Churchill Downs (NASDAQ:CHDN) Announces Earnings Results

Churchill Downs (NASDAQ:CHDN) issued its earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.35, Briefing.com reports. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The firm had revenue of $590.90 million for the quarter, compared to analysts’ expectations of $565.41 million. During the same quarter last year, the company posted $0.98 earnings per share. Churchill Downs’s revenue was up 5.6% on a year-over-year basis.

Churchill Downs Price Performance

Shares of NASDAQ:CHDN opened at $129.44 on Friday. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 9.00 and a beta of 1.03. Churchill Downs has a 12 month low of $106.45 and a 12 month high of $150.45. The stock’s 50 day moving average price is $119.79 and its 200 day moving average price is $120.64. The company has a debt-to-equity ratio of 5.88, a current ratio of 0.50 and a quick ratio of 0.53.

Analyst Ratings Changes

CHDN has been the topic of a number of recent analyst reports. Mizuho lifted their price target on Churchill Downs from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus lifted their price target on Churchill Downs from $150.00 to $153.00 and gave the company a “buy” rating in a report on Friday. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a report on Friday. Truist Financial lifted their price target on Churchill Downs from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price target on shares of Churchill Downs in a report on Wednesday, April 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.50.

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; and casino gaming.