Churchill Downs (NASDAQ:CHDN – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01, Briefing.com reports. The firm had revenue of $628.50 million during the quarter, compared to analysts’ expectations of $627.90 million. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share.
Churchill Downs Trading Up 4.5 %
CHDN opened at $140.14 on Friday. Churchill Downs has a 52 week low of $106.45 and a 52 week high of $146.64. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.65. The business has a fifty day simple moving average of $137.75 and a 200-day simple moving average of $135.71. The firm has a market cap of $10.30 billion, a P/E ratio of 31.21, a P/E/G ratio of 2.06 and a beta of 0.97.
Churchill Downs Increases Dividend
The company also recently announced an annual dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a $0.409 dividend. This is a positive change from Churchill Downs’s previous annual dividend of $0.38. The ex-dividend date is Friday, December 6th. This represents a yield of 0.29%. Churchill Downs’s payout ratio is presently 8.46%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Churchill Downs
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.
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