Churchill Downs (CHDN) to Release Quarterly Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN) is projected to announce its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.98 per share and revenue of $620.21 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Churchill Downs Stock Down 0.5 %

Churchill Downs stock opened at $121.76 on Wednesday. The stock’s fifty day moving average is $129.84 and its two-hundred day moving average is $135.57. The stock has a market cap of $8.95 billion, a PE ratio of 22.18, a P/E/G ratio of 3.05 and a beta of 0.95. Churchill Downs has a 1-year low of $111.10 and a 1-year high of $150.21. The company has a debt-to-equity ratio of 4.35, a current ratio of 0.55 and a quick ratio of 0.55.

Churchill Downs Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $0.409 per share. This represents a dividend yield of 0.29%. The ex-dividend date was Friday, December 6th. This is a positive change from Churchill Downs’s previous annual dividend of $0.38. Churchill Downs’s dividend payout ratio (DPR) is 7.47%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Churchill Downs from $168.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday. JMP Securities reissued a “market outperform” rating and issued a $166.00 target price on shares of Churchill Downs in a research report on Thursday, January 16th. Mizuho decreased their price objective on Churchill Downs from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Truist Financial reiterated a “buy” rating and set a $165.00 target price (down previously from $166.00) on shares of Churchill Downs in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $160.50.

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.