Churchill Downs (CHDN) to Release Earnings on Wednesday

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

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

Shares of CHDN traded up $1.21 during midday trading on Wednesday, hitting $105.41. 631,146 shares of the stock traded hands, compared to its average volume of 589,408. Churchill Downs has a 1-year low of $85.58 and a 1-year high of $150.21. The firm has a market capitalization of $7.61 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 3.05 and a beta of 0.95. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.53 and a current ratio of 0.53. The business's 50 day moving average price is $98.94 and its two-hundred day moving average price is $108.84.

Insiders Place Their Bets

In other news, Director Douglas C. Grissom purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $92.77 per share, for a total transaction of $927,700.00. Following the completion of the acquisition, the director directly owned 38,869 shares in the company, valued at approximately $3,605,877.13. The trade was a 34.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Alex Rankin purchased 2,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was purchased at an average price of $92.65 per share, for a total transaction of $185,300.00. Following the acquisition, the director owned 99,012 shares of the company's stock, valued at $9,173,461.80. The trade was a 2.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.34% of the company's stock.

Hedge Funds Weigh In On Churchill Downs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Churchill Downs by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company's stock valued at $53,675,000 after purchasing an additional 121,204 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Churchill Downs by 7.2% during the 1st 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 purchasing an additional 15,161 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Churchill Downs by 29.8% during the 1st quarter. AQR Capital Management LLC now owns 3,415 shares of the company's stock valued at $373,000 after purchasing an additional 784 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Churchill Downs by 1,364.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company's stock valued at $28,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 82.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Churchill Downs from $125.00 to $124.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Wall Street Zen raised shares of Churchill Downs from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Mizuho reduced their price objective on shares of Churchill Downs from $137.00 to $134.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. 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 report on Thursday, April 24th. Finally, JMP Securities reduced their price objective on shares of Churchill Downs from $144.00 to $138.00 and set a "market outperform" rating for the company in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.18.

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.