Churchill Downs (CHDN) Getting Somewhat Favorable Press Coverage, Report Finds

News coverage about Churchill Downs (NASDAQ:CHDN) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Churchill Downs earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.100612248512 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

CHDN has been the subject of several recent analyst reports. Telsey Advisory Group increased their price objective on shares of Churchill Downs from $196.00 to $209.00 and gave the stock a “market perform” rating in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Churchill Downs from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, BidaskClub upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $218.67.

Shares of Churchill Downs (NASDAQ:CHDN) opened at $231.15 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.77. The company has a market cap of $3,571.80, a price-to-earnings ratio of 33.03 and a beta of 0.92. Churchill Downs has a twelve month low of $141.00 and a twelve month high of $237.82.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.18. Churchill Downs had a net margin of 9.75% and a return on equity of 17.48%. The firm had revenue of $314.80 million for the quarter, compared to analyst estimates of $308.43 million. During the same period last year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. equities analysts predict that Churchill Downs will post 6.95 EPS for the current fiscal year.

Churchill Downs declared that its board has authorized a share repurchase plan on Wednesday, November 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed an annual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 1st will be paid a $1.52 dividend. This represents a dividend yield of 0.73%. This is a positive change from Churchill Downs’s previous annual dividend of $1.32. The ex-dividend date is Thursday, November 30th. Churchill Downs’s dividend payout ratio (DPR) is 19.17%.

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About Churchill Downs

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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