Zacks: Century Casinos, Inc. (CNTY) Receives Average Recommendation of “Strong Buy” from Brokerages
Shares of Century Casinos, Inc. (NASDAQ:CNTY) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price objective of $10.50 for the company and are anticipating that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Century Casinos an industry rank of 23 out of 265 based on the ratings given to related companies.
A number of analysts recently commented on CNTY shares. Zacks Investment Research lowered Century Casinos from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Roth Capital initiated coverage on Century Casinos in a research report on Wednesday, September 20th. They set a “buy” rating and a $11.00 price objective for the company.
Shares of Century Casinos (CNTY) traded down $0.05 during trading on Friday, hitting $9.00. 62,900 shares of the stock traded hands, compared to its average volume of 70,197. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.75 and a quick ratio of 1.73. Century Casinos has a 1 year low of $6.28 and a 1 year high of $9.50. The company has a market capitalization of $221.23, a PE ratio of 15.52 and a beta of -0.22.
Century Casinos (NASDAQ:CNTY) last issued its earnings results on Monday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.21. Century Casinos had a net margin of 9.53% and a return on equity of 9.75%. The firm had revenue of $41.05 million for the quarter, compared to analysts’ expectations of $39.10 million. analysts forecast that Century Casinos will post 0.37 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Century Casinos by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 861,545 shares of the company’s stock valued at $6,349,000 after purchasing an additional 22,545 shares during the period. Renaissance Technologies LLC lifted its position in shares of Century Casinos by 8.0% during the 1st quarter. Renaissance Technologies LLC now owns 658,200 shares of the company’s stock valued at $4,976,000 after buying an additional 48,800 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Century Casinos by 7.0% during the 2nd quarter. New York State Common Retirement Fund now owns 404,934 shares of the company’s stock valued at $2,984,000 after buying an additional 26,338 shares in the last quarter. Foundry Partners LLC lifted its position in shares of Century Casinos by 36.9% during the 3rd quarter. Foundry Partners LLC now owns 309,380 shares of the company’s stock valued at $2,540,000 after buying an additional 83,325 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Century Casinos by 11.3% during the 2nd quarter. State Street Corp now owns 293,484 shares of the company’s stock valued at $2,164,000 after buying an additional 29,844 shares in the last quarter. Institutional investors and hedge funds own 74.04% of the company’s stock.
Century Casinos Company Profile
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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