Pinnacle Entertainment (PNK) Receives Media Impact Rating of 0.03
News stories about Pinnacle Entertainment (NASDAQ:PNK) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pinnacle Entertainment earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.4811326586776 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities analysts have issued reports on PNK shares. Bank of America Corporation boosted their price objective on shares of Pinnacle Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. BidaskClub upgraded shares of Pinnacle Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Barclays PLC boosted their price objective on shares of Pinnacle Entertainment from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their price target on shares of Pinnacle Entertainment from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research cut shares of Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $27.57.
Pinnacle Entertainment (NASDAQ PNK) opened at $29.04 on Monday. Pinnacle Entertainment has a 52-week low of $13.30 and a 52-week high of $29.54. The company has a debt-to-equity ratio of -11.36, a quick ratio of 0.68 and a current ratio of 0.71. The stock has a market cap of $1,668.44, a PE ratio of 38.21, a P/E/G ratio of 1.74 and a beta of 1.38.
Pinnacle Entertainment (NASDAQ:PNK) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Pinnacle Entertainment had a net margin of 1.23% and a negative return on equity of 13.12%. The company had revenue of $647.40 million for the quarter, compared to analysts’ expectations of $652.13 million. During the same quarter in the previous year, the company earned ($0.01) earnings per share. Pinnacle Entertainment’s quarterly revenue was up 8.8% on a year-over-year basis. research analysts forecast that Pinnacle Entertainment will post 0.81 EPS for the current fiscal year.
In related news, Chairman Anthony Michael Sanfilippo purchased 21,600 shares of Pinnacle Entertainment stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $18.85 per share, for a total transaction of $407,160.00. Following the completion of the transaction, the chairman now directly owns 828,562 shares of the company’s stock, valued at $15,618,393.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.33% of the stock is owned by insiders.
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Pinnacle Entertainment Company Profile
Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.
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