$1.59 EPS Expected for Churchill Downs, Inc. (CHDN) This Quarter
Analysts expect Churchill Downs, Inc. (NASDAQ:CHDN) to post $1.59 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Churchill Downs’ earnings. The highest EPS estimate is $1.59 and the lowest is $1.58. Churchill Downs reported earnings of $1.08 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 47.2%. The company is expected to announce its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Churchill Downs will report full-year earnings of $10.72 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $13.71 per share, with EPS estimates ranging from $12.20 to $15.21. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Churchill Downs.
Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, August 1st. The company reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $7.43 by $0.28. The business had revenue of $379.40 million during the quarter, compared to the consensus estimate of $371.30 million. Churchill Downs had a net margin of 32.00% and a return on equity of 27.68%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.81 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in CHDN. Wells Fargo & Company MN boosted its holdings in shares of Churchill Downs by 81.6% during the first quarter. Wells Fargo & Company MN now owns 37,793 shares of the company’s stock valued at $9,223,000 after acquiring an additional 16,986 shares during the period. American Century Companies Inc. boosted its holdings in shares of Churchill Downs by 15.6% during the first quarter. American Century Companies Inc. now owns 36,556 shares of the company’s stock valued at $8,921,000 after acquiring an additional 4,935 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Churchill Downs by 4.6% during the first quarter. Prudential Financial Inc. now owns 9,791 shares of the company’s stock valued at $2,389,000 after acquiring an additional 433 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Churchill Downs by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 6,085 shares of the company’s stock valued at $1,485,000 after acquiring an additional 285 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Churchill Downs by 1.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 78,985 shares of the company’s stock valued at $19,277,000 after acquiring an additional 1,153 shares during the period. 70.73% of the stock is owned by institutional investors.
Churchill Downs stock traded up $2.65 during mid-day trading on Thursday, reaching $274.10. The company’s stock had a trading volume of 716 shares, compared to its average volume of 64,964. The company has a market cap of $3.78 billion, a PE ratio of 46.10, a P/E/G ratio of 1.30 and a beta of 0.96. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.29 and a quick ratio of 1.29. Churchill Downs has a twelve month low of $198.90 and a twelve month high of $314.60.
About Churchill Downs
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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