Canterbury Park (NASDAQ:CPHC) Issues Earnings Results

Canterbury Park (NASDAQ:CPHC) announced its earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, Zacks reports. Canterbury Park had a return on equity of 0.14% and a net margin of 0.20%.

Canterbury Park Price Performance

NASDAQ CPHC traded down $0.30 on Tuesday, hitting $15.50. 1,382 shares of the stock were exchanged, compared to its average volume of 1,805. The company’s 50-day moving average price is $15.75 and its two-hundred day moving average price is $15.69. Canterbury Park has a 52-week low of $14.39 and a 52-week high of $16.84. The company has a market capitalization of $80.29 million, a price-to-earnings ratio of 775.00 and a beta of -0.40.

Canterbury Park Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, September 30th. Canterbury Park’s payout ratio is presently 1,400.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Canterbury Park from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

About Canterbury Park

Canterbury Park Holding Corporation owns and operates Canterbury Park, a horse racing and entertainment facility in Shakopee, Minnesota, serving the Minneapolis–Saint Paul metropolitan area. The property hosts live Thoroughbred and Quarter Horse racing during its seasonal race meet and offers year-round pari-mutuel wagering on races held at tracks elsewhere. In addition to racing, Canterbury Park operates a card casino offering poker and other authorized card games. Its broader entertainment activities include dining, special events, concerts, corporate gatherings and other hospitality services.