Wall Street brokerages expect Century Casinos, Inc. (NASDAQ:CNTY) to announce earnings of $0.05 per share for the current quarter, according to Zacks. Three analysts have made estimates for Century Casinos’ earnings. Century Casinos reported earnings of $0.09 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 44.4%. The firm is expected to report its next earnings report on Friday, May 4th.
On average, analysts expect that Century Casinos will report full-year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.40. For the next financial year, analysts expect that the company will post earnings of $0.68 per share, with EPS estimates ranging from $0.63 to $0.72. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Century Casinos.
Century Casinos (NASDAQ:CNTY) last released its earnings results on Friday, March 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.05). Century Casinos had a return on equity of 7.35% and a net margin of 4.06%. The firm had revenue of $39.29 million during the quarter, compared to analysts’ expectations of $39.83 million.
A number of research firms have issued reports on CNTY. BidaskClub raised Century Casinos from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus began coverage on Century Casinos in a research report on Wednesday, January 10th. They issued a “buy” rating and a $13.00 target price for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.00.
Shares of Century Casinos stock opened at $7.75 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.45 and a quick ratio of 2.43. Century Casinos has a 52-week low of $6.28 and a 52-week high of $9.85. The stock has a market capitalization of $226.97, a price-to-earnings ratio of 16.10 and a beta of -0.06.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Century Casinos by 7.2% in the fourth quarter. BlackRock Inc. now owns 2,227,031 shares of the company’s stock worth $20,332,000 after acquiring an additional 149,428 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Century Casinos by 5.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,351,684 shares of the company’s stock worth $12,341,000 after acquiring an additional 64,649 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Century Casinos by 2.7% in the second quarter. Vanguard Group Inc. now owns 861,545 shares of the company’s stock worth $6,349,000 after acquiring an additional 22,545 shares during the period. Driehaus Capital Management LLC bought a new position in shares of Century Casinos in the fourth quarter worth $6,294,000. Finally, AWM Investment Company Inc. bought a new position in shares of Century Casinos in the fourth quarter worth $6,163,000. 76.40% of the stock is owned by hedge funds and other institutional investors.
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About Century Casinos
Century Casinos, Inc is an international casino entertainment company. The Company develops and operates gaming establishments, as well as related lodging, restaurant and entertainment facilities around the world. Its segments include Canada, the United States, Poland, and Corporate and Other. The Canada segment consists of Century Casino & Hotel-Edmonton; Century Casino Calgary; Century Downs Racetrack and Casino, and Century Bets! Inc (Century Bets).
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