Wall Street analysts expect Century Casinos, Inc. (NASDAQ:CNTY) to report $42.75 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Century Casinos’ earnings, with the highest sales estimate coming in at $43.40 million and the lowest estimate coming in at $42.10 million. Century Casinos reported sales of $41.05 million in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The business is scheduled to report its next quarterly earnings results on Monday, November 5th.
On average, analysts expect that Century Casinos will report full-year sales of $165.80 million for the current fiscal year, with estimates ranging from $164.70 million to $166.90 million. For the next fiscal year, analysts forecast that the business will post sales of $194.85 million, with estimates ranging from $192.50 million to $197.20 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Century Casinos.
Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Century Casinos had a return on equity of 5.01% and a net margin of 2.20%. The business had revenue of $39.65 million during the quarter, compared to analyst estimates of $38.55 million.
Several analysts have weighed in on CNTY shares. Stifel Nicolaus lifted their price objective on shares of Century Casinos from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. BidaskClub cut shares of Century Casinos from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. ValuEngine upgraded shares of Century Casinos from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Zacks Investment Research cut shares of Century Casinos from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Finally, TheStreet cut shares of Century Casinos from a “b” rating to a “c” rating in a research note on Friday, August 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $11.00.
Shares of Century Casinos stock opened at $7.42 on Thursday. Century Casinos has a twelve month low of $7.25 and a twelve month 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. The stock has a market capitalization of $220.49 million, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 1.18 and a beta of 0.21.
Several large investors have recently modified their holdings of the company. Northern Trust Corp raised its position in shares of Century Casinos by 13.2% in the 2nd quarter. Northern Trust Corp now owns 301,376 shares of the company’s stock valued at $2,637,000 after buying an additional 35,205 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Century Casinos by 11.4% in the 2nd quarter. Renaissance Technologies LLC now owns 905,700 shares of the company’s stock valued at $7,925,000 after buying an additional 92,600 shares in the last quarter. Ariel Investments LLC raised its position in shares of Century Casinos by 19.2% in the 2nd quarter. Ariel Investments LLC now owns 3,609,149 shares of the company’s stock valued at $31,580,000 after buying an additional 582,036 shares in the last quarter. Brown Advisory Inc. acquired a new position in shares of Century Casinos in the 2nd quarter valued at approximately $5,378,000. Finally, BlackRock Inc. raised its position in shares of Century Casinos by 14.7% in the 2nd quarter. BlackRock Inc. now owns 2,889,660 shares of the company’s stock valued at $25,285,000 after buying an additional 369,347 shares in the last quarter. Institutional investors own 78.73% of the company’s stock.
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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