Churchill Downs, Inc. [CHDN] stock prices are down -0.03% to $123.87 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CHDN shares have gain 5.29% over the last week, with a monthly amount glided 3.55%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, Churchill Downs Incorporated 2024 First Quarter Financial Results Conference Call Invitation. In a post published today on Yahoo Finance, Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release first quarter 2024 financial results after the market closes on Wednesday, April 24, 2024, and host a related conference call to discuss the quarter on Thursday, April 25, 2024, at 9 a.m. ET.
From an analyst’s perspective:
Churchill Downs, Inc. [NASDAQ: CHDN] stock has seen the most recent analyst activity on March 26, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $142. Previously, Wells Fargo downgraded its rating to Equal Weight on January 05, 2024, and elevated its price target to $137. On October 12, 2023, CapitalOne initiated with a Overweight rating and assigned a price target of $144 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $148 on October 03, 2023. Truist initiated its recommendation with a Buy and recommended $300 as its price target on March 17, 2023. JMP Securities started tracking with a Mkt Outperform rating for this stock on January 17, 2023, and assigned it a price target of $273.
The stock price of Churchill Downs, Inc. [CHDN] has been fluctuating between $106.45 and $150.45 over the past year. Currently, Wall Street analysts expect the stock to reach $107.19 within the next 12 months. Churchill Downs, Inc. [NASDAQ: CHDN] shares were valued at $123.87 at the most recent close of the market. An investor can expect a potential drop of -13.47% based on the average CHDN price forecast.
Analyzing the CHDN fundamentals
The Churchill Downs, Inc. [NASDAQ:CHDN] reported sales of 2.46B for trailing twelve months, representing a surge of 16.89%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.5 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 122.13 points at the first support level, and at 120.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.97, and for the 2nd resistance point, it is at 126.06.
Churchill Downs, Inc. [CHDN] reported earnings per share of $0.86 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.74/share, meaning a difference of $0.12 and a surprise factor of 16.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.87 per share as compared to estimates of $0.86 per share, a difference of $0.01 representing a surprise of 1.20%.
Ratios To Look Out For
It’s worth pointing out that Churchill Downs, Inc. [NASDAQ:CHDN]’s Current Ratio is 0.53. On the other hand, the Quick Ratio is 0.53, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 3.71, the price to book ratio is 10.33 and price to earnings (TTM) ratio is 22.71.
