysts about Penn National Gaming stock:

  • 1. According to Zacks Investment Research, "Penn National Gaming, Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations. " (5/25/2017)
  • 2. Barclays PLC analysts commented, "PENN's upward estimate revision was driven by broad-based outperformance across the portfolio, according to the pre-announcement. We believe that an improved promotional environment in general and cost efficiency at the property level were the major drivers of the guidance raise. While reported gross gaming revenues for January and February suggested a minor shortfall to our 1Q17 revenue forecast for PENN (First Look at 1Q: Domestic Operators, Mar 27), net revenues (i.e. gross gaming revenues minus promotional allowances) were likely better than expected as PENN optimized its marketing investments." (3/27/2017)

Are investors shorting Penn National Gaming?

Penn National Gaming saw a decline in short interest in the month of April. As of April 13th, there was short interest totalling 7,004,649 shares, a decline of 11.0% from the March 31st total of 7,874,657 shares. Based on an average daily trading volume, of 1,554,166 shares, the days-to-cover ratio is currently 4.5 days. Currently, 8.4% of the shares of the stock are short sold.

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

Who owns Penn National Gaming stock?

Penn National Gaming's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.78%), Vanguard Group Inc. (7.63%), EAGLE ASSET MANAGEMENT INC (5.38%), Eagle Asset Management Inc. (4.92%), Victory Capital Management Inc. (2.33%) and JPMorgan Chase & Co. (2.02%). Company insiders that own Penn National Gaming stock include Carl Sottosanti, Jane Scaccetti, Jay A Snowden, Ronald J Naples, Saul Reibstein, Timothy J Wilmott and William J Fair. View Institutional Ownership Trends for Penn National Gaming.

Who sold Penn National Gaming stock? Who is selling Penn National Gaming stock?

Penn National Gaming's stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Monarch Partners Asset Management LLC, Emerald Advisers Inc. PA, Elk Creek Partners LLC, Scopus Asset Management L.P., Emerald Mutual Fund Advisers Trust, Renaissance Technologies LLC and RK Capital Management LLC. View Insider Buying and Selling for Penn National Gaming.

Who bought Penn National Gaming stock? Who is buying Penn National Gaming stock?

Penn National Gaming's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Bank of New York Mellon Corp, MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., Vanguard Group Inc., Point72 Asset Management L.P. and FMR LLC. Company insiders that have bought Penn National Gaming stock in the last two years include Jane Scaccetti, Jay A Snowden, Ronald J Naples, Saul Reibstein and William J Fair. View Insider Buying and Selling for Penn National Gaming.

How do I buy Penn National Gaming stock?

Shares of Penn National Gaming can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Penn National Gaming stock cost?

One share of Penn National Gaming stock can currently be purchased for approximately $19.49.

Analyst Ratings

Consensus Ratings for Penn National Gaming (NASDAQ:PENN) (?)
Ratings Breakdown: 3 Hold Ratings, 9 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $18.91 (2.98% downside)

Analysts' Ratings History for Penn National Gaming (NASDAQ:PENN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/16/2017Stifel NicolausBoost Price TargetBuy -> Buy$21.00 -> $23.00HighView Rating Details
5/3/2017Barclays PLCBoost Price TargetOverweight$21.00 -> $23.00LowView Rating Details
4/10/2017FBR & CoReiterated RatingOutperform -> Outperform$20.00 -> $23.00LowView Rating Details
2/16/2017SunTrust Banks, Inc.Reiterated RatingHold$14.00N/AView Rating Details
1/27/2017Buckingham ResearchInitiated CoverageBuy$17.00N/AView Rating Details
1/5/2017JPMorgan Chase & Co.DowngradeOverweight -> Neutral$18.00 -> $16.00N/AView Rating Details
12/7/2016Deutsche Bank AGBoost Price TargetBuy$17.00 -> $18.00N/AView Rating Details
10/28/2016Telsey Advisory GroupLower Price TargetOutperform$21.00 -> $20.00N/AView Rating Details
10/4/2016Union Gaming ResearchUpgradeHold -> BuyN/AView Rating Details
6/30/2016MacquarieUpgradeNeutral -> Outperform$20.00N/AView Rating Details
6/1/2016Morgan StanleyUpgradeUnderweight -> Equal Weight$15.00 -> $16.00N/AView Rating Details
5/26/2016Goldman Sachs Group IncReiterated RatingBuy$18.00N/AView Rating Details
2/8/2016Janney Montgomery ScottReiterated RatingBuy$21.50 -> $19.50N/AView Rating Details
2/5/2016NomuraLower Price TargetNeutral$19.00 -> $17.00N/AView Rating Details
1/12/2016Bank of America CorpDowngradeBuy -> Neutral$17.00N/AView Rating Details
8/17/2015Wells Fargo & CoReiterated RatingOutperformN/AView Rating Details
7/22/2015Susquehanna Bancshares IncReiterated RatingBuyN/AView Rating Details
(Data available from 5/25/2015 forward)


