PENN - Penn National Gaming, Inc.
23.90 0.00 (0.00%)
After hours: 5:00PM EST
| Previous Close | 23.59 |
| Open | 23.50 |
| Bid | 20.25 x 800 |
| Ask | 30.50 x 4000 |
| Day's Range | 23.49 - 24.15 |
| 52 Week Range | 17.30 - 36.90 |
| Volume | 1,394,123 |
| Avg. Volume | 2,649,304 |
| Market Cap | 2.827B |
| Beta (3Y Monthly) | 2.10 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.22 |
| Earnings Date | Feb 6, 2019 - Feb 11, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 30.55 |
Oilprice.com•4 hours ago5 Companies That Could Win Big As The U.S. Legalizes Sports Betting
New U.S. legislation has opened up a new market for online gambling and e-gaming, and sports betting is the most popular niche
- Investopedia•2 days ago
The U.S. Department of Justice Gambling Reversal Explained
The Department of Justice (DOJ) has called for all forms of internet gambling to be made illegal. On Monday, an opinion from the DOJ’s Office of Legal Counsel was made public. In it, regulators reversed a 2011 ruling from Barack Obama’s administration that prohibited only certain types of gambling in the U.S., including sports betting.
- Markit•2 days ago
See what the IHS Markit Score report has to say about Penn National Gaming Inc.
# Penn National Gaming Inc ### NASDAQ/NGS:PENN View full report here! ## Summary * Bearish sentiment is moderate * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderate for PENN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $3.75 billion over the last one-month into ETFs that hold PENN are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•6 days ago
Reasons Why Wynn Resorts (WYNN) Could Be Worth the Gamble
We expect the turnaround in Macau and improved non-gaming revenues, coupled with expansion in the domestic market, to aid Wynn Resorts (WYNN).
- Business Wire•7 days ago
Penn National Gaming Board of Directors Authorizes New $200 Million Share Repurchase Program
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that its Board of Directors approved a new $200 million share repurchase program. The new two-year authorization (which will expire on December 31, 2020) is incremental to the Company’s existing share repurchase program, which is set to expire in February of 2019. Repurchases by the Company will be subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors.
- Zacks•10 days ago
Gambling Stock Roundup: Macau Gambling Revenues Surge, MGM Announces Strategic Efforts
Gambling stocks with highest exposure in the Macau region surge after revenues surpass analyst expectations. MGM Resorts International (MGM) announces the "MGM 2020" plan.
- Business Wire•10 days ago
Rutter’s Selects Penn National Gaming as Its Operator for Video Gaming Terminals in Pennsylvania
Rutter’s announced today that it has chosen Marquee by Penn, LLC, an affiliate of Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National”), as its Terminal Operator for Video Gaming Terminals (“VGTs”) in Pennsylvania. Twenty Rutter’s establishments in the Commonwealth are expected to initially qualify to host VGTs.
- Zacks•14 days ago
Penn National Completes Acquiring Margaritaville for $115M
Penn National (PENN) continues with acquisition strategies that help the company expand presence as well as improve revenue yields.
- Business Wire•14 days ago
Penn National Gaming Completes Acquisition of Margaritaville Resort Casino Operations
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that it completed the purchase of the operations of Margaritaville Resort Casino in Bossier City, Louisiana (“Margaritaville”), for total consideration of $115 million. The transaction was financed with incremental borrowings under the Company’s revolving credit facility with the purchase price representing a multiple of approximately 5.0x expected trailing twelve months adjusted earnings before interest, taxes, depreciation, amortization, and management fee for the period ended December 31, 2018.
- Simply Wall St.•23 days ago
Is Penn National Gaming, Inc.’s (NASDAQ:PENN) CEO Pay Justified?
Tim Wilmott became the CEO of Penn National Gaming, Inc. (NASDAQ:PENN) in 2013. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After Read More...
- PR Newswire•29 days ago
DraftKings Prepares to Launch Sports Betting in West Virginia
BOSTON, Dec. 18, 2018 /PRNewswire/ -- DraftKings Inc. announced today that it has reached a licensing agreement with an affiliate of Penn National Gaming, Inc. (PENN), the operator of Hollywood Casino at Charles Town Races in West Virginia. The agreement allows sports fans in the Mountain State to access DraftKings Sportsbook, the leading mobile and online sports betting platform, pending regulatory approvals. "We are thrilled to work with Penn National Gaming to bring our online sportsbook product to West Virginia," said Matt Kalish, Chief Revenue Officer and co-founder of DraftKings.
