Churchill Downs (CHDN) Scheduled to Post Quarterly Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Churchill Downs to post earnings of $1.02 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.18. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. The firm had revenue of $890.70 million during the quarter, compared to analyst estimates of $858.59 million. During the same period last year, the firm posted $2.24 earnings per share. Churchill Downs's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts expect Churchill Downs to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Churchill Downs Price Performance

Shares of NASDAQ:CHDN traded up $1.29 on Wednesday, reaching $140.11. The company's stock had a trading volume of 265,225 shares, compared to its average volume of 427,806. The company has a market cap of $10.30 billion, a P/E ratio of 31.20, a PEG ratio of 2.06 and a beta of 0.97. Churchill Downs has a 52-week low of $106.45 and a 52-week high of $146.64. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50-day simple moving average of $137.59 and a 200 day simple moving average of $135.19.

Analysts Set New Price Targets

Several analysts recently weighed in on CHDN shares. JMP Securities restated a "market outperform" rating and set a $166.00 price target on shares of Churchill Downs in a report on Monday. Jefferies Financial Group raised their price objective on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 11th. Truist Financial reissued a "buy" rating and set a $166.00 price target (up from $165.00) on shares of Churchill Downs in a research note on Friday, July 26th. Bank of America raised shares of Churchill Downs from a "neutral" rating to a "buy" rating and boosted their target price for the company from $145.00 to $155.00 in a research note on Monday, August 12th. Finally, Stifel Nicolaus raised their target price on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $158.33.

About Churchill Downs

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.