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Last $35.82 USD
Change Today +0.72 / 2.05%
Volume 1.4M
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

pinnacle entertainment inc (PNK) Key Developments

Pinnacle Entertainment Elects Charles Atwood to its Board of Directors

Pinnacle Entertainment Inc. announced the election of Charles Atwood to the Company's Board of Directors effective March 12, 2015. Mr. Atwood is currently the Lead Trustee of the board of trustees for Equity Residential. He is also a member of the board of directors of Gala Coral Group, a private U.K.-based gaming company, and ALST Casino Holdings, LLC, a private Las Vegas-based gaming and hospitality company. Mr. Atwood is an accomplished gaming industry executive, advisor and director. Prior to his current Board appointments, Mr. Atwood joined Harrah's Entertainment Inc. (currently known as Caesars Entertainment Inc.) in 1979 and held numerous finance and development positions during his tenure at that company. He was Chief Financial Officer from 2001 to 2006, joined Harrah's board of directors in July 2005, and became its Vice Chairman in 2006. Mr. Atwood retired as Vice Chairman of Harrah's in December 2008.

Pinnacle Entertainment Seeks Acquisitions

Pinnacle Entertainment Inc. (NYSE:PNK) said unless indicated otherwise in the applicable prospectus supplement or other offering material, they expect to use the net proceeds from the sale of the securities for operations and for other general corporate purposes, including, but not limited to, capital expenditures (including for new development projects), repayment or refinancing of borrowings, working capital, investments, acquisitions and the repurchase of their common stock.

Pinnacle Entertainment Inc. Presents at J.P. Morgan Gaming, Lodging, Restaurent & Leisure Management Acess Forum, Mar-05-2015 03:00 PM

Pinnacle Entertainment Inc. Presents at J.P. Morgan Gaming, Lodging, Restaurent & Leisure Management Acess Forum, Mar-05-2015 03:00 PM. Venue: Wynn Las Vegas, Las Vegas, Nevada, United States. Speakers: Carlos A. Ruisanchez, President and Chief Financial Officer, Vincent J. Zahn, Vice President of Finance & Investor Relations.

Pinnacle Entertainment Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditure Guidance for 2015

Pinnacle Entertainment Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $554,285,000 against $535,035,000 a year ago. Operating income was $78,731,000 against $69,751,000 a year ago. Income from continuing operations before income taxes was $17,209,000 against $5,359,000 a year ago. Income from continuing operations was $14,185,000 or $0.23 per diluted share against $8,648,000 or $0.14 per diluted share a year ago. Net income attributable to the company was $14,549,000 or $0.24 per diluted share against $15,010,000 or $0.25 per diluted share a year ago. Adjusted EBITDA was $149,504,000 against $140,487,000 a year ago. Adjusted net income EBITDA was $25,069,000 or $0.40 per share against $18,359,000 or $0.31 per share a year ago. Capital expenditures totaled approximately $42.1 million. For the year, the company reported total revenues of $2,210,543,000 against $1,487,836,000 a year ago. Operating income was $310,473,000 against $104,387,000 a year ago. Income from continuing operations before income taxes was $49,427,000 against loss from continuing operations before income taxes of $188,436,000 a year ago. Income from continuing operations was $38,331,000 or $0.62 per diluted share against loss from continuing operations of $133,381,000 or $2.27 per diluted share a year ago. Net income attributable to the company was $43,843,000 or $0.71 per diluted share against $255,870,000 or $4.36 per diluted share a year ago. Adjusted EBITDA was $584,823,000 against $370,681,000 a year ago. Adjusted net income EBITDA was $86,172,000 or $1.39 per share against $45,960,000 or $0.80 per share a year ago. The company incurred approximately $85 million maintenance capital expenditures associated with its existing operating assets and corporate initiatives. In 2015, the company expects to spend approximately $100 million on maintenance capital expenditures associated with its existing operating assets and corporate initiatives. With the completion of Belterra Park and the Boomtown New Orleans hotel in 2014, the company does not anticipate material expansion capital expenditures. The company anticipates funding its 2015 maintenance capital expenditures with internally generated cash flow.

Pinnacle Entertainment Inc. to Report Q4, 2014 Results on Feb 12, 2015

Pinnacle Entertainment Inc. announced that they will report Q4, 2014 results at 10:00 AM, US Eastern Standard Time on Feb 12, 2015

 

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Industry Analysis

PNK

Industry Average

Valuation PNK Industry Range
Price/Earnings 57.5x
Price/Sales 1.0x
Price/Book 7.7x
Price/Cash Flow 7.6x
TEV/Sales NM Not Meaningful
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