Penn National Gaming (NASDAQ:PENN) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $1.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.52. The company issued revenue guidance of $3.22 billion, compared to the consensus revenue estimate of prior $1.53.Penn National Gaming also updated its Q2 guidance to $0.49 EPS.

Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Penn National Gaming from a sell rating to a hold rating in a research report on Friday. Telsey Advisory Group increased their price objective on shares of Penn National Gaming from $33.00 to $40.00 and gave the company an outperform rating in a research note on Friday. SunTrust Banks raised shares of Penn National Gaming from a hold rating to a buy rating in a research note on Thursday. They noted that the move was a valuation call. Morgan Stanley dropped their price objective on shares of Penn National Gaming from $31.00 to $29.00 and set an equal weight rating for the company in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of Penn National Gaming from a hold rating to a sell rating in a research note on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Penn National Gaming has a consensus rating of Buy and an average price target of $32.11.

Shares of NASDAQ:PENN opened at $29.96 on Friday. The company has a market capitalization of $2,722.02, a P/E ratio of 33.31 and a beta of 1.44. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of -64.22. Penn National Gaming has a one year low of $18.07 and a one year high of $33.30.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.09. The business had revenue of $816.10 million during the quarter, compared to the consensus estimate of $805.70 million. Penn National Gaming had a net margin of 17.04% and a negative return on equity of 76.71%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. research analysts forecast that Penn National Gaming will post 1.46 earnings per share for the current fiscal year.

In other Penn National Gaming news, insider Jay A. Snowden purchased 10,560 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was purchased at an average price of $25.98 per share, with a total value of $274,348.80. Following the completion of the purchase, the insider now owns 72,567 shares of the company’s stock, valued at $1,885,290.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jane Scaccetti purchased 2,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $27.51 per share, with a total value of $68,775.00. Following the purchase, the director now directly owns 14,831 shares of the company’s stock, valued at approximately $408,000.81. The disclosure for this purchase can be found here. 10.17% of the stock is currently owned by company insiders.

About Penn National Gaming

Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through Northeast, South/West, and Midwest segments. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.

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