Earnings History for Penn National Gaming (NASDAQ:PENN)
Earnings by Quarter for Penn National Gaming (NASDAQ:PENN)
Earnings History by Quarter for Penn National Gaming (NASDAQ:PENN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$0.08$0.06$769.81 million$776.20 millionViewN/AView Earnings Details
2/2/2017Q416($0.14)$0.05$747.56 million$742.90 millionViewListenView Earnings Details
10/27/2016Q216$0.28$0.51$757.06 million$765.60 millionViewListenView Earnings Details
7/28/2016Q116$0.29$0.38$785.06 million$769.40 millionViewListenView Earnings Details
4/28/2016Q415$0.22$0.26$755.27 million$756.50 millionViewListenView Earnings Details
7/23/2015Q215$0.13$0.19$674.09 million$701.00 millionViewListenView Earnings Details
4/23/2015Q115$0.11$0.12$669.46 million$664.10 millionViewListenView Earnings Details
1/29/2015Q414($0.05)($3.18)$623.43 million$651.40 millionViewListenView Earnings Details
10/23/2014Q314$0.06$0.10$634.30 million$645.90 millionViewListenView Earnings Details
7/24/2014Q214$0.07$0.03$643.91 million$652.10 millionViewListenView Earnings Details
4/24/2014Q114$0.05$0.05$651.00 million$641.10 millionViewListenView Earnings Details
2/6/2014Q413$0.13($11.40)$655.57 million$644.70 millionViewListenView Earnings Details
10/17/2013Q313$0.46$0.43$724.65 million$714.40 millionViewN/AView Earnings Details
7/23/2013Q2 2013$0.66($0.16)$790.10 million$761.40 millionViewListenView Earnings Details
4/18/2013Q1 2013$0.65$0.63$804.34 million$798.20 millionViewListenView Earnings Details
1/31/2013Q4 2012$0.48$0.28$758.20 million$743.80 millionViewListenView Earnings Details
10/18/2012$0.56$0.57ViewN/AView Earnings Details
7/24/2012$0.63$0.63ViewN/AView Earnings Details
4/19/2012$0.59$0.74ViewN/AView Earnings Details
2/2/2012$0.49$0.41ViewN/AView Earnings Details
10/20/2011$0.56$0.60ViewN/AView Earnings Details
7/21/2011$0.47$0.55ViewN/AView Earnings Details
4/21/2011$0.41$0.48ViewN/AView Earnings Details
2/3/2011$0.28($1.97)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Penn National Gaming (NASDAQ:PENN)
2017 EPS Consensus Estimate: $0.26
2018 EPS Consensus Estimate: $1.22
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.03$0.03$0.03
Q2 20171$0.23$0.23$0.23
Q1 20181$0.35$0.35$0.35
Q2 20181$0.35$0.35$0.35
Q3 20181$0.30$0.30$0.30
Q4 20181$0.22$0.22$0.22
(Data provided by Zacks Investment Research)


