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.

A number of equities analysts have commented on CHDN shares. BidaskClub downgraded shares of Churchill Downs from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Zacks Investment Research raised shares of Churchill Downs from a “hold” rating to a “buy” rating and set a $332.00 price objective for the company in a report on Monday, July 2nd. Jefferies Financial Group set a $317.00 price objective on shares of Churchill Downs and gave the stock a “hold” rating in a report on Monday, August 6th. Finally, ValuEngine downgraded shares of Churchill Downs from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $314.00.

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.

Further Reading: Stop Order Uses For Individual Investors

Get a free copy of the Zacks research report on Churchill Downs (CHDN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Churchill Downs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Churchill Downs and related companies with MarketBeat.com's FREE daily email newsletter.