Media headlines about Pinnacle Entertainment (NASDAQ:PNK) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pinnacle Entertainment earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.4420846682459 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several brokerages have recently weighed in on PNK. ValuEngine cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub upgraded Pinnacle Entertainment from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Bank of America boosted their target price on Pinnacle Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Barclays boosted their target price on Pinnacle Entertainment from $25.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.57.
Pinnacle Entertainment (NASDAQ PNK) opened at $32.84 on Friday. Pinnacle Entertainment has a twelve month low of $13.61 and a twelve month high of $33.59. The company has a market capitalization of $2,135.94, a P/E ratio of 65.68 and a beta of 1.45. The company has a debt-to-equity ratio of -11.36, a current ratio of 0.71 and a quick ratio of 0.68.
Pinnacle Entertainment (NASDAQ:PNK) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Pinnacle Entertainment had a negative return on equity of 13.12% and a net margin of 1.23%. The firm had revenue of $647.40 million for the quarter, compared to analysts’ expectations of $652.13 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. equities analysts anticipate that Pinnacle Entertainment will post 0.81 EPS for the current fiscal year.
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About Pinnacle Entertainment
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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