Churchill Downs (CHDN) to Release Quarterly Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN - Get Free Report) will likely be announcing its Q2 2025 earnings results after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $3.05 per share and revenue of $924.36 million for the quarter.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). Churchill Downs had a return on equity of 40.73% and a net margin of 15.19%. The firm had revenue of $642.60 million for the quarter, compared to analyst estimates of $649.68 million. During the same quarter in the previous year, the firm posted $1.13 EPS. The business's revenue for the quarter was up 8.7% on a year-over-year basis. 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 Performance

NASDAQ CHDN traded down $0.72 during trading hours on Friday, hitting $105.55. The company had a trading volume of 513,364 shares, compared to its average volume of 593,355. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.53 and a current ratio of 0.53. Churchill Downs has a 1-year low of $85.58 and a 1-year high of $150.21. The company has a market cap of $7.62 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.93 and a beta of 0.95. The business has a 50 day moving average of $99.65 and a 200-day moving average of $108.43.

Analyst Upgrades and Downgrades

CHDN has been the subject of a number of recent analyst reports. Macquarie reduced their price objective on shares of Churchill Downs from $172.00 to $154.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Mizuho decreased their price target on Churchill Downs from $137.00 to $134.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Stifel Nicolaus boosted their price target on Churchill Downs from $130.00 to $133.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Truist Financial decreased their price target on Churchill Downs from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Wall Street Zen upgraded Churchill Downs from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.45.

Insiders Place Their Bets

In other news, Director Douglas C. Grissom bought 10,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $92.77 per share, for a total transaction of $927,700.00. Following the transaction, the director owned 38,869 shares in the company, valued at $3,605,877.13. The trade was a 34.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director R Alex Rankin bought 2,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was purchased at an average price of $92.65 per share, with a total value of $185,300.00. Following the transaction, the director owned 99,012 shares in the company, valued at approximately $9,173,461.80. This represents a 2.06% increase in their position. The disclosure for this purchase can be found here. 5.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Churchill Downs

Institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its stake in shares of Churchill Downs by 1,364.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company's stock valued at $28,000 after purchasing an additional 232 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Churchill Downs by 29.8% in the first quarter. AQR Capital Management LLC now owns 3,415 shares of the company's stock valued at $373,000 after acquiring an additional 784 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Churchill Downs by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company's stock valued at $25,080,000 after acquiring an additional 15,161 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Churchill Downs by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company's stock valued at $53,675,000 after acquiring an additional 121,204 shares in the last quarter. Institutional investors and hedge funds own 82.59% of the company's stock.

Churchill Downs Company Profile

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.