Churchill Downs (CHDN) Expected to Announce Quarterly Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN) will likely be releasing its Q2 2025 earnings data after the market closes on Wednesday, July 23rd. Analysts expect Churchill Downs to post earnings of $3.05 per share and revenue of $924.36 million for the quarter.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company had revenue of $642.60 million during the quarter, compared to analyst estimates of $649.68 million. Churchill Downs had a net margin of 15.19% and a return on equity of 40.73%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.13 earnings per share. On average, analysts expect Churchill Downs to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Churchill Downs Trading Down 2.5%

CHDN opened at $104.20 on Wednesday. The stock has a market capitalization of $7.53 billion, a PE ratio of 18.54, a P/E/G ratio of 3.05 and a beta of 0.95. The firm’s fifty day moving average price is $98.94 and its 200 day moving average price is $108.84. The company has a debt-to-equity ratio of 4.49, a current ratio of 0.53 and a quick ratio of 0.53. Churchill Downs has a 12-month low of $85.58 and a 12-month high of $150.21.

Insider Transactions at Churchill Downs

In related news, Director Douglas C. Grissom bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $92.77 per share, for a total transaction of $927,700.00. Following the transaction, the director directly owned 38,869 shares of the company’s stock, valued at approximately $3,605,877.13. This represents a 34.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Alex Rankin acquired 2,000 shares of Churchill Downs stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $92.65 per share, with a total value of $185,300.00. Following the transaction, the director owned 99,012 shares in the company, valued at approximately $9,173,461.80. This represents a 2.06% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.34% of the company’s stock.

Hedge Funds Weigh In On Churchill Downs

Several large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its position in shares of Churchill Downs by 1,364.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after purchasing an additional 232 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Churchill Downs by 29.8% during the first quarter. AQR Capital Management LLC now owns 3,415 shares of the company’s stock valued at $373,000 after acquiring an additional 784 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Churchill Downs by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company’s stock valued at $25,080,000 after acquiring an additional 15,161 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Churchill Downs by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company’s stock valued at $53,675,000 after acquiring an additional 121,204 shares during the period. Institutional investors own 82.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CHDN. Macquarie cut their price target on shares of Churchill Downs from $172.00 to $154.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus increased their target price on shares of Churchill Downs from $130.00 to $133.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Mizuho dropped their target price on shares of Churchill Downs from $137.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, May 23rd. Wall Street Zen raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Finally, Barclays dropped their target price on shares of Churchill Downs from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $139.09.

About Churchill Downs

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.