Analysts Anticipate Century Casinos Inc. (NASDAQ:CNTY) to Announce $0.09 Earnings Per Share
Shares of Century Casinos Inc. (NASDAQ:CNTY) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $7.50 for the company and are forecasting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Century Casinos an industry rank of 155 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Century Casinos from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its stake in Century Casinos by 971.1% in the second quarter. BlackRock Fund Advisors now owns 556,546 shares of the company’s stock worth $3,467,000 after buying an additional 504,585 shares during the period. Wellington Management Group LLP boosted its stake in Century Casinos by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,238,387 shares of the company’s stock worth $13,788,000 after buying an additional 311,600 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Century Casinos by 18.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,473,750 shares of the company’s stock worth $9,181,000 after buying an additional 229,631 shares during the period. Acadian Asset Management LLC boosted its stake in Century Casinos by 895.4% in the first quarter. Acadian Asset Management LLC now owns 224,616 shares of the company’s stock worth $1,385,000 after buying an additional 202,051 shares during the period. Finally, State Street Corp purchased a new stake in Century Casinos during the second quarter worth $1,110,000. 74.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Century Casinos (NASDAQ:CNTY) opened at 6.91 on Wednesday. Century Casinos has a one year low of $5.34 and a one year high of $7.84. The stock has a market cap of $168.84 million, a P/E ratio of 22.29 and a beta of -0.18. The firm has a 50 day moving average of $6.52 and a 200 day moving average of $6.19.
Century Casinos (NASDAQ:CNTY) last issued its earnings results on Friday, August 5th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.04. The business had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.44 million. Century Casinos had a return on equity of 5.95% and a net margin of 5.68%. On average, equities research analysts predict that Century Casinos will post $0.36 EPS for the current fiscal year.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Century Casinos Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Casinos Inc. and related companies with MarketBeat.com's FREE daily email newsletter.