Century Casinos, Inc. (CNTY) Expected to Post Quarterly Sales of $42.05 Million
Analysts predict that Century Casinos, Inc. (NASDAQ:CNTY) will announce $42.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Century Casinos’ earnings, with the lowest sales estimate coming in at $41.40 million and the highest estimate coming in at $42.70 million. Century Casinos reported sales of $39.29 million during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The business is scheduled to report its next quarterly earnings report on Friday, March 8th.
According to Zacks, analysts expect that Century Casinos will report full year sales of $164.40 million for the current financial year, with estimates ranging from $163.70 million to $165.10 million. For the next fiscal year, analysts expect that the firm will post sales of $196.40 million, with estimates ranging from $191.90 million to $200.90 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Century Casinos.
Century Casinos (NASDAQ:CNTY) last posted its earnings results on Wednesday, November 7th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $43.56 million during the quarter, compared to the consensus estimate of $42.05 million. Century Casinos had a positive return on equity of 1.63% and a negative net margin of 1.50%.
A number of hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its stake in Century Casinos by 16.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 81,348 shares of the company’s stock worth $607,000 after purchasing an additional 11,500 shares during the period. Stifel Financial Corp increased its stake in Century Casinos by 88.7% in the first quarter. Stifel Financial Corp now owns 24,876 shares of the company’s stock worth $187,000 after purchasing an additional 11,690 shares during the period. JPMorgan Chase & Co. increased its stake in Century Casinos by 80.8% in the first quarter. JPMorgan Chase & Co. now owns 35,147 shares of the company’s stock worth $262,000 after purchasing an additional 15,709 shares during the period. Allianz Asset Management GmbH increased its stake in Century Casinos by 5.4% in the first quarter. Allianz Asset Management GmbH now owns 358,917 shares of the company’s stock worth $2,678,000 after purchasing an additional 18,296 shares during the period. Finally, Monarch Partners Asset Management LLC increased its stake in Century Casinos by 37.3% in the third quarter. Monarch Partners Asset Management LLC now owns 91,388 shares of the company’s stock worth $682,000 after purchasing an additional 24,848 shares during the period. Institutional investors and hedge funds own 79.93% of the company’s stock.
CNTY traded up $0.06 during trading on Wednesday, reaching $7.01. The company had a trading volume of 155,546 shares, compared to its average volume of 137,800. The company has a market cap of $204.62 million, a PE ratio of 15.58, a P/E/G ratio of 1.64 and a beta of 0.42. Century Casinos has a 52 week low of $5.77 and a 52 week high of $9.85. The company has a quick ratio of 1.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.25.
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 and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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