Century Casinos, Inc. (CNTY) Expected to Post Earnings of $0.08 Per Share

Brokerages expect Century Casinos, Inc. (NASDAQ:CNTY) to announce $0.08 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Century Casinos’ earnings. The highest EPS estimate is $0.10 and the lowest is $0.06. Century Casinos posted earnings per share of $0.11 in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The company is expected to announce its next 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 year. For the next year, analysts expect that the company will post earnings of $0.47 per share, with EPS estimates ranging from $0.42 to $0.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover 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, beating the Zacks’ consensus estimate of $0.10 by $0.21. The company had revenue of $41.05 million for the quarter, compared to the consensus estimate of $39.10 million. Century Casinos had a return on equity of 9.75% and a net margin of 9.53%.

Several brokerages recently commented on CNTY. Zacks Investment Research raised 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. Roth Capital began coverage on Century Casinos in a research note on Wednesday, September 20th. They set a “buy” rating and a $11.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $9.77.

Century Casinos (NASDAQ:CNTY) traded down $0.03 during mid-day trading on Thursday, hitting $8.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.75 and a quick ratio of 1.73. The stock has a market cap of $216.58, a P/E ratio of 15.26 and a beta of -0.21. Century Casinos has a 1-year low of $6.28 and a 1-year high of $9.50.

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in Century Casinos by 34.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,821 shares of the company’s stock worth $157,000 after buying an additional 5,304 shares during the period. Hancock Holding Co. acquired a new stake in Century Casinos during the 2nd quarter worth $171,000. The Manufacturers Life Insurance Company raised its stake in 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 buying an additional 4,044 shares during the period. Rhumbline Advisers raised its stake in 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 buying an additional 6,625 shares during the period. Finally, Numeric Investors LLC acquired a new stake in Century Casinos during the 2nd quarter worth $203,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

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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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