Churchill Downs (NASDAQ:CHDN) released its quarterly earnings results on Monday. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.44), Bloomberg Earnings reports. The business had revenue of $179.00 million for the quarter, compared to analyst estimates of $255.33 million. Churchill Downs had a return on equity of 17.48% and a net margin of 9.75%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 EPS.
Churchill Downs (NASDAQ:CHDN) traded up $1.90 during trading hours on Wednesday, hitting $258.20. The company had a trading volume of 104,359 shares, compared to its average volume of 164,211. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $3,505.94, a P/E ratio of 32.56, a PEG ratio of 1.45 and a beta of 1.05. Churchill Downs has a fifty-two week low of $142.11 and a fifty-two week high of $264.65.
In related news, Director Robert L. Evans sold 32,866 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $265.00, for a total transaction of $8,709,490.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.44% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on CHDN shares. Zacks Investment Research upgraded Churchill Downs from a “hold” rating to a “buy” rating and set a $283.00 price objective for the company in a report on Tuesday, January 16th. BidaskClub upgraded Churchill Downs from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Finally, Jefferies Group started coverage on Churchill Downs in a report on Thursday, January 18th. They set a “hold” rating and a $261.00 price objective for the company. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Churchill Downs has a consensus rating of “Buy” and an average price target of $240.25.
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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 five segments: Racing, Casinos, TwinSpires, Other Investments and Corporate.
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