Wall Street brokerages expect Churchill Downs, Inc. (NASDAQ:CHDN) to announce $0.37 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 $0.38 and the lowest is $0.36. Churchill Downs posted earnings of $0.36 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, April 24th.

On average, analysts expect that Churchill Downs will report full year earnings of $4.60 per share for the current year, with EPS estimates ranging from $4.57 to $4.63. For the next financial year, analysts expect that the business will report earnings of $5.38 per share, with EPS estimates ranging from $5.21 to $5.55. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Churchill Downs.

Churchill Downs (NASDAQ:CHDN) last issued its earnings results on Wednesday, February 27th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.67 million. Churchill Downs had a net margin of 34.97% and a return on equity of 33.95%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share.

A number of equities analysts recently commented on the stock. BidaskClub upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Zacks Investment Research downgraded shares of Churchill Downs from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, ValuEngine upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Churchill Downs currently has a consensus rating of “Hold” and a consensus target price of $101.42.

In related news, Director Karole Lloyd acquired 1,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was bought at an average price of $85.22 per share, for a total transaction of $85,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its stake in Churchill Downs by 146.2% in the first quarter. Strs Ohio now owns 3,200 shares of the company’s stock valued at $288,000 after acquiring an additional 1,900 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its stake in Churchill Downs by 203.7% in the first quarter. Stock Yards Bank & Trust Co. now owns 24,450 shares of the company’s stock valued at $2,207,000 after acquiring an additional 16,400 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Churchill Downs in the first quarter valued at $348,000. Gemmer Asset Management LLC boosted its stake in Churchill Downs by 200.0% in the first quarter. Gemmer Asset Management LLC now owns 300 shares of the company’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Finally, New Mexico Educational Retirement Board boosted its stake in Churchill Downs by 200.0% in the first quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the company’s stock valued at $650,000 after acquiring an additional 4,800 shares in the last quarter. Institutional investors own 24.44% of the company’s stock.

Shares of CHDN stock traded down $0.58 on Friday, reaching $92.32. 182,286 shares of the stock were exchanged, compared to its average volume of 200,002. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.86. The company has a market cap of $3.72 billion, a P/E ratio of 25.36, a PEG ratio of 1.00 and a beta of 1.18. Churchill Downs has a twelve month low of $74.58 and a twelve month high of $104.87.

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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