Churchill Downs (NASDAQ:CHDN) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 24th.
Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.44). The company had revenue of $179.00 million during the quarter, compared to the consensus estimate of $255.33 million. Churchill Downs had a net margin of 11.47% and a return on equity of 16.80%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. On average, analysts expect Churchill Downs to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.
CHDN stock opened at $241.90 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $3,169.76, a price-to-earnings ratio of 41.14, a P/E/G ratio of 1.28 and a beta of 1.05. Churchill Downs has a twelve month low of $154.75 and a twelve month high of $279.45.
In other news, Director Robert L. Evans sold 32,866 shares of Churchill Downs stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $265.00, for a total transaction of $8,709,490.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Duchossois bought 2,080 shares of Churchill Downs stock in a transaction dated Tuesday, April 3rd. The shares were acquired at an average price of $240.65 per share, with a total value of $500,552.00. Following the completion of the purchase, the director now directly owns 16,290 shares in the company, valued at approximately $3,920,188.50. The disclosure for this purchase can be found here. Insiders have bought a total of 11,805 shares of company stock valued at $3,002,583 over the last quarter. 13.78% of the stock is currently owned by corporate insiders.
A number of research analysts have weighed in on the company. Telsey Advisory Group assumed coverage on Churchill Downs in a research note on Tuesday, March 13th. They issued a “market perform” rating and a $265.00 price target for the company. Zacks Investment Research downgraded Churchill Downs from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Jefferies Group assumed coverage on Churchill Downs in a research note on Thursday, January 18th. They issued a “hold” rating and a $261.00 price target for the company. Finally, BidaskClub upgraded Churchill Downs from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $254.25.
WARNING: “Churchill Downs (CHDN) to Release Earnings on Tuesday” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://ledgergazette.com/2018/04/17/churchill-downs-chdn-to-release-earnings-on-tuesday.html.
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, TwinSpires, and Other Investments segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 11 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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.