Churchill Downs (CHDN) to Release Earnings on Monday

Churchill Downs (NASDAQ:CHDN) will be issuing its quarterly earnings data after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of $0.77 per share for the quarter.

Churchill Downs (CHDN) opened at $263.55 on Monday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.57 and a current ratio of 0.57. Churchill Downs has a 52 week low of $141.80 and a 52 week high of $264.30. The firm has a market capitalization of $4,061.31, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05.

Churchill Downs declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

CHDN has been the topic of several recent analyst reports. Zacks Investment Research upgraded Churchill Downs from a “hold” rating to a “buy” rating and set a $239.00 price objective on the stock in a research note on Wednesday, November 8th. BidaskClub cut Churchill Downs from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Jefferies Group initiated coverage on Churchill Downs in a research note on Thursday, January 18th. They set a “hold” rating and a $261.00 price objective on the stock. Two investment 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 currently has an average rating of “Buy” and a consensus target price of $240.25.

In other Churchill Downs news, Director Robert L. Evans sold 32,866 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $265.00, for a total transaction of $8,709,490.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.44% of the stock is currently owned by company insiders.

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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.

Earnings History for Churchill Downs (NASDAQ:CHDN)

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