Canterbury Park (NASDAQ:CPHC) Announces Earnings Results

Canterbury Park (NASDAQ:CPHC) announced its quarterly earnings data on Tuesday. The company reported $0.18 EPS for the quarter, Zacks reports. The business had revenue of $19.08 million for the quarter. Canterbury Park had a return on equity of 0.70% and a net margin of 0.97%.

Canterbury Park Trading Up 1.1%

CPHC traded up $0.17 during trading hours on Thursday, hitting $15.67. The company’s stock had a trading volume of 203 shares, compared to its average volume of 1,822. The business’s 50-day moving average price is $15.74 and its 200-day moving average price is $15.68. Canterbury Park has a 12 month low of $14.39 and a 12 month high of $16.84. The stock has a market cap of $81.24 million, a price-to-earnings ratio of 156.74 and a beta of -0.40.

Canterbury Park Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Canterbury Park’s dividend payout ratio (DPR) is 280.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Canterbury Park from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

About Canterbury Park

Canterbury Park Holding Corporation owns and operates Canterbury Park, a horse racing and entertainment facility in Shakopee, Minnesota, serving the Minneapolis–Saint Paul metropolitan area. The property hosts live Thoroughbred and Quarter Horse racing during its seasonal race meet and offers year-round pari-mutuel wagering on races held at tracks elsewhere. In addition to racing, Canterbury Park operates a card casino offering poker and other authorized card games. Its broader entertainment activities include dining, special events, concerts, corporate gatherings and other hospitality services.