Dividend History for Penn National Gaming (NASDAQ:PENN)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for Penn National Gaming (NASDAQ:PENN)
Insider Ownership Percentage: 11.10%
Institutional Ownership Percentage: 99.25%
Insider Trades by Quarter for Penn National Gaming (NASDAQ:PENN)
Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)
Insider Trades by Quarter for Penn National Gaming (NASDAQ:PENN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/10/2017Jane ScaccettiDirectorBuy3,300$14.34$47,322.00View SEC Filing  
11/22/2016Carl SottosantiEVPSell37,598$13.86$521,108.28View SEC Filing  
5/24/2016Ronald J NaplesDirectorBuy1,000$14.68$14,680.00View SEC Filing  
11/30/2015William J. FairEVPBuy4,000$16.00$64,000.00View SEC Filing  
11/20/2015Jane ScaccettiDirectorBuy2,000$16.25$32,500.00View SEC Filing  
11/19/2015Jay A SnowdenCOOBuy7,650$15.83$121,099.50View SEC Filing  
11/19/2015Saul ReibsteinCFOBuy5,000$15.85$79,250.00View SEC Filing  
11/6/2015Carl SottosantiSVPSell41,980$17.70$743,046.00View SEC Filing  
11/2/2015Timothy J. WilmottCEOSell100$18.04$1,804.00View SEC Filing  
7/23/2015Timothy J WilmottCEOSell49,900$20.10$1,002,990.00View SEC Filing  
7/14/2015Timothy J WilmottCEOSell2,200$19.09$41,998.00View SEC Filing  
7/13/2015Timothy J WilmottCEOSell47,800$19.00$908,200.00View SEC Filing  
6/17/2015Timothy J WilmottCEOSell50,000$18.00$900,000.00View SEC Filing  
5/20/2015Timothy J WilmottCEOSell44,250$17.03$753,577.50View SEC Filing  
8/5/2014Timothy J WilmottCEOBuy50,000$10.45$522,500.00View SEC Filing  
8/4/2014Saul ReibsteinCFOBuy2,500$10.16$25,400.00View SEC Filing  
7/29/2014Jay A SnowdenCOOBuy11,500$10.34$118,910.00View SEC Filing  
5/8/2014John JacqueminDirectorBuy20,000$10.74$214,800.00View SEC Filing  
5/7/2014Saul ReibsteinCFOBuy5,000$10.53$52,650.00View SEC Filing  
5/7/2014Timothy WilmottCEOBuy50,000$10.74$537,000.00View SEC Filing  
4/25/2014Peter CarlinoDirectorSell153,000$11.32$1,731,960.00View SEC Filing  
2/20/2014Carl SottosantiVPSell2,569$11.21$28,798.49View SEC Filing  
2/20/2014Desiree BurkeInsiderSell2,695$11.21$30,210.95View SEC Filing  
12/16/2013Robert IppolitoVPSell60,000$14.04$842,400.00View SEC Filing  
11/19/2013Robert IppolitoVPSell70,000$15.08$1,055,600.00View SEC Filing  
10/3/2013Harold CramerDirectorSell140,000$55.61$7,785,400.00View SEC Filing  
10/3/2013Harold CramerDirectorSell140,000$55.61$7,785,400.00View SEC Filing  
9/19/2013Thomas BurkeSVPSell25,000$57.00$1,425,000.00View SEC Filing  
9/18/2013Jordan SavitchVPSell10,477$56.05$587,235.85View SEC Filing  
9/18/2013Thomas BurkeSVPSell15,892$55.85$887,568.20View SEC Filing  
9/17/2013Jordan SavitchVPSell28,423$55.89$1,588,561.47View SEC Filing  
9/11/2013Jordan B SavitchVPSell3,600$55.86$201,096.00View SEC Filing  
8/23/2013Jordan SavitchVPSell24,653$53.25$1,312,772.25View SEC Filing  
8/21/2013Jordan SavitchVPSell55,347$52.33$2,896,308.51View SEC Filing  
5/7/2013Robert P LevyDirectorSell10,000$58.77$587,700.00View SEC Filing  
4/9/2013Robert S IppolitoVPSell10,000$55.00$550,000.00View SEC Filing  
12/3/2012Desiree A BurkeInsiderSell12,500$51.49$643,625.00View SEC Filing  
11/21/2012William J CliffordCFOBuy43,000$46.89$2,016,270.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Penn National Gaming (NASDAQ:PENN)
Latest Headlines for Penn National Gaming (NASDAQ:PENN)
DateHeadline logoPENN Crosses Above Average Analyst Target - May 18 at 6:58 AM logoStifel Nicolaus Increases Penn National Gaming, Inc (PENN) Price Target to $23.00 - May 16 at 7:42 AM logoPenn National Gaming, Inc (PENN) Expected to Post Quarterly Sales of $778.78 Million - May 14 at 10:30 AM logoPenn National Gaming, Inc (PENN) Receives Consensus Recommendation of "Buy" from Analysts - May 12 at 4:29 PM logo Brokerages Expect Penn National Gaming, Inc (PENN) to Announce $0.23 Earnings Per Share - May 12 at 7:40 AM logoETFs with exposure to Penn National Gaming, Inc. : May 8, 2017 - May 8 at 6:34 PM logoPenn National Gaming, Inc. :PENN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 5, 2017 - May 5 at 7:27 PM logoPositive News Coverage Somewhat Likely to Impact Penn National Gaming (PENN) Share Price - May 4 at 1:08 PM logoPenn National Gaming, Inc (PENN) Receives "Overweight" Rating from Barclays PLC - May 3 at 1:33 PM logoPenn National Gaming (PENN) Earns Daily Coverage Optimism