NASDAQ:PENN - Penn National Gaming Stock Price, Forecast & News

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

Penn National Gaming announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 9th 2019, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Penn National Gaming, Inc (NASDAQ:PENN) released its earnings results on Thursday, February, 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.33. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.35 billion. Penn National Gaming had a net margin of 0.83% and a return on equity of 2.32%. The business's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the company posted ($0.37) earnings per share. View Penn National Gaming's Earnings History.

Penn National Gaming is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Penn National Gaming.

9 analysts have issued 1-year price targets for Penn National Gaming's shares. Their forecasts range from $23.00 to $44.00. On average, they anticipate Penn National Gaming's share price to reach $33.67 in the next twelve months. This suggests that the stock has a possible downside of 11.0%. View Analyst Price Targets for Penn National Gaming.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Penn National Gaming.

News coverage about PENN stock has trended very negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Penn National Gaming earned a daily sentiment score of -3.8 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Penn National Gaming.

Penn National Gaming saw a increase in short interest in January. As of January 31st, there was short interest totalling 7,990,000 shares, an increase of 10.7% from the January 15th total of 7,220,000 shares. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is currently 6.0 days. Currently, 7.3% of the shares of the company are short sold. View Penn National Gaming's Current Options Chain.

Some companies that are related to Penn National Gaming include Las Vegas Sands (LVS), MGM Resorts International (MGM), Wynn Resorts (WYNN), Caesars Entertainment (CZR), Churchill Downs (CHDN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), International Game Technology (IGT), Scientific Games (SGMS), Monarch Casino & Resort (MCRI) and MTR Gaming Group (MNTG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include Netflix (NFLX), AT&T (T), Energy Transfer LP Unit (ET), Walt Disney (DIS), Las Vegas Sands (LVS), NVIDIA (NVDA), Twitter (TWTR), Activision Blizzard (ATVI), Advanced Micro Devices (AMD) and Comcast (CMCSA).

Penn National Gaming's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (8.99%), Bamco Inc. NY (8.13%), State Street Corp (2.93%), Bank of New York Mellon Corp (2.34%), Eagle Asset Management Inc. (2.26%) and Bank of America Corp DE (2.06%). Company insiders that own Penn National Gaming stock include Carl Sottosanti, David A Handler, Jane Scaccetti, Jay A Snowden, Peter M Carlino, Ronald J Naples, Saul Reibstein, Timothy J Wilmott and William J Fair. View Institutional Ownership Trends for Penn National Gaming.

PENN stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Eagle Asset Management Inc., Bamco Inc. NY, Western Standard LLC, Victory Capital Management Inc., 1060 Capital LLC, Goldman Sachs Group Inc. and Bank of New York Mellon Corp. View Insider Buying and Selling for Penn National Gaming.

PENN stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Great Lakes Advisors LLC, Peregrine Capital Management LLC, California Public Employees Retirement System, Bank of America Corp DE, LSV Asset Management, Earnest Partners LLC and UBS Group AG. 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, Timothy J Wilmott and William J Fair. View Insider Buying and Selling for 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.

One share of PENN stock can currently be purchased for approximately $37.81.

Penn National Gaming has a market capitalization of $4.38 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 25,750 workers across the globe.View Additional Information About Penn National Gaming.

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

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]