Churchill Downs (NASDAQ:CHDN) posted its quarterly earnings results on Wednesday. The company reported $2.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.84 by ($0.01), Briefing.com reports. The company had revenue of $477.40 million for the quarter, compared to analyst estimates of $469.85 million. Churchill Downs had a return on equity of 33.97% and a net margin of 16.81%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned $7.71 EPS.
Shares of NASDAQ:CHDN traded down $5.88 during trading on Friday, hitting $120.35. 374,846 shares of the company were exchanged, compared to its average volume of 202,310. The stock has a market capitalization of $4.84 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. Churchill Downs has a fifty-two week low of $74.58 and a fifty-two week high of $132.73. The firm has a fifty day simple moving average of $116.86. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.22.
In related news, SVP Austin W. Miller sold 5,900 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $117.31, for a total transaction of $692,129.00. Following the transaction, the senior vice president now directly owns 40,494 shares of the company’s stock, valued at approximately $4,750,351.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.05% of the stock is owned by insiders.
About Churchill Downs
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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