Rating of 0.26 - May 1 at 7:52 PM logoQ2 2017 EPS Estimates for Penn National Gaming, Inc Boosted by Analyst (PENN) - May 1 at 7:43 AM logoPenn National Gaming (PENN) Receiving Somewhat Positive News Coverage, AlphaOne Reports - April 28 at 10:08 PM logoPenn National Gaming, Inc (PENN) Short Interest Update - April 28 at 11:35 AM logoEdited Transcript of PENN earnings conference call or presentation 27-Apr-17 1:00pm GMT - April 28 at 8:27 AM logoBRIEF-Penn National Gaming qtrly diluted earnings per common share $0.06 - April 27 at 7:38 PM logoPenn National Gaming Inc Reports 78% Drop In Q1 Bottom Line - April 27 at 7:38 PM logoPenn National Gaming, Inc (PENN) Announces Earnings Results - April 27 at 7:06 PM logoDeutsche Bank sees upside for Penn National Gaming - April 27 at 3:05 PM logoPenn National Gaming Reports First Quarter Revenue of $776.2 Million and Income from Operations of $140.3 Million Resulting in Record First Quarter Adjusted EBITDA after Master Lease Payments of $109.3 Million - April 27 at 10:23 AM logoPenn National Gaming beats Street 1Q forecasts - April 27 at 10:23 AM logoPenn National Gaming, Inc Forecasted to Post Q1 2017 Earnings of $0.03 Per Share (PENN) - April 27 at 7:37 AM logoPenn National Gaming, Inc (PENN) to Post FY2017 Earnings of $0.37 Per Share, SunTrust Banks Forecasts - April 26 at 1:10 PM logoSomewhat Positive Media Coverage Somewhat Likely to Affect Penn National Gaming (PENN) Stock Price - April 25 at 7:51 PM logo$766.49 Million in Sales Expected for Penn National Gaming, Inc (PENN) This Quarter - April 23 at 9:10 AM logoPenn National Gaming (PENN) Given Daily Media Impact Score of -0.18 - April 20 at 11:32 AM logoIs Penn National Gaming (PENN) Stock a Solid Choice Right Now? - April 20 at 8:59 AM logoPenn National Gaming (PENN) Earns Daily Media Sentiment Rating of 0.12 - April 18 at 12:16 AM logoPenn National Gaming (PENN) Receives Media Sentiment Score of 0.01 - April 14 at 4:16 PM logoPenn National Gaming to Report First Quarter Results and Host Conference Call and Webcast on April 27 - April 13 at 6:58 PM logo4 Gaming Stocks Likely to Sport an Earnings Beat in Q1 - April 13 at 6:58 PM logoShort Interest in Penn National Gaming, Inc (PENN) Expands By 26.3% - April 13 at 9:30 AM logoPenn National Gaming (PENN) Initiates Stock Buyback Plan - April 11 at 8:40 AM logoWhy Shares of Penn National Gaming, Inc. Jumped Nearly 30% in March - April 10 at 9:25 PM logoPenn National Gaming, Inc (PENN) Given Outperform Rating at FBR & Co - April 10 at 5:48 PM logoPenn National Gaming, Inc (PENN) Upgraded at Zacks Investment Research - April 8 at 10:30 AM logoCramer's lightning round: Some profit-taking won't hurt you with this gaming play - April 7 at 11:51 AM logoPenn National Gaming (PENN) Shares March Higher, Can It Continue? - April 7 at 11:51 AM logo4 Reasons to Bet on Pinnacle Entertainment (PNK) Stock Now - April 7 at 11:51 AM logoPENN NATIONAL GAMING INC Files SEC form 8-K, Change in Directors or Principal Officers - March 31 at 7:18 PM logoWhy Penn National Gaming (PENN) Could Be Positioned for a Surge - March 31 at 8:45 AM logoPenn National Gaming Reaches Analyst Target Price - March 28 at 6:57 PM logoBRIEF-Penn National Gaming enters agreement to acquire operations of Bally’s Casino Tunica and Resorts Casino Tunica - March 28 at 9:48 AM logoPenn National Gaming (PENN) to Acquire Operations of Bally's Casino Tunica and Resorts Casino Tunica - March 28 at 9:48 AM logoPenn National Gaming Enters into Definitive Agreement to Acquire Operations of Bally’s Casino Tunica and Resorts Casino Tunica for Pre-Synergy Purchase Multiple of 3.7x - March 28 at 9:48 AM logoGaming and Leisure Properties, Inc. Announces Acquisition of the Real Estate Assets of Bally’s Casino Tunica and Resorts Casino Tunica - March 28 at 9:48 AM logoPenn National Gaming, Inc (PENN) PT Raised to $21.00 - March 27 at 9:02 AM logoPenn National Gaming (PENN) to Join S&P SmallCap 600 - - March 24 at 8:23 AM logoBloomberg Markets: Dave Wilson’s Stock of the Day for March 23 - March 23 at 7:40 PM logoPenn National Gaming Lifts Q1 Outlook - March 23 at 7:40 PM logo8:50 am Penn Natl Gaming raises Q1 EBITDA, revenue guidance on strong property operating trends - March 23 at 7:40 PM



Penn National Gaming (PENN) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by Staff