Analysts expect Century Casinos, Inc. (NASDAQ:CNTY) to post $51.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Century Casinos’ earnings, with the highest sales estimate coming in at $52.60 million and the lowest estimate coming in at $51.20 million. Century Casinos reported sales of $45.11 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.1%. The company is expected to issue its next earnings results on Monday, March 9th.
On average, analysts expect that Century Casinos will report full-year sales of $202.85 million for the current year, with estimates ranging from $202.20 million to $203.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $376.40 million, with estimates ranging from $314.10 million to $438.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Century Casinos.
Century Casinos (NASDAQ:CNTY) last announced its earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). Century Casinos had a return on equity of 0.87% and a net margin of 0.76%. The business had revenue of $52.94 million during the quarter, compared to analyst estimates of $53.65 million.
CNTY has been the topic of several research analyst reports. Union Gaming Research upgraded Century Casinos from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Macquarie began coverage on Century Casinos in a report on Thursday, December 12th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Century Casinos from a “strong sell” rating to a “hold” rating in a research report on Monday, January 6th. Finally, ValuEngine raised shares of Century Casinos from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $10.63.
Hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY acquired a new position in Century Casinos during the 1st quarter worth $86,000. JPMorgan Chase & Co. increased its stake in shares of Century Casinos by 216.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,897 shares of the company’s stock valued at $203,000 after buying an additional 14,303 shares during the period. Prudential Financial Inc. raised its position in shares of Century Casinos by 326.0% during the second quarter. Prudential Financial Inc. now owns 61,141 shares of the company’s stock worth $594,000 after acquiring an additional 46,787 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Century Casinos by 4.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 64,622 shares of the company’s stock worth $627,000 after acquiring an additional 2,987 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Century Casinos by 28.2% during the second quarter. Bank of New York Mellon Corp now owns 335,719 shares of the company’s stock worth $3,257,000 after acquiring an additional 73,839 shares during the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.
CNTY traded down $0.10 during trading on Thursday, hitting $8.20. The company’s stock had a trading volume of 46,968 shares, compared to its average volume of 62,013. The firm’s 50 day moving average price is $8.04 and its two-hundred day moving average price is $8.24. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.53. Century Casinos has a 12 month low of $6.95 and a 12 month high of $10.41. The stock has a market capitalization of $244.42 million, a price-to-earnings ratio of 136.69, a price-to-earnings-growth ratio of 0.40 and a beta of 0.84.
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, England, and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
Read More: How do investors use RSI to grade stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Century Casinos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Casinos and related companies with MarketBeat.com's FREE daily email newsletter.