|Bid||22.46 x 900|
|Ask||23.50 x 900|
|Day's Range||22.37 - 23.15|
|52 Week Range||18.76 - 36.90|
|Beta (3Y Monthly)||2.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.92|
Restoration Hardware, Penn National Gaming, American Eagle Outfitters, Costco Wholesale and Adobe highlighted as Zacks Bull and Bear of the Day
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.
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.
Penn National (PENN) is known for its acquisition strategies, which helps the company to expand its presence and improve revenue yields.
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.
Penn National will pay $55.6 million in rent annually for 15 years with options to renew the lease four times for five years each. Penn National, which expects to finance the deal with cash on hand and debt, is acquiring Greektown from Jack Entertainment LLC. Greektown Casino-Hotel, opened in 2000, features 100,000 square feet of casino space, about 2,700 gambling machines and 60 table games among other amenities and features. The deal, expected to close in mid-2019, will increase Penn National’s portfolio of facilities to 41.
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”), announced today that it has entered into a definitive agreement to acquire the operations of Greektown Casino-Hotel in Detroit, Michigan (“Greektown”) for approximately $300 million in cash. Simultaneous with the closing of the transaction, Penn National will enter into a triple net lease agreement with VICI Properties Inc. (VICI) (“VICI”) for the Greektown facility.
Penn National's (PENN) margin-improvement initiatives and acquisitions are the key growth drivers while competition creates headwinds for the company.
With shares of casino giant Wynn Resorts (WYNN) tanking in the wake of its latest earnings report, Ryan McQueeney explains how growth & income investors can find better options by focusing on REITs that own gaming properties.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
LAS VEGAS, Nov. 05, 2018 -- Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and financial.
Penn National Gaming Inc (NASDAQ:PENN), which is in the hospitality business, and is based in United States, saw significant share price volatility over the past couple of months on the Read More...
- All Three Operating Segments Generate Continued Improvements to Industry Leading Adjusted EBITDA Margins -
- Completes Acquisition Financing -- Establishes 2018 Fourth Quarter and Revises Full Year Guidance -- Completes Acquisition of the Real Estate Assets of Tropicana Entertainment.
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that it has filed an application with the Pennsylvania Gaming Control Board (“PGCB”) for Hollywood Casino Morgantown, the Company’s second Category 4 satellite gaming facility, to be located on a vacant 36-acre site in Caernarvon Township, Berks County. The planned facility will be near the intersections of three major roadways: the Pennsylvania Turnpike (I-76), I-176, and the Morgantown Expressway (Rt.
Despite short-term turmoil in the entertainment and gaming space, rise in consumer spending and upbeat outlook for the economy are encouraging.
Penn National Gaming (PENN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Las Vegas Sands earnings and revenue fell short Wall Street estimates, as U.S. and Singapore revenue fell, but the casino giant raised its dividend.
Royal Caribbean (RCL) is poised to witness earnings growth in the third quarter of 2018, given its robust booking trends and other profitability initiatives.