Churchill Downs (CHDN) to Release Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN - Get Free Report) will likely be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Churchill Downs to post earnings of $1.16 per share and revenue of $649.68 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.06). The business had revenue of $624.20 million during the quarter, compared to analyst estimates of $620.21 million. Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. On average, analysts expect Churchill Downs to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Churchill Downs Stock Up 0.4 %

Shares of NASDAQ CHDN traded up $0.37 during mid-day trading on Friday, hitting $101.36. The company had a trading volume of 617,923 shares, compared to its average volume of 506,716. Churchill Downs has a 1-year low of $96.67 and a 1-year high of $150.21. The company has a market capitalization of $7.45 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86. The company has a debt-to-equity ratio of 4.47, a current ratio of 0.57 and a quick ratio of 0.55. The business's 50-day simple moving average is $110.87 and its 200 day simple moving average is $126.32.

Churchill Downs declared that its Board of Directors has approved a share buyback program on Wednesday, March 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Churchill Downs Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. Churchill Downs's dividend payout ratio is currently 7.04%.

Wall Street Analyst Weigh In

CHDN has been the subject of a number of recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $166.00 price target on shares of Churchill Downs in a research note on Thursday, January 16th. StockNews.com cut Churchill Downs from a "hold" rating to a "sell" rating in a research note on Tuesday, April 8th. Stifel Nicolaus decreased their price target on Churchill Downs from $161.00 to $142.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company dropped their price objective on Churchill Downs from $165.00 to $158.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Finally, Barclays initiated coverage on Churchill Downs in a research note on Friday, April 11th. They set an "overweight" rating and a $125.00 target price for the company. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $153.44.

About Churchill Downs

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.