Churchill Downs (CHDN) to Release Earnings on Tuesday

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.

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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.

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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.

Earnings History for Churchill Downs (NASDAQ:CHDN)

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