TMCnet News
Top 5 Companies in the Casinos & Gaming Industry With the Highest P/E Ratio (ISLE, LACO, UWN, MPEL, PENN)Jul 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Casinos & Gaming industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Isle of Capri Casinos ranks highest with a a P/E ratio of 57.07. Following is Lakes Entertainment with a a P/E ratio of 46.13. Nevada Gold & Casinos ranks third highest with a a P/E ratio of 46.00. Melco Crown Entertainment follows with a a P/E ratio of 29.08, and Penn National Gaming rounds out the top five with a a P/E ratio of 27.15. SmarTrend is tracking the current trend status for Penn National Gaming and will alert subscribers who have PENN in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |