Churchill Downs (NASDAQ:CHDN - Get Free Report) is expected to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect Churchill Downs to post earnings of $0.98 per share and revenue of $620.21 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Churchill Downs Trading Down 0.8 %
Shares of NASDAQ CHDN traded down $0.98 during trading on Friday, hitting $122.11. 532,353 shares of the company were exchanged, compared to its average volume of 511,632. Churchill Downs has a 12-month low of $111.10 and a 12-month high of $150.21. The company has a debt-to-equity ratio of 4.35, a quick ratio of 0.55 and a current ratio of 0.55. The company has a fifty day moving average price of $128.72 and a 200-day moving average price of $135.17. The firm has a market capitalization of $8.98 billion, a PE ratio of 22.24, a P/E/G ratio of 3.05 and a beta of 0.95.
Churchill Downs Increases Dividend
The business also recently declared an annual dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $0.409 per share. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, December 6th. This is a positive change from Churchill Downs's previous annual dividend of $0.38. Churchill Downs's payout ratio is currently 7.47%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on CHDN. StockNews.com raised Churchill Downs from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Mizuho cut their price objective on Churchill Downs from $157.00 to $151.00 and set an "outperform" rating for the company in a research report on Tuesday, October 22nd. JMP Securities reissued a "market outperform" rating and set a $166.00 price objective on shares of Churchill Downs in a research report on Thursday, January 16th. Wells Fargo & Company cut their price objective on Churchill Downs from $168.00 to $165.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Truist Financial reissued a "buy" rating and set a $165.00 price objective (down from $166.00) on shares of Churchill Downs in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $160.50.
Check Out Our Latest Research Report on CHDN
Churchill Downs Company Profile
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Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.
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