Analysts Expect Century Casinos, Inc. (CNTY) Will Post Earnings of $0.08 Per Share

Wall Street brokerages expect that Century Casinos, Inc. (NASDAQ:CNTY) will post earnings per share (EPS) of $0.08 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Century Casinos’ earnings, with estimates ranging from $0.06 to $0.10. Century Casinos posted earnings of $0.11 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 27.3%. The business is expected to issue its next quarterly earnings results on Friday, March 9th.

According to Zacks, analysts expect that Century Casinos will report full year earnings of $0.36 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $0.47 per share, with EPS estimates ranging from $0.42 to $0.52. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Century Casinos.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.21. The firm 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%.

CNTY has been the subject of a number of recent research reports. Zacks Investment Research cut Century Casinos from a “strong-buy” rating to a “hold” rating in a report on Friday, December 1st. Roth Capital assumed coverage on Century Casinos in a report on Wednesday, September 20th. They issued a “buy” rating and a $11.00 price target on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $9.77.

A number of hedge funds have recently modified their holdings of CNTY. Goldman Sachs Group Inc. lifted its stake in shares of Century Casinos by 34.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,821 shares of the company’s stock valued at $157,000 after acquiring an additional 5,304 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Century Casinos by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock worth $171,000 after acquiring an additional 4,044 shares during the period. Hancock Holding Co. purchased a new position in shares of Century Casinos during the 2nd quarter worth approximately $171,000. Rhumbline Advisers grew its holdings in shares of Century Casinos by 39.5% during the 2nd quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock worth $173,000 after acquiring an additional 6,625 shares during the period. Finally, Numeric Investors LLC purchased a new position in shares of Century Casinos during the 2nd quarter worth approximately $203,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Century Casinos (NASDAQ CNTY) traded down $0.22 during trading hours on Thursday, hitting $8.62. The stock had a trading volume of 136,700 shares, compared to its average volume of 88,625. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. Century Casinos has a 1 year low of $6.28 and a 1 year high of $9.50. The company has a market cap of $216.58, a P/E ratio of 15.24 and a beta of -0.21.

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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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Earnings History and Estimates for Century Casinos (NASDAQ:CNTY)

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