Somewhat Favorable News Coverage Somewhat Unlikely to Impact Churchill Downs (CHDN) Share Price
Media coverage about Churchill Downs (NASDAQ:CHDN) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Churchill Downs earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.9591951894027 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Churchill Downs (NASDAQ:CHDN) opened at $252.20 on Thursday. The firm has a market cap of $3,900.00, a PE ratio of 31.49, a P/E/G ratio of 1.54 and a beta of 0.92. Churchill Downs has a 12 month low of $141.00 and a 12 month high of $254.75. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.57 and a current ratio of 0.57.
Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.18. The firm had revenue of $314.80 million for the quarter, compared to analyst estimates of $308.43 million. Churchill Downs had a net margin of 9.75% and a return on equity of 17.48%. Churchill Downs’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. analysts expect that Churchill Downs will post 7.05 EPS for the current year.
Churchill Downs announced that its board has authorized a stock repurchase program on Wednesday, November 29th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have recently issued reports on CHDN shares. BidaskClub lowered shares of Churchill Downs from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating and set a $239.00 target price on the stock in a research note on Wednesday, November 8th. Finally, Telsey Advisory Group upped their target price on shares of Churchill Downs from $196.00 to $209.00 and gave the company a “market perform” rating in a research note on Thursday, October 12th.
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Churchill Downs Company Profile
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through five segments: Racing, Casinos, TwinSpires, Other Investments and Corporate.
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