Churchill Downs, Incorporated (NASDAQ:CHDN) declared an annual dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Friday, December 1st will be given a dividend of 1.52 per share on Friday, January 5th. This represents a yield of 0.73%. The ex-dividend date is Thursday, November 30th. This is a boost from Churchill Downs,’s previous annual dividend of $1.32.
Churchill Downs, (NASDAQ CHDN) opened at $212.40 on Friday. Churchill Downs, has a 1-year low of $137.01 and a 1-year high of $218.05. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $3,276.48, a PE ratio of 30.30 and a beta of 0.89.
Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.18. The firm had revenue of $314.80 million during the quarter, compared to the consensus estimate of $308.43 million. Churchill Downs, had a net margin of 9.75% and a return on equity of 17.48%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. analysts forecast that Churchill Downs, will post 6.99 EPS for the current fiscal year.
CHDN has been the subject of a number of analyst reports. BidaskClub upgraded shares of Churchill Downs, from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Telsey Advisory Group lifted their price target on shares of Churchill Downs, from $180.00 to $182.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Imperial Capital reiterated a “buy” rating on shares of Churchill Downs, in a research report on Sunday, July 30th. Finally, Zacks Investment Research downgraded shares of Churchill Downs, from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $218.67.
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In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $198.25, for a total transaction of $991,250.00. Following the sale, the director now owns 90,878 shares of the company’s stock, valued at $18,016,563.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 18.44% of the company’s stock.
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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