Canterbury Park (NASDAQ:CPHC) Releases Quarterly Earnings Results

Key Points

• Canterbury Park reported a quarterly loss of $0.03 per share, alongside a negative 0.10% net margin and 0.07% return on equity.
• The stock fell 0.4% to $15.41, trading within a 52-week range of $14.39 to $17.95. Analysts maintain an average “Sell” rating.
• The company paid a quarterly dividend of $0.07 per share, equivalent to an annualized $0.28 dividend and a 1.8% yield; institutional investors own 76.37% of the stock.

Canterbury Park (NASDAQ:CPHC - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. Canterbury Park had a negative return on equity of 0.07% and a negative net margin of 0.10%.

Canterbury Park Trading Down 0.4%

NASDAQ CPHC traded down $0.06 on Tuesday, reaching $15.41. The company's stock had a trading volume of 1,150 shares, compared to its average volume of 1,783. Canterbury Park has a 52 week low of $14.39 and a 52 week high of $17.95. The firm has a market cap of $79.36 million, a PE ratio of -1,541.00 and a beta of -0.39. The business has a 50-day moving average price of $15.73 and a 200 day moving average price of $15.66.

Canterbury Park Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, June 30th. Canterbury Park's payout ratio is -2,800.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Canterbury Park from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

Institutional Investors Weigh In On Canterbury Park

An institutional investor recently raised its position in Canterbury Park stock. Bank of America Corp DE boosted its stake in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC - Free Report) by 142.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,616 shares of the company's stock after acquiring an additional 1,536 shares during the quarter. Bank of America Corp DE owned 0.05% of Canterbury Park worth $49,000 as of its most recent SEC filing. Institutional investors own 76.37% of the company's stock.

Canterbury Park Company Profile

Canterbury Park Holding Corp. engages in hosting and managing pari mutuel wagering activities. It operates through the following business segments: Horse Racing, Card Casino, Food & Beverage and Development. The Horse Racing segment includes simulcast and live horse racing operations. The Card Casino segment holds unbanked card games, poker and table games. The Food and Beverage segment consists of concession stands, restaurant and buffet, bars, and other food venues. The Development segment owns land for racetrack operations.

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