Churchill Downs (NASDAQ:CHDN – Get Free Report) announced its earnings results on Wednesday. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01, Briefing.com reports. The firm had revenue of $628.50 million for the quarter, compared to the consensus estimate of $627.90 million. Churchill Downs had a net margin of 15.61% and a return on equity of 47.53%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS.
Churchill Downs Trading Up 4.5 %
NASDAQ CHDN opened at $140.14 on Friday. The firm’s fifty day moving average price is $137.75 and its 200 day moving average price is $135.71. Churchill Downs has a 12 month low of $106.45 and a 12 month high of $146.64. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97.
Churchill Downs Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a dividend of $0.409 per share. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, December 6th. This is an increase from Churchill Downs’s previous annual dividend of $0.38. Churchill Downs’s payout ratio is currently 8.46%.
Analyst Ratings Changes
Read Our Latest Research Report on Churchill Downs
Churchill Downs Company Profile
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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