Penn National Gaming Inc (PENN) is Upgraded by Macquarie to Outperform

Penn National Gaming Inc (PENN) was Upgraded by Macquarie to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on Jun 30, 2016.

Many Wall Street Analysts have commented on Penn National Gaming Inc. Penn National Gaming Inc was Upgraded by Morgan Stanley to ” Equal-Weight” on Jun 2, 2016.

On the company’s financial health, Penn National Gaming Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 23, 2015. Analyst had a consensus of $0.14. The company had revenue of $701.00 million for the quarter, compared to analysts expectations of $681.52 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Penn National Gaming Inc opened for trading at $13.71 and hit $13.82 on the upside on Wednesday, eventually ending the session at $13.74, with a gain of 1.10% or 0.15 points. The heightened volatility saw the trading volume jump to 22,11,737 shares. Company has a market cap of $1,120 M.

In a different news, on May 26, 2016, Ronald J Naples (director) purchased 1,000 shares at $14.68 per share price. According to the SEC, on Dec 1, 2015, William J Fair (EVP – Chief Dev Officer) purchased 4,000 shares at $15.99 per share price. On Nov 24, 2015, Jane Scaccetti (director) purchased 2,000 shares at $16.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Penn National Gaming Inc. is an owner and manager of gaming and pari-mutuel properties. The Company’s segments include the East/Midwest segment the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races Hollywood Casino at Penn National Race Course Hollywood Casino Lawrenceburg Hollywood Casino Toledo Hollywood Casino Columbus Hollywood Gaming at Dayton Raceway Hollywood Gaming at Mahoning Valley Race Course Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora Hollywood Casino Joliet Argosy Casino Alton Hollywood Casino Gulf Coast Argosy Casino Riverside Hollywood Casino Tunica Boomtown Biloxi Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino Inc. is a subsidiary of the Company.

Penn National Gaming Inc

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