Equities research analysts expect Century Casinos, Inc. (NASDAQ:CNTY) to post earnings per share of $0.05 for the current quarter, Zacks reports. Two analysts have made estimates for Century Casinos’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.05. Century Casinos reported earnings per share of $0.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The company is expected to announce its next quarterly earnings report on Monday, March 9th.
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According to Zacks, analysts expect that Century Casinos will report full-year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.07 to $0.08. For the next year, analysts forecast that the business will report earnings of $0.83 per share, with EPS estimates ranging from $0.81 to $0.84. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Century Casinos.
Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). Century Casinos had a net margin of 0.76% and a return on equity of 0.87%. The firm had revenue of $52.94 million during the quarter, compared to analyst estimates of $53.65 million.
A number of analysts have recently commented on the company. ValuEngine downgraded Century Casinos from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded Century Casinos from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Union Gaming Research upgraded Century Casinos from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. TheStreet downgraded Century Casinos from a “b-” rating to a “c+” rating in a research note on Wednesday, August 21st. Finally, Zacks Investment Research downgraded Century Casinos from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Century Casinos currently has a consensus rating of “Hold” and an average target price of $10.63.
Shares of CNTY opened at $7.70 on Wednesday. Century Casinos has a 52 week low of $6.45 and a 52 week high of $10.41. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $230.29 million, a price-to-earnings ratio of 70.00, a PEG ratio of 2.32 and a beta of 0.82. The stock’s 50-day moving average price is $7.65 and its 200-day moving average price is $8.65.
In other Century Casinos news, VP Timothy Allen Wright sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $8.99, for a total transaction of $44,950.00. Following the transaction, the vice president now owns 5,000 shares in the company, valued at $44,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dinah Corbaci sold 14,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $8.56, for a total value of $119,840.00. Following the transaction, the director now owns 21,300 shares in the company, valued at approximately $182,328. The disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of CNTY. Metropolitan Life Insurance Co NY purchased a new position in Century Casinos during the first quarter worth approximately $86,000. WINTON GROUP Ltd boosted its position in Century Casinos by 66.0% during the second quarter. WINTON GROUP Ltd now owns 24,262 shares of the company’s stock worth $235,000 after purchasing an additional 9,646 shares in the last quarter. Strs Ohio boosted its position in Century Casinos by 176.2% during the second quarter. Strs Ohio now owns 35,900 shares of the company’s stock worth $348,000 after purchasing an additional 22,900 shares in the last quarter. Janus Henderson Group PLC boosted its position in Century Casinos by 137.4% during the second quarter. Janus Henderson Group PLC now owns 1,279,031 shares of the company’s stock worth $12,407,000 after purchasing an additional 740,226 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in Century Casinos by 64.8% during the second quarter. Rice Hall James & Associates LLC now owns 1,856,776 shares of the company’s stock worth $18,011,000 after purchasing an additional 729,755 shares in the last quarter. Institutional investors own 80.85% of the company’s stock.
About Century Casinos
Century Casinos, Inc operates as a casino entertainment company worldwide. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. It owns and operates casinos in North America, England, and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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