Churchill Downs (CHDN) Scheduled to Post Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN) will release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Churchill Downs to post earnings of $1.02 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.18. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The business had revenue of $890.70 million during the quarter, compared to analyst estimates of $858.59 million. During the same period in the previous year, the firm earned $2.24 EPS. Churchill Downs’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts expect Churchill Downs to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Churchill Downs Price Performance

Shares of CHDN opened at $135.49 on Tuesday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a 50 day simple moving average of $137.79 and a 200 day simple moving average of $135.49. Churchill Downs has a 52-week low of $106.45 and a 52-week high of $146.64. The firm has a market capitalization of $9.96 billion, a PE ratio of 30.18, a P/E/G ratio of 2.06 and a beta of 0.97.

Wall Street Analysts Forecast Growth

CHDN has been the subject of a number of recent research reports. Wells Fargo & Company upped their price target on Churchill Downs from $161.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Stifel Nicolaus upped their price target on Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Macquarie upped their price target on Churchill Downs from $154.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Mizuho upped their price target on Churchill Downs from $143.00 to $157.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.75.

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.