Equities analysts forecast that Churchill Downs, Incorporated (NASDAQ:CHDN) will report sales of $306.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Churchill Downs,’s earnings, with the lowest sales estimate coming in at $305.50 million and the highest estimate coming in at $307.50 million. Churchill Downs, posted sales of $303.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The firm is expected to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that Churchill Downs, will report full year sales of $306.50 million for the current year. For the next fiscal year, analysts anticipate that the business will report sales of $1.37 billion per share, with estimates ranging from $1.35 billion to $1.38 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Churchill Downs,.
Churchill Downs, (NASDAQ:CHDN) last announced its earnings results on Wednesday, July 26th. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.51 by $0.30. Churchill Downs, had a return on equity of 15.83% and a net margin of 9.22%. The company had revenue of $451.90 million for the quarter, compared to analyst estimates of $439.33 million. During the same quarter in the prior year, the company earned $4.11 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year.
CHDN has been the topic of a number of research analyst reports. BidaskClub upgraded Churchill Downs, from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Telsey Advisory Group boosted their price target on Churchill Downs, from $180.00 to $182.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Imperial Capital restated a “buy” rating on shares of Churchill Downs, in a report on Sunday, July 30th. Finally, Zacks Investment Research upgraded Churchill Downs, from a “hold” rating to a “strong-buy” rating and set a $215.00 price target on the stock in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Churchill Downs, presently has a consensus rating of “Buy” and an average target price of $191.25.
In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of Churchill Downs, stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $198.25, for a total transaction of $991,250.00. Following the sale, the director now directly owns 90,878 shares of the company’s stock, valued at approximately $18,016,563.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 18.44% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its position in Churchill Downs, by 7.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 64,817 shares of the company’s stock valued at $10,297,000 after acquiring an additional 4,227 shares in the last quarter. Keybank National Association OH boosted its position in Churchill Downs, by 20.0% during the 2nd quarter. Keybank National Association OH now owns 7,800 shares of the company’s stock valued at $1,430,000 after acquiring an additional 1,300 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Churchill Downs, by 2.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,432 shares of the company’s stock valued at $704,000 after acquiring an additional 100 shares in the last quarter. Legal & General Group Plc boosted its position in Churchill Downs, by 32.5% during the 1st quarter. Legal & General Group Plc now owns 8,417 shares of the company’s stock valued at $1,336,000 after acquiring an additional 2,066 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Churchill Downs, by 23,504.2% during the 1st quarter. BlackRock Inc. now owns 1,301,301 shares of the company’s stock valued at $206,713,000 after acquiring an additional 1,295,788 shares in the last quarter. 73.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Churchill Downs, (CHDN) opened at 198.30 on Tuesday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 27.10 and a beta of 0.88. Churchill Downs, has a 12 month low of $131.70 and a 12 month high of $202.19. The company’s 50 day moving average price is $191.69 and its 200 day moving average price is $173.47.
About Churchill Downs,
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 six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.
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