Brokerages predict that Churchill Downs Incorporated (NASDAQ:CHDN) will announce $7.36 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Churchill Downs’ earnings. The highest EPS estimate is $7.41 and the lowest is $7.30. Churchill Downs reported earnings of $4.81 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 53%. The firm is scheduled to report its next earnings results on Wednesday, July 25th.

According to Zacks, analysts expect that Churchill Downs will report full-year earnings of $10.58 per share for the current fiscal year, with EPS estimates ranging from $10.50 to $10.65. For the next fiscal year, analysts anticipate that the firm will post earnings of $13.16 per share, with EPS estimates ranging from $12.44 to $14.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Churchill Downs.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, April 25th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $189.30 million during the quarter, compared to analysts’ expectations of $177.80 million. Churchill Downs had a return on equity of 20.96% and a net margin of 27.77%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share.

A number of brokerages have issued reports on CHDN. ValuEngine raised Churchill Downs from a “hold” rating to a “buy” rating in a research report on Friday. Telsey Advisory Group began coverage on Churchill Downs in a research report on Tuesday, March 13th. They set a “market perform” rating and a $265.00 target price for the company. Zacks Investment Research cut Churchill Downs from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. BidaskClub raised Churchill Downs from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Jefferies Group began coverage on Churchill Downs in a research report on Thursday, January 18th. They set a “hold” rating and a $261.00 target price for the company. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $254.25.

In other Churchill Downs news, Director Richard L. Duchossois acquired 2,080 shares of Churchill Downs stock in a transaction dated Tuesday, April 3rd. The stock was bought at an average cost of $240.65 per share, with a total value of $500,552.00. Following the completion of the transaction, the director now owns 16,290 shares of the company’s stock, valued at $3,920,188.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Evans sold 32,866 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $265.00, for a total value of $8,709,490.00. The disclosure for this sale can be found here. Insiders have acquired 11,805 shares of company stock valued at $3,002,583 in the last ninety days. Company insiders own 13.78% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Churchill Downs by 1.7% in the fourth quarter. BlackRock Inc. now owns 1,364,375 shares of the company’s stock valued at $317,491,000 after acquiring an additional 23,081 shares during the period. Acadian Asset Management LLC boosted its position in shares of Churchill Downs by 89.7% in the fourth quarter. Acadian Asset Management LLC now owns 213,914 shares of the company’s stock valued at $49,775,000 after acquiring an additional 101,124 shares during the period. Cypress Funds LLC boosted its position in shares of Churchill Downs by 13.0% in the fourth quarter. Cypress Funds LLC now owns 183,000 shares of the company’s stock valued at $42,584,000 after acquiring an additional 21,000 shares during the period. Citadel Advisors LLC boosted its position in shares of Churchill Downs by 110.3% in the fourth quarter. Citadel Advisors LLC now owns 159,592 shares of the company’s stock valued at $37,137,000 after acquiring an additional 83,688 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Churchill Downs by 324.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 140,798 shares of the company’s stock valued at $32,764,000 after acquiring an additional 107,645 shares during the period. 84.13% of the stock is owned by institutional investors.

Shares of Churchill Downs stock opened at $273.95 on Friday. The company has a market cap of $3,721.22, a price-to-earnings ratio of 46.59, a P/E/G ratio of 1.61 and a beta of 1.05. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.02 and a quick ratio of 0.57. Churchill Downs has a 12-month low of $162.25 and a 12-month high of $285.70.

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, TwinSpires, and Other Investments segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 11 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 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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