Churchill Downs (NASDAQ:CHDN) posted its quarterly earnings data on Wednesday. The company reported $2.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.01), Briefing.com reports. Churchill Downs had a return on equity of 33.97% and a net margin of 16.81%. The company had revenue of $477.40 million for the quarter, compared to analyst estimates of $469.85 million. During the same period in the previous year, the business posted $7.71 earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year.
Shares of CHDN stock traded down $5.88 during trading hours on Friday, reaching $120.35. 374,846 shares of the company’s stock were exchanged, compared to its average volume of 202,310. The firm has a market cap of $4.84 billion, a P/E ratio of 33.06, a P/E/G ratio of 1.43 and a beta of 1.23. The business’s 50 day simple moving average is $116.86. Churchill Downs has a 1 year low of $74.58 and a 1 year high of $132.73. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.87 and a current ratio of 0.87.
A number of analysts have weighed in on the company. Zacks Investment Research raised Churchill Downs from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Telsey Advisory Group increased their price objective on Churchill Downs from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, July 1st. ValuEngine cut Churchill Downs from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub raised Churchill Downs from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Susquehanna Bancshares started coverage on Churchill Downs in a research report on Wednesday, July 24th. They set a “positive” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $132.20.
In other news, SVP Austin W. Miller sold 5,900 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $117.31, for a total transaction of $692,129.00. Following the completion of the transaction, the senior vice president now directly owns 40,494 shares of the company’s stock, valued at approximately $4,750,351.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 13.05% of the company’s stock.
About Churchill Downs
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.
Further Reading: What is the Current Ratio?
Receive News & Ratings for Churchill Downs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Churchill Downs and related companies with MarketBeat.com's FREE daily email newsletter.