Churchill Downs (NASDAQ:CHDN) issued its quarterly earnings results on Wednesday. The company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.02, MarketWatch Earnings reports. The business had revenue of $185.10 million during the quarter, compared to analyst estimates of $120.03 million. Churchill Downs had a net margin of 7.78% and a return on equity of 30.45%. The business’s revenue was down 61.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.83 earnings per share.

Shares of CHDN traded up $2.95 during midday trading on Thursday, hitting $132.42. 12,470 shares of the stock traded hands, compared to its average volume of 232,749. Churchill Downs has a 1-year low of $52.90 and a 1-year high of $167.52. The firm has a market capitalization of $5.13 billion, a PE ratio of 50.95 and a beta of 1.16. The company has a debt-to-equity ratio of 4.95, a quick ratio of 2.45 and a current ratio of 2.45. The business’s 50 day moving average price is $132.52 and its two-hundred day moving average price is $122.60.

In related news, SVP Austin W. Miller sold 12,000 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $126.54, for a total value of $1,518,480.00. Following the completion of the sale, the senior vice president now owns 40,925 shares of the company’s stock, valued at $5,178,649.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO William E. Mudd sold 5,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $122.01, for a total transaction of $610,050.00. Following the completion of the sale, the chief operating officer now directly owns 286,690 shares of the company’s stock, valued at approximately $34,979,046.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,138 shares of company stock valued at $3,332,448. Corporate insiders own 4.28% of the company’s stock.

Several analysts have weighed in on CHDN shares. BidaskClub lowered shares of Churchill Downs from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of Churchill Downs from $138.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. ValuEngine upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Zacks Investment Research lowered shares of Churchill Downs from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $150.33.

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.

Read More: Total Return

Earnings History 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.