Churchill Downs (CHDN) Receives Daily Coverage Optimism Score of 0.22

News headlines about Churchill Downs (NASDAQ:CHDN) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Churchill Downs earned a news impact score of 0.22 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.9116192719437 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several brokerages recently weighed in on CHDN. Telsey Advisory Group increased their target price on Churchill Downs from $196.00 to $209.00 and gave the stock a “market perform” rating in a research report on Thursday, October 12th. BidaskClub raised Churchill Downs from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Zacks Investment Research lowered Churchill Downs from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th.

Churchill Downs (CHDN) traded down $0.80 during trading hours on Friday, reaching $226.95. The company’s stock had a trading volume of 24,742 shares, compared to its average volume of 95,933. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.77. Churchill Downs has a one year low of $141.00 and a one year high of $237.82. The stock has a market capitalization of $3,513.19, a price-to-earnings ratio of 28.62 and a beta of 0.92.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.90 by $0.18. Churchill Downs had a return on equity of 17.48% and a net margin of 9.75%. The company had revenue of $314.80 million for the quarter, compared to analyst estimates of $308.43 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. research analysts predict that Churchill Downs will post 6.95 EPS for the current fiscal year.

Churchill Downs declared that its board has approved a stock repurchase plan on Wednesday, November 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed an annual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 1st will be given a $1.52 dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from Churchill Downs’s previous annual dividend of $1.32. This represents a yield of 0.73%. Churchill Downs’s dividend payout ratio (DPR) is 19.17%.

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About Churchill Downs

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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