In the latest session, Churchill Downs, Inc. (NASDAQ: CHDN) closed at $112.07 down -3.76% from its previous closing price of $116.45. In other words, the price has decreased by -$4.38 from its previous closing price. On the day, 602866 shares were traded.
Ratios:
For a deeper understanding of Churchill Downs, Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.53. In the meantime, Its Debt-to-Equity ratio is 5.48 whereas as Long-Term Debt/Eq ratio is at 5.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on January 05, 2024, Downgraded its rating to Equal Weight and sets its target price to $137 from $135 previously.
On October 12, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $144.
On October 03, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $148.Stifel initiated its Buy rating on October 03, 2023, with a $148 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHDN now has a Market Capitalization of 8.26B and an Enterprise Value of 12.95B. As of this moment, Churchill’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.55, and their Forward P/E ratio for the next fiscal year is 15.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 9.34. Its current Enterprise Value per Revenue stands at 5.26 whereas that against EBITDA is 12.88.
Stock Price History:
Over the past 52 weeks, CHDN has reached a high of $150.45, while it has fallen to a 52-week low of $106.45. The 50-Day Moving Average of the stock is 124.23, while the 200-Day Moving Average is calculated to be 124.08.
Shares Statistics:
For the past three months, CHDN has traded an average of 294.61K shares per day and 378.84k over the past ten days. A total of 74.50M shares are outstanding, with a floating share count of 66.62M. Insiders hold about 9.58% of the company’s shares, while institutions hold 78.51% stake in the company. Shares short for CHDN as of Feb 15, 2024 were 2.02M with a Short Ratio of 6.85, compared to 2.06M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.74% and a Short% of Float of 3.54%.
Dividends & Splits
According to the company, the forward annual dividend rate for CHDN is 0.38, from 0.38 in the trailing year. Against a Trailing Annual Dividend Yield of 0.33%, it implies a Forward Annual Dividend Yield of 0.33%. The stock’s 5-year Average Dividend Yield is 0.35. The current Payout Ratio is 6.97% for CHDN, which recently paid a dividend on Jan 05, 2024 with an ex-dividend date of Nov 30, 2023. Stock splits for the company last occurred on Jan 28, 2019 when the company split stock in a 3:1 ratio.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.81 for the current quarter, with a high estimate of $0.83 and a low estimate of $0.79, while EPS last year was $0.98. The consensus estimate for the next quarter is $2.67, with high estimates of $2.8 and low estimates of $2.61.
Analysts are recommending an EPS of between $5.99 and $5.45 for the fiscal current year, implying an average EPS of $5.7. EPS for the following year is $7.53, with 4 analysts recommending between $7.97 and $7.12.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $564.57M this quarter.It ranges from a high estimate of $593M to a low estimate of $547.08M. As of the current estimate, Churchill Downs, Inc.’s year-ago sales were $559.5M, an estimated increase of 0.90% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $845.44M, an increase of 10.00% over than the figure of $0.90% in the same quarter last year. There is a high estimate of $882M for the next quarter, whereas the lowest estimate is $821.76M.
A total of 9 analysts have provided revenue estimates for CHDN’s current fiscal year. The highest revenue estimate was $2.82B, while the lowest revenue estimate was $2.63B, resulting in an average revenue estimate of $2.71B. In the same quarter a year ago, actual revenue was $2.46B, up 10.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $3.06B in the next fiscal year. The high estimate is $3.4B and the low estimate is $2.93B. The average revenue growth estimate for next year is up 13.20% from the average revenue estimate for this year.
