Churchill Downs (CHDN) Releases Earnings Results, Misses Expectations By $-0.32 EPS

Churchill Downs (CHDN) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.16 earnings per share for the quarter, missing the analyst consensus estimate by $-0.32. Analysts had a consensus of $0.48. The company posted revenue of $288.40 million in the period, compared to analysts expectations of $274.20 million. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on Churchill Downs. Shares were Reiterated by Telsey Advisory Group on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 175 from a previous price target of $183 .

Churchill Downs closed down -1.86 points or -1.27% at $144.15 with 62,404 shares getting traded on Wednesday. Post opening the session at $145.68, the shares hit an intraday low of $141.6154 and an intraday high of $147 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 11, 2016, William C Carstanjen (Chief Executive Officer) sold 4,500 shares at $144.96 per share price. According to the SEC, on Mar 3, 2016, William E Mudd (President and CFO) sold 9,970 shares at $136.19 per share price.

Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing online account wagering on horseracing and casino gaming. The Company is the producers and distributors of online and mobile casual games. It operates in five segments: Racing Casinos TwinSpires Big Fish Games Inc. (Big Fish Games) and Other Investments. Its racing segment includes Churchill Downs Racetrack Arlington International Race Course Fair Grounds Race Course and Calder Race Course. Casinos segment includes Oxford Casino Riverwalk Casino Hotel and Harlow’s Casino Resort & Spa among others. The TwinSpires maintains computerized databases of pedigree and racing information for the thoroughbred horse industry. Big Fish Games develops casual games for Personal Computers (PCs) and mobile devices. Other Investments include Capital View Casino & Resort United Tote and Bluff Media.

Churchill Downs

Leave a Reply

Churchill Downs - Is it time to Sell?

Top Brokerage Firms are advising their investors on Churchill Downs. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.