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

Equities analysts expect Century Casinos, Inc. (NASDAQ:CNTY) to post $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Century Casinos’ earnings, with estimates ranging from $0.06 to $0.10. Century Casinos posted earnings per share of $0.11 during the same quarter last year, which suggests a negative year-over-year growth rate of 27.3%. The company is expected to announce its next quarterly earnings report on Friday, March 9th.

On average, analysts expect that Century Casinos will report full year earnings of $0.36 per share for the current financial year. For the next year, analysts forecast that the company will report earnings of $0.47 per share, with EPS estimates ranging from $0.42 to $0.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Century Casinos.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Monday, November 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.21. The firm had revenue of $41.05 million during the quarter, compared to the consensus estimate of $39.10 million. Century Casinos had a net margin of 9.53% and a return on equity of 9.75%.

A number of analysts have commented on the stock. BidaskClub upgraded shares of Century Casinos from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Stifel Nicolaus assumed coverage on shares of Century Casinos in a report on Wednesday. They issued a “buy” rating and a $13.00 price objective for the company. Zacks Investment Research downgraded shares of Century Casinos from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Roth Capital assumed coverage on shares of Century Casinos in a report on Wednesday, September 20th. They issued a “buy” rating and a $11.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.58.

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Century Casinos by 21.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock valued at $171,000 after buying an additional 4,044 shares during the period. Hancock Holding Co. purchased a new stake in shares of Century Casinos in the 2nd quarter valued at approximately $171,000. Rhumbline Advisers grew its stake in shares of Century Casinos by 39.5% in the 2nd quarter. Rhumbline Advisers now owns 23,414 shares of the company’s stock valued at $173,000 after buying an additional 6,625 shares during the period. Numeric Investors LLC purchased a new stake in shares of Century Casinos in the 2nd quarter valued at approximately $203,000. Finally, PDT Partners LLC purchased a new stake in shares of Century Casinos in the 2nd quarter valued at approximately $206,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Century Casinos (NASDAQ:CNTY) traded up $0.53 during mid-day trading on Wednesday, reaching $9.57. 132,523 shares of the company’s stock were exchanged, compared to its average volume of 193,024. The firm has a market cap of $234.20, a P/E ratio of 16.22 and a beta of -0.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 1.75. Century Casinos has a 12 month low of $6.28 and a 12 month high of $9.85.

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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).

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