Wall Street brokerages predict that Churchill Downs, Inc. (NASDAQ:CHDN) will post earnings of $0.50 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Churchill Downs’ earnings, with estimates ranging from $0.20 to $0.75. Churchill Downs reported earnings of $0.16 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 212.5%. The firm is expected to issue its next earnings results on Thursday, April 27th.
According to Zacks, analysts expect that Churchill Downs will report full year earnings of $6.53 per share for the current fiscal year, with EPS estimates ranging from $5.90 to $7.34. For the next fiscal year, analysts expect that the firm will post earnings of $7.42 per share, with EPS estimates ranging from $6.73 to $8.13. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Churchill Downs.
Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Tuesday, February 28th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Churchill Downs had a return on equity of 13.60% and a net margin of 6.82%. The firm had revenue of $278.30 million for the quarter, compared to the consensus estimate of $287.14 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year.
Several research analysts have issued reports on CHDN shares. Zacks Investment Research downgraded Churchill Downs from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $174.00 price target (up previously from $172.00) on shares of Churchill Downs in a research note on Thursday, March 2nd. Finally, Imperial Capital increased their price target on Churchill Downs from $165.00 to $169.00 and gave the company an “outperform” rating in a research note on Thursday, March 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $162.83.
In other news, Director Robert L. Evans sold 5,000 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $156.00, for a total value of $780,000.00. Following the transaction, the director now owns 112,350 shares of the company’s stock, valued at approximately $17,526,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert L. Evans sold 4,466 shares of the stock in a transaction on Friday, March 31st. The shares were sold at an average price of $158.00, for a total value of $705,628.00. Following the completion of the transaction, the director now directly owns 100,875 shares in the company, valued at approximately $15,938,250. The disclosure for this sale can be found here. In the last three months, insiders sold 21,475 shares of company stock worth $3,367,159. 19.05% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its position in Churchill Downs by 1.9% in the third quarter. Arizona State Retirement System now owns 5,500 shares of the company’s stock worth $805,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans increased its position in Churchill Downs by 7.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,110 shares of the company’s stock worth $317,000 after buying an additional 150 shares during the period. HL Financial Services LLC increased its position in Churchill Downs by 2.8% in the third quarter. HL Financial Services LLC now owns 6,444 shares of the company’s stock worth $943,000 after buying an additional 175 shares during the period. State Treasurer State of Michigan increased its position in Churchill Downs by 4.2% in the third quarter. State Treasurer State of Michigan now owns 5,000 shares of the company’s stock worth $732,000 after buying an additional 200 shares during the period. Finally, California State Teachers Retirement System increased its position in Churchill Downs by 0.7% in the third quarter. California State Teachers Retirement System now owns 28,618 shares of the company’s stock worth $4,188,000 after buying an additional 200 shares during the period. 70.52% of the stock is currently owned by institutional investors.
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Shares of Churchill Downs (NASDAQ:CHDN) traded down 0.83% on Monday, reaching $155.00. The company’s stock had a trading volume of 39,501 shares. The company has a 50 day moving average price of $154.51 and a 200 day moving average price of $148.68. Churchill Downs has a 52-week low of $118.76 and a 52-week high of $160.00. The company has a market cap of $2.52 billion, a P/E ratio of 24.09 and a beta of 0.71.
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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