Press coverage about Churchill Downs, (NASDAQ:CHDN) has trended positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Churchill Downs, earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.315754414562 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Edited Transcript of CHDN earnings conference call or presentation 2-Nov-17 1:00pm GMT (finance.yahoo.com)
- Churchill Downs CEO says company will ‘continue to aggressively invest’ in Derby (bizjournals.com)
- Churchill Downs Incorporated to Host Earnings Call (finance.yahoo.com)
- Churchill Downs, Incorporated (CHDN) Announces Earnings Results (americanbankingnews.com)
- Churchill Downs beats 3Q profit forecasts (finance.yahoo.com)
Churchill Downs, (NASDAQ:CHDN) last issued its earnings results on Wednesday, November 1st. The company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.18. The business had revenue of $314.80 million during the quarter, compared to analysts’ expectations of $308.43 million. Churchill Downs, had a return on equity of 17.27% and a net margin of 9.75%. Churchill Downs,’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share.
The firm also recently announced an annual dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 1st will be given a $1.52 dividend. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Churchill Downs,’s previous annual dividend of $1.32. Churchill Downs,’s dividend payout ratio (DPR) is 16.65%.
Several analysts have recently issued reports on CHDN shares. Zacks Investment Research upgraded Churchill Downs, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered Churchill Downs, from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Imperial Capital upped their target price on Churchill Downs, from $184.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Telsey Advisory Group upped their target price on Churchill Downs, from $180.00 to $182.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $210.67.
In other news, Director Robert L. Evans sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $195.00, for a total value of $975,000.00. Following the completion of the sale, the director now owns 95,878 shares of the company’s stock, valued at $18,696,210. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 18.44% of the company’s stock.
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 six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.
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