Wall Street analysts forecast that Churchill Downs, Inc. (NASDAQ:CHDN) will post ($0.06) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Churchill Downs’ earnings. The lowest EPS estimate is ($0.14) and the highest is $0.03. Churchill Downs reported earnings of $0.21 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 128.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 26th.
On average, analysts expect that Churchill Downs will report full-year earnings of $4.03 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.65 per share, with EPS estimates ranging from $3.63 to $3.67. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Churchill Downs.
Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $306.30 million for the quarter, compared to analysts’ expectations of $299.27 million. Churchill Downs had a net margin of 11.43% and a return on equity of 33.71%. The business’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS.
CHDN stock traded up $0.86 during mid-day trading on Thursday, hitting $134.41. The company had a trading volume of 266,177 shares, compared to its average volume of 271,623. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 1.63 and a beta of 1.22. Churchill Downs has a 12-month low of $74.58 and a 12-month high of $135.85. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.67. The company has a 50-day moving average price of $129.43 and a 200 day moving average price of $121.58.
The firm also recently announced an annual dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a $0.581 dividend. The ex-dividend date is Thursday, December 5th. This is an increase from Churchill Downs’s previous annual dividend of $0.54. This represents a dividend yield of 0.45%. Churchill Downs’s payout ratio is 15.93%.
In other Churchill Downs news, Director Karole Lloyd bought 1,000 shares of Churchill Downs stock in a transaction dated Thursday, November 7th. The shares were purchased at an average cost of $123.16 per share, for a total transaction of $123,160.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.05% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC grew its holdings in Churchill Downs by 101.7% during the 3rd quarter. Millennium Management LLC now owns 610,293 shares of the company’s stock valued at $75,343,000 after purchasing an additional 307,743 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Churchill Downs during the 2nd quarter valued at about $22,687,000. Renaissance Technologies LLC grew its holdings in Churchill Downs by 343.7% during the 2nd quarter. Renaissance Technologies LLC now owns 108,156 shares of the company’s stock valued at $12,446,000 after purchasing an additional 83,782 shares during the last quarter. Invesco Ltd. grew its holdings in Churchill Downs by 51.3% during the 2nd quarter. Invesco Ltd. now owns 223,037 shares of the company’s stock valued at $25,665,000 after purchasing an additional 75,607 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Churchill Downs by 203.1% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 71,531 shares of the company’s stock valued at $8,231,000 after purchasing an additional 47,931 shares during the last quarter. Hedge funds and other institutional investors own 72.22% 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.
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