News stories about Churchill Downs (NASDAQ:CHDN) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Churchill Downs earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.7094851826391 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research analysts recently issued reports on the company. Telsey Advisory Group boosted their price objective on Churchill Downs from $196.00 to $209.00 and gave the company a “market perform” rating in a research report on Thursday, October 12th. BidaskClub upgraded Churchill Downs from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Zacks Investment Research lowered Churchill Downs from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.

Shares of Churchill Downs (NASDAQ:CHDN) traded down $0.70 during mid-day trading on Friday, reaching $252.85. The company’s stock had a trading volume of 320,316 shares, compared to its average volume of 103,721. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.77. Churchill Downs has a one year low of $141.00 and a one year high of $254.75. The firm has a market cap of $3,900.00, a price-to-earnings ratio of 31.57 and a beta of 0.92.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.18. Churchill Downs had a return on equity of 17.48% and a net margin of 9.75%. The company had revenue of $314.80 million during the quarter, compared to analyst estimates of $308.43 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. analysts predict that Churchill Downs will post 6.95 EPS for the current year.

Churchill Downs declared that its Board of Directors has initiated a share buyback program on Wednesday, November 29th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

The firm also recently declared an annual dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 1st were given a dividend of $1.52 per share. This represents a yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from Churchill Downs’s previous annual dividend of $1.32. Churchill Downs’s payout ratio is 18.98%.

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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.

Insider Buying and Selling by Quarter for Churchill Downs (NASDAQ:CHDN)

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