Century Casinos, Inc. (CNTY) Expected to Announce Quarterly Sales of $39.10 Million
Equities analysts forecast that Century Casinos, Inc. (NASDAQ:CNTY) will announce sales of $39.10 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Century Casinos’ earnings, with estimates ranging from $38.40 million to $39.80 million. Century Casinos posted sales of $34.53 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.2%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Century Casinos will report full-year sales of $39.10 million for the current fiscal year, with estimates ranging from $151.60 million to $154.40 million. For the next financial year, analysts anticipate that the business will report sales of $163.05 million per share, with estimates ranging from $162.70 million to $163.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Century Casinos.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $37.33 million during the quarter, compared to the consensus estimate of $38.10 million. Century Casinos had a net margin of 5.98% and a return on equity of 6.07%.
Several analysts have weighed in on CNTY shares. Zacks Investment Research downgraded Century Casinos from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Roth Capital started coverage on Century Casinos in a research report on Wednesday, September 20th. They issued a “buy” rating and a $11.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Century Casinos presently has an average rating of “Hold” and a consensus price target of $10.15.
A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in Century Casinos by 21.1% in the second quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock valued at $171,000 after purchasing an additional 4,044 shares during the last quarter. State Street Corp lifted its position in Century Casinos by 11.3% in the second quarter. State Street Corp now owns 293,484 shares of the company’s stock valued at $2,164,000 after purchasing an additional 29,844 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in Century Casinos by 154.2% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 62,372 shares of the company’s stock valued at $458,000 after purchasing an additional 37,833 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Century Casinos by 69.1% in the second quarter. Goldman Sachs Group Inc. now owns 35,218 shares of the company’s stock valued at $260,000 after purchasing an additional 14,397 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Century Casinos in the second quarter valued at approximately $206,000. Hedge funds and other institutional investors own 73.59% of the company’s stock.
Shares of Century Casinos (NASDAQ CNTY) traded down 0.25% on Friday, reaching $8.00. 4,626 shares of the company were exchanged. The firm has a market capitalization of $195.74 million, a PE ratio of 22.86 and a beta of -0.27. Century Casinos has a 12-month low of $6.00 and a 12-month high of $8.89. The stock’s 50-day moving average is $7.39 and its 200 day moving average is $7.56.
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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