Penn National Gaming (PENN, Financial) recently experienced a notable stock price increase of 5.06%, reaching $20.77 per share with a trading volume of 4.79 million shares and a turnover rate of 3.14%. The stock's volatility was recorded at 8.14%.
According to the latest financial report, Penn National Gaming reported a revenue of $1.639 billion, a net loss of $36.7 million, and an earnings per share of -$0.24. The company's gross profit stood at $460 million, with a price-to-earnings ratio of -5.89.
In terms of analyst ratings, 43% of the 23 participating institutions recommended buying the stock, while 57% suggested holding, with no sell recommendations.
Within the casino and gaming industry, which saw an overall decline of 0.58%, Penn National Gaming, Monarch Casino & Resort, Inc., and Full House Resorts, Inc. recorded significant gains. Active stocks included Penn National Gaming, Wynn Resorts, and Caesars Entertainment, with turnover rates of 3.15%, 1.08%, and 1.00%, respectively.
Penn National Gaming originated from a racetrack in Pennsylvania in 1972. Today, it operates 43 casinos across 20 states in the U.S. under 12 brands, including Hollywood Casino and Ameristar. In 2023, 89% of its sales came from land-based casinos, with the remaining 11% from its interactive division, which includes sports, iGaming, and media revenue. The company's retail portfolio boasts an EBITDAR margin of around 30%, aiding in securing digital gaming licenses. Penn's media assets, theScore and ESPN, have strengthened its digital presence since their partnership began in November 2023.
