The company reported first-quarter earnings on Monday of $1.35 million, or 8 cents a share, a reversal from a year-earlier loss of $3.19 million, or 19 cents a share.Shares of Churchill Downs hit a 52-week high on Tuesday of $61.90. The stock's 52-week low of $36.67 was set on Sept. 30. Churchill Downs' shares forward P/E is 18.3X; the average for gambling companies is 13.7X. For comparison, Bally Technologies (BYI) has a lower forward P/E of 15X. Analyst comment: "CHDN remains very compelling, in our view," Brean Murray said in a mid-March report. "CHDN trades at a 2012 EV/EBITDA
Post Properties The real estate investment trust reported first-quarter earnings Monday of $20.9 million, or 39 cents a share, a reversal from a year-earlier loss of $0.4 million, or a penny a share. Shares of Post Properties hit a 52-week high Tuesday of $49.89. The stock's 52-week low of $32.18 was set on Oct. 4. Post Properties' shares trade at a forward P/E of 44.8X; the average for residential REITs is 48.1X. For comparison, AvalonBay (AVB) shares trade at a higher forward P/E of 45.3X. Ten of the 19 analysts who cover Post rate it at buy. Eight analysts give the stock a hold rating and one rates it at sell. The stock has risen 13.2% year to date. -- Written by Alexandra Zendrian in New York.
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