Equities analysts expect that Churchill Downs, Inc. (NASDAQ:CHDN) will post earnings of $0.66 per share for the current quarter, Zacks reports. Two analysts have made estimates for Churchill Downs’ earnings, with estimates ranging from $0.64 to $0.68. Churchill Downs posted earnings per share of $0.53 in the same quarter last year, which indicates a positive year-over-year growth rate of 24.5%. The firm is expected to announce its next earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Churchill Downs will report full year earnings of $4.29 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $4.16 per share, with EPS estimates ranging from $4.08 to $4.24. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Churchill Downs.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.84 by ($0.01). The company had revenue of $477.40 million for the quarter, compared to analysts’ expectations of $469.85 million. Churchill Downs had a net margin of 15.76% and a return on equity of 34.23%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the company earned $7.71 earnings per share.

A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Churchill Downs from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Telsey Advisory Group increased their target price on Churchill Downs from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, July 1st. Zacks Investment Research raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Susquehanna Bancshares assumed coverage on Churchill Downs in a research note on Wednesday, July 24th. They set a “positive” rating and a $140.00 target price for the company. Finally, BidaskClub raised Churchill Downs from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $132.20.

In other news, SVP Austin W. Miller sold 5,900 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $117.31, for a total transaction of $692,129.00. Following the completion of the transaction, the senior vice president now directly owns 40,494 shares of the company’s stock, valued at approximately $4,750,351.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 13.05% of the company’s stock.

Several hedge funds have recently modified their holdings of CHDN. Gemmer Asset Management LLC increased its stake in Churchill Downs by 200.0% in the 1st quarter. Gemmer Asset Management LLC now owns 300 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Churchill Downs in the 1st quarter valued at approximately $27,000. Global Wealth Management Investment Advisory Inc. purchased a new position in Churchill Downs in the 1st quarter valued at approximately $27,000. FTB Advisors Inc. increased its stake in Churchill Downs by 248.0% in the 1st quarter. FTB Advisors Inc. now owns 355 shares of the company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Churchill Downs in the 2nd quarter valued at approximately $62,000. 70.63% of the stock is owned by institutional investors and hedge funds.

Shares of CHDN stock traded up $2.06 during trading hours on Tuesday, reaching $118.80. 124,800 shares of the company’s stock were exchanged, compared to its average volume of 262,168. The company has a market cap of $4.67 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 1.36 and a beta of 1.23. The company’s 50 day moving average is $118.48 and its two-hundred day moving average is $101.97. Churchill Downs has a 1 year low of $74.58 and a 1 year high of $132.73. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.13 and a quick ratio of 1.13.

Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.

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Earnings History and Estimates for Churchill Downs (NASDAQ:CHDN)

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