News stories about Churchill Downs, (NASDAQ:CHDN) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Churchill Downs, earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 89 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Reviewing Pinnacle Entertainment (PNK) and Churchill Downs, (CHDN) (americanbankingnews.com)
- Analysts Expect Churchill Downs, Incorporated (CHDN) Will Announce Quarterly Sales of $442.95 Million (americanbankingnews.com)
- Churchill Downs Incorporated 2017 Second Quarter Financial Results Conference Call Invitation (finance.yahoo.com)
- Analysts Expect Churchill Downs, Incorporated (NASDAQ:CHDN) Will Post Earnings of $4.42 Per Share (americanbankingnews.com)
- Churchill Downs, Incorporated (CHDN) Upgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
Shares of Churchill Downs, (NASDAQ:CHDN) opened at 180.80 on Tuesday. Churchill Downs, has a 52-week low of $128.59 and a 52-week high of $186.05. The stock’s 50 day moving average is $173.90 and its 200-day moving average is $158.99. The firm has a market cap of $2.95 billion, a P/E ratio of 26.90 and a beta of 0.88.
Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.07. Churchill Downs, had a return on equity of 14.14% and a net margin of 8.66%. The firm had revenue of $279.50 million for the quarter, compared to the consensus estimate of $283.23 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue was down 3.1% on a year-over-year basis. Equities analysts anticipate that Churchill Downs, will post $6.43 earnings per share for the current fiscal year.
Churchill Downs, announced that its board has approved a share repurchase plan on Tuesday, April 25th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 99% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
Several research firms have issued reports on CHDN. Zacks Investment Research upgraded shares of Churchill Downs, from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Imperial Capital raised their price target on shares of Churchill Downs, from $169.00 to $184.00 and gave the company an “outperform” rating in a report on Friday, April 28th. BidaskClub upgraded shares of Churchill Downs, from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Telsey Advisory Group lowered shares of Churchill Downs, from an “outperform” rating to a “market perform” rating and set a $174.00 price target on the stock. in a report on Friday, April 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Churchill Downs, has an average rating of “Hold” and a consensus price target of $171.75.
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In other Churchill Downs, news, Director R Alex Rankin acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $164.17 per share, with a total value of $164,170.00. Following the purchase, the director now directly owns 11,214 shares of the company’s stock, valued at $1,841,002.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Duchossois acquired 4,548 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $164.95 per share, for a total transaction of $750,192.60. Following the completion of the purchase, the director now directly owns 9,509 shares in the company, valued at $1,568,509.55. The disclosure for this purchase can be found here. 18.44% of the stock is owned by insiders.
Churchill Downs, Company Profile
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.
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