Penn National Gaming's Slow and Steady Growth Plans Are Paying Off
The regional gambling market continues its slow and steady growth, pushing results for Penn National Gaming, Inc. (NASDAQ: PENN) higher along the way. Each of the company's regional operating segments saw a revenue increase, and a focus on maintaining strong margin has helped the bottom line improve as well.
After spinning off most of its real estate into Gaming and Leisure Properties (NASDAQ: GLPI), Penn is now highly leveraged to the gambling business. As long as revenue keeps going up, the stock will do well, but there could be signs of some headwinds coming as early as next quarter. Here's what to keep an eye on.
Image source: Getty Images.
Source: Fool.com
Penn National Gaming Stock
€17.10
-0.710%
Penn National Gaming is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
With a target price of 25 € there is a positive potential of 46.18% for Penn National Gaming compared to the current price of 17.1 €.
