Wall Street analysts forecast that Churchill Downs, Inc. (NASDAQ:CHDN) will announce earnings of $3.03 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Churchill Downs’ earnings. The highest EPS estimate is $3.20 and the lowest is $2.85. Churchill Downs reported earnings of $2.57 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 17.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that Churchill Downs will report full year earnings of $4.40 per share for the current year. For the next financial year, analysts expect that the business will post earnings of $5.08 per share, with EPS estimates ranging from $4.40 to $5.75. Zacks Investment Research’s EPS 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, April 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.23. The business had revenue of $265.40 million for the quarter, compared to the consensus estimate of $250.57 million. Churchill Downs had a net margin of 16.81% and a return on equity of 33.97%. The business’s revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS.

Several brokerages recently weighed in on CHDN. BidaskClub downgraded shares of Churchill Downs from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group set a $106.00 target price on shares of Churchill Downs and gave the stock a “buy” rating in a research note on Thursday, March 28th. Zacks Investment Research downgraded shares of Churchill Downs from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, JPMorgan Chase & Co. set a $105.00 target price on shares of Churchill Downs and gave the stock a “hold” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $113.17.

In other news, Director R Alex Rankin acquired 500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $101.83 per share, with a total value of $50,915.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Karole Lloyd acquired 1,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average cost of $85.22 per share, for a total transaction of $85,220.00. The disclosure for this purchase can be found here. Corporate insiders own 13.05% of the company’s stock.

Several institutional investors have recently modified their holdings of CHDN. BlackRock Inc. boosted its holdings in shares of Churchill Downs by 203.0% in the 1st quarter. BlackRock Inc. now owns 4,077,620 shares of the company’s stock valued at $368,046,000 after buying an additional 2,731,814 shares in the last quarter. FMR LLC boosted its holdings in shares of Churchill Downs by 409.3% in the 1st quarter. FMR LLC now owns 793,264 shares of the company’s stock valued at $71,600,000 after buying an additional 637,495 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Churchill Downs by 203.2% in the 1st quarter. Northern Trust Corp now owns 582,186 shares of the company’s stock valued at $52,548,000 after buying an additional 390,161 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Churchill Downs by 154.2% in the 1st quarter. Acadian Asset Management LLC now owns 615,395 shares of the company’s stock valued at $55,547,000 after buying an additional 373,260 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Churchill Downs by 216.9% in the 1st quarter. Geode Capital Management LLC now owns 476,658 shares of the company’s stock valued at $43,022,000 after buying an additional 326,228 shares in the last quarter. Institutional investors and hedge funds own 72.24% of the company’s stock.

Shares of Churchill Downs stock traded up $1.60 on Wednesday, reaching $114.35. The company had a trading volume of 11,699 shares, compared to its average volume of 294,821. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. Churchill Downs has a 52-week low of $74.58 and a 52-week high of $115.36. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.87 and a current ratio of 0.87.

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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