- Insider Monkey•last month
Here is What Hedge Funds Think About Penn National Gaming, Inc (PENN)
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying for a while now that the current market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth quarter, […]
Zacks•last monthRestoration Hardware, Penn National Gaming, American Eagle Outfitters, Costco Wholesale and Adobe highlighted as Zacks Bull and Bear of the Day
Restoration Hardware, Penn National Gaming, American Eagle Outfitters, Costco Wholesale and Adobe highlighted as Zacks Bull and Bear of the Day
- Insider Monkey•last month
Do Hedge Funds Love CNX Resources Corporation (CNX)?
While the market driven by short-term sentiment influenced by uncertainty regarding the future of the interest rate environment in the US, declining oil prices and the trade war with China, many smart money investors are keeping their optimism regarding the current bull run, while still hedging many of their long positions. However, as we know, […]
Markit•last monthSee what the IHS Markit Score report has to say about Penn National Gaming Inc.
Penn National Gaming Inc NASDAQ/NGS:PENN
- The Wall Street Journal•last month
[$$] Penn National Gaming: Bulking Up
Inc. it accomplished not only its well-timed acquisition of peer regional gaming operator Pinnacle Entertainment Inc., it also announced the acquisition of other regional casino properties, making it the largest regional gaming operator in the U.S. Penn likely ended up with a savvy purchase of Pinnacle despite increasing competition in the regional gaming space. In addition to the Pinnacle acquisition, Penn has recently moved to purchase casinos in Michigan and Louisiana that will further expand Penn’s geographic diversification. Meanwhile, Penn’s expansion together with increasing capital expenditures has caused an increase in leverage.
- Thomson Reuters StreetEvents•last month
Edited Transcript of PENN earnings conference call or presentation 1-Nov-18 1:00pm GMT
Q3 2018 Penn National Gaming Inc Earnings Call
- Zacks•2 months ago
Penn National Gaming (PENN) Down 7.4% Since Last Earnings Report: Can It Rebound?
Penn National Gaming (PENN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- PR Newswire•2 months ago
Alliance Data To Launch Co-Brand Credit Card Loyalty Program For Penn National Gaming, North America's Largest Regional Gaming Operator
New program to expand and enrich Penn National's player database, driving customer loyalty and increasing revenue through data-driven insights Innovative application and on-site credit card issuance capabilities ...
Markit•2 months agoSee what the IHS Markit Score report has to say about Penn National Gaming Inc.
Penn National Gaming Inc NASDAQ/NGS:PENN
- Zacks•2 months ago
Penn National to Acquire Greektown Casino-Hotel's Operations
Penn National (PENN) is known for its acquisition strategies, which helps the company to expand its presence and improve revenue yields.
- Zacks•2 months ago
MGM Versus LVS: Which Casino Stock is Worth the Gamble Now?
While Las Vegas Sands (LVS) has an edge over MGM Resorts (MGM) in terms of projected EPS, the latter has a better debt-to-asset ratio.
- TheStreet.com•2 months ago
Penn National Stock Jumps 8% on $300 Million Deal for Detroit Casino
rose nearly 8% Wednesday to close at $21.32 a share on news that the gambling company is buying Detroit's Greektown Casino-Hotel's operations for $300 million from Cleveland Cavaliers owner Dan Gilbert. Gilbert, who founded Detroit-based Quicken Loans and has long worked on redeveloping his native Detroit, also agreed to sell the casino property itself to real estate investment trust VICI Properties Inc. VICI's shares fell 0.1% to $21.44 on the news.
- Reuters•2 months ago
Detroit casino hotel sold for $1 billion in gaming consolidation
An investment arm of Quicken Loans founder and billionaire Dan Gilbert said on Wednesday it agreed to sell the Greektown Casino-Hotel in Detroit to a real estate investment trust and a partner for $1 billion, in a sign of industry consolidation. VICI Properties Inc, which owns Caesars Palace in Las Vegas and other gaming sites, will acquire the land and real estate assets of Greektown for about $700 million, said JACK Entertainment LLC, an affiliate of Athens Acquisition LLC, whose majority shareholder is Gilbert.
