Century Casinos, Inc. (CNTY) Expected to Post Earnings of $0.07 Per Share
Brokerages expect that Century Casinos, Inc. (NASDAQ:CNTY) will report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Century Casinos’ earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.10. Century Casinos reported earnings per share of $0.11 in the same quarter last year, which would suggest a negative year-over-year growth rate of 36.4%. The business is expected to report its next quarterly earnings results on Friday, March 9th.
According to Zacks, analysts expect that Century Casinos will report full year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.56. For the next year, analysts anticipate that the business will post earnings of $0.45 per share, with EPS estimates ranging from $0.40 to $0.52. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Century Casinos.
Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.21. The business had revenue of $41.05 million for the quarter, compared to analyst estimates of $39.10 million. Century Casinos had a return on equity of 9.75% and a net margin of 9.53%.
A number of research firms have recently commented on CNTY. Stifel Nicolaus began coverage on Century Casinos in a research note on Wednesday. They issued a “buy” rating and a $13.00 price objective on the stock. BidaskClub upgraded Century Casinos from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded Century Casinos from a “hold” rating to a “strong-buy” rating and set a $9.00 price objective on the stock in a research note on Monday, November 20th. Finally, Roth Capital initiated coverage on Century Casinos in a research note on Wednesday, September 20th. They issued a “buy” rating and a $11.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.58.
A number of hedge funds have recently added to or reduced their stakes in CNTY. Hancock Holding Co. acquired a new stake in Century Casinos during the second quarter worth about $171,000. The Manufacturers Life Insurance Company grew its position in Century Casinos by 21.1% during the second quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock worth $171,000 after buying an additional 4,044 shares in the last quarter. Rhumbline Advisers grew its position in Century Casinos by 39.5% during the second quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock worth $173,000 after buying an additional 6,625 shares in the last quarter. Numeric Investors LLC acquired a new stake in Century Casinos during the second quarter worth about $203,000. Finally, PDT Partners LLC acquired a new stake in Century Casinos during the second quarter worth about $206,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.
Century Casinos (NASDAQ:CNTY) traded down $0.17 during trading on Wednesday, hitting $9.50. The stock had a trading volume of 121,970 shares, compared to its average volume of 145,202. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $277.74, a price-to-earnings ratio of 16.38 and a beta of -0.20. Century Casinos has a twelve month low of $6.28 and a twelve month high of $9.85.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Casinos and related companies with MarketBeat.com's FREE daily email newsletter.