Canterbury Park (NASDAQ:CPHC) Issues Quarterly Earnings Results

Canterbury Park (NASDAQ:CPHC) posted its quarterly earnings data on Tuesday. The company reported $0.18 earnings per share 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 Down 1.9%

NASDAQ CPHC opened at $15.50 on Wednesday. The stock has a market capitalization of $80.29 million, a P/E ratio of 790.00 and a beta of -0.40. Canterbury Park has a 52-week low of $14.39 and a 52-week high of $16.84. The firm has a 50-day moving average price of $15.74 and a 200 day moving average price of $15.69.

Canterbury Park Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Canterbury Park from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Canterbury Park has an average 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.