Canterbury Park (NASDAQ:CPHC) Issues Earnings Results

Canterbury Park (NASDAQ:CPHC) issued its quarterly earnings data on Tuesday. The company reported $0.18 EPS for the quarter, Zacks reports. Canterbury Park had a return on equity of 0.14% and a net margin of 0.20%.

Canterbury Park Stock Performance

Shares of CPHC traded down $0.30 during mid-day trading on Tuesday, reaching $15.50. 1,382 shares of the company’s stock traded hands, compared to its average volume of 1,805. The business’s 50-day moving average price is $15.75 and its 200-day moving average price is $15.69. The stock has a market capitalization of $80.29 million, a P/E ratio of 775.00 and a beta of -0.40. Canterbury Park has a 12 month low of $14.39 and a 12 month high of $16.84.

Canterbury Park Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were paid a $0.07 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Canterbury Park’s dividend payout ratio (DPR) is presently 1,400.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Canterbury Park from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Canterbury Park presently has a consensus rating of “Sell”.

About Canterbury Park

Canterbury Park Holding Corporation owns and operates Canterbury Park, a horse racing and entertainment facility in Shakopee, Minnesota, serving the Minneapolis–Saint Paul metropolitan area. The property hosts live Thoroughbred and Quarter Horse racing during its seasonal race meet and offers year-round pari-mutuel wagering on races held at tracks elsewhere. In addition to racing, Canterbury Park operates a card casino offering poker and other authorized card games. Its broader entertainment activities include dining, special events, concerts, corporate gatherings and other hospitality services.