Last $24.85 USD
Change Today 0.00 / 0.00%
Volume 87.9K
PNK On Other Exchanges
Symbol
Exchange
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As of 11:18 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

pinnacle entertainment inc (PNK) Snapshot

Open
$24.84
Previous Close
$24.85
Day High
$24.95
Day Low
$24.74
52 Week High
09/9/14 - $27.45
52 Week Low
02/5/14 - $20.33
Market Cap
1.5B
Average Volume 10 Days
1.0M
EPS TTM
$0.80
Shares Outstanding
60.0M
EX-Date
06/1/92
P/E TM
31.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for PINNACLE ENTERTAINMENT INC (PNK)

pinnacle entertainment inc (PNK) Related Businessweek News

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pinnacle entertainment inc (PNK) Details

Pinnacle Entertainment, Inc. owns, develops, and operates casinos, and related hospitality and entertainment facilities in the United States. Its Midwest segment operates Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra Casino Resort, Belterra Park, and River City properties. The company’s South segment consists of Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, L'Auberge Baton Rouge, and L'Auberge Lake Charles property. Its West segment comprises Ameristar Black Hawk, Cactus Petes, and the Horseshu properties. Pinnacle Entertainment owns 14 gaming properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, and Nevada; and a racetrack in Ohio and manages Retama Park Racetrack in San Antonio and Texas, as well as owns and operates a live and televised poker tournament series under the Heartland Poker Tour trade name. The company was formerly known as Hollywood Park, Inc. and changed its name to Pinnacle Entertainment, Inc. in February 2000. Pinnacle Entertainment, Inc. was founded in 1938 and is based in Las Vegas, Nevada.

14,569 Employees
Last Reported Date: 03/3/14
Founded in 1938

pinnacle entertainment inc (PNK) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.1M
President and Chief Financial Officer
Total Annual Compensation: $718.1K
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $545.0K
Executive Vice President, General Counsel an...
Total Annual Compensation: $475.0K
Executive Vice President of Government Relati...
Total Annual Compensation: $170.2K
Compensation as of Fiscal Year 2013.

pinnacle entertainment inc (PNK) Key Developments

Pinnacle Entertainment Announces Intent to Pursue Plan to Separate its Real Estate Assets from Operating Assets

Pinnacle Entertainment Inc. announced that it intends to pursue a plan to separate its real estate assets from its operating assets into two publicly traded companies. The company intends to carry out the proposed separation through the creation of a newly formed, publicly traded, real estate investment trust that will be distributed to PNK stockholders in a tax-free spin-off, with PNK remaining an operating entity following the transaction.

Pinnacle Entertainment Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides EBITDA Guidance for the Fourth Quarter of 2014 and Full Year of 2015

Pinnacle Entertainment Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $568,299,000 compared to $418,927,000 a year ago. Operating income was $77,192,000 compared to operating loss of $15,190,000 a year ago. Income from continuing operations before income taxes was $14,694,000 compared to loss from continuing operations before income taxes of $94,520,000 a year ago. Income from continuing operations was $7,719,000 or $0.13 per basic and diluted share compared to loss from continuing operations of $47,142,000 or $0.80 per basic and diluted share a year ago. Net income attributable to the company was $12,506,000 or $0.21 per basic and diluted share compared to net loss attributable to the company of $180,406,000 or $3.07 per basic and diluted share a year ago. Adjusted EBITDA was $141,532,000 compared to $102,570,000 a year ago. Adjusted net income was $12,270,000 or $0.20 per share compared to $9,254,000 or $0.16 per share a year ago. Capital expenditures totaled approximately $31.0 million during the 2014 third quarter. In the 2014 third quarter, cash expenditures totaled $2.6 million for the Boomtown New Orleans hotel project and $16.7 million for Belterra Park Gaming and Entertainment Center. For the nine months, the company reported total revenues of $1,656,258,000 compared to $952,801,000 a year ago. Operating income was $231,743,000 compared to $34,637,000 a year ago. Income from continuing operations before income taxes was $32,219,000 compared to loss from continuing operations before income taxes of $193,794,000 a year ago. Income from continuing operations was $24,147,000 or $0.39 per diluted share compared to loss from continuing operations of $142,028,000 or $2.43 per diluted share a year ago. Net income attributable to the company was $29,295,000 or $0.47 per diluted share compared to net loss attributable to the company of $270,879,000 or $4.63 per diluted share a year ago. Adjusted EBITDA was $435,320,000 compared to $230,195,000 a year ago. Adjusted net income was $61,104,000 or $0.99 per share compared to $27,121,000 or $0.46 per share a year ago. The company expects Belterra Park to be modestly EBITDA negative in 2014 fourth quarter, but to perform better than it did during the third quarter. The company’s preliminary 2015 plan for Belterra Park has a generating positive EBITDA.

Pinnacle Entertainment Mulls Acquisitions

Pinnacle Entertainment Inc. (NYSE:PNK) is separating a unit and the unit plans for acquisitions. Pinnacle Entertainment said, "Prop Co will pursue growth of its portfolio and annual dividend distributions through real property acquisitions, with a broad mandate in the gaming, leisure and entertainment industries."

 

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PNK

Industry Average

Valuation PNK Industry Range
Price/Earnings 46.0x
Price/Sales 0.7x
Price/Book 5.7x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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