News stories about Penn National Gaming (NASDAQ:PENN) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Penn National Gaming earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.9215909402959 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Penn National Gaming opened at $34.08 on Friday, Marketbeat Ratings reports. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 3.80 and a beta of 1.41. The company has a debt-to-equity ratio of -138.00, a quick ratio of 0.70 and a current ratio of 0.70. Penn National Gaming has a 12-month low of $18.94 and a 12-month high of $36.29.

Penn National Gaming (NASDAQ:PENN) last released its earnings results on Thursday, April 26th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.09. The company had revenue of $816.10 million for the quarter, compared to analyst estimates of $805.70 million. Penn National Gaming had a net margin of 17.04% and a negative return on equity of 92.84%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. analysts forecast that Penn National Gaming will post 1.55 earnings per share for the current year.

A number of brokerages recently commented on PENN. TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b-” rating in a research note on Monday, May 21st. Nomura upped their target price on shares of Penn National Gaming from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, May 24th. ValuEngine upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating in a report on Monday, May 14th. Zacks Investment Research upgraded shares of Penn National Gaming from a “sell” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Wednesday, May 2nd. Finally, Jefferies Group restated a “buy” rating and issued a $35.00 target price on shares of Penn National Gaming in a report on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.20.

In other news, CEO Timothy J. Wilmott sold 84,084 shares of the stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $30.30, for a total transaction of $2,547,745.20. Following the transaction, the chief executive officer now directly owns 580,093 shares in the company, valued at approximately $17,576,817.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy J. Wilmott sold 102,528 shares of the stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $30.41, for a total transaction of $3,117,876.48. Following the transaction, the chief executive officer now owns 615,395 shares in the company, valued at $18,714,161.95. The disclosure for this sale can be found here. Corporate insiders own 10.56% of the company’s stock.

Penn National Gaming Company Profile

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.

Insider Buying and Selling by Quarter for Penn National Gaming (NASDAQ:PENN)

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