Brokerages forecast that Churchill Downs, Inc. (NASDAQ:CHDN) will report earnings per share of ($0.06) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Churchill Downs’ earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at $0.03. Churchill Downs reported earnings of $0.21 per share during the same quarter last year, which would suggest a negative year over year growth rate of 128.6%. The business is scheduled to report its next earnings results on Wednesday, February 26th.
According to Zacks, analysts expect that Churchill Downs will report full year earnings of $4.03 per share for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.74 per share, with EPS estimates ranging from $3.67 to $3.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Churchill Downs.
Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. The business had revenue of $306.30 million for the quarter, compared to analyst estimates of $299.27 million. Churchill Downs had a net margin of 11.43% and a return on equity of 33.71%. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share.
Several research firms have issued reports on CHDN. BidaskClub upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating in a research report on Saturday, January 4th. Zacks Investment Research upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating and set a $150.00 price target on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $136.00.
Churchill Downs stock traded down $0.07 during mid-day trading on Monday, hitting $142.97. The company’s stock had a trading volume of 165,051 shares, compared to its average volume of 179,279. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $5.73 billion, a P/E ratio of 40.16, a P/E/G ratio of 1.91 and a beta of 1.22. Churchill Downs has a twelve month low of $83.05 and a twelve month high of $145.73. The stock’s fifty day moving average price is $136.67 and its two-hundred day moving average price is $127.51.
The firm also recently declared an annual dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a $0.581 dividend. This is a positive change from Churchill Downs’s previous annual dividend of $0.54. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 0.45%. Churchill Downs’s payout ratio is 15.93%.
In other news, Director Karole Lloyd acquired 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $123.16 per share, for a total transaction of $123,160.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CHDN. Marshall Wace North America L.P. grew its position in Churchill Downs by 200.0% during the 1st quarter. Marshall Wace North America L.P. now owns 780 shares of the company’s stock worth $70,000 after purchasing an additional 520 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Churchill Downs by 290.7% during the 1st quarter. First Trust Advisors LP now owns 16,361 shares of the company’s stock valued at $1,477,000 after buying an additional 12,173 shares during the period. Bank of Montreal Can boosted its stake in shares of Churchill Downs by 285.4% during the 2nd quarter. Bank of Montreal Can now owns 3,973 shares of the company’s stock valued at $456,000 after buying an additional 2,942 shares during the period. LPL Financial LLC acquired a new stake in shares of Churchill Downs during the 2nd quarter valued at $780,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Churchill Downs by 17.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 61,714 shares of the company’s stock valued at $7,101,000 after buying an additional 9,108 shares during the period. Hedge funds and other institutional investors own 71.70% of the company’s stock.
Churchill Downs Company Profile
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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