Century Casinos (NASDAQ:CNTY) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Century Casinos (NASDAQ:CNTY) announced its quarterly earnings data on Thursday. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06), FiscalAI reports. The business had revenue of $152.00 million for the quarter, compared to the consensus estimate of $153.87 million. Century Casinos had a negative net margin of 9.88% and a negative return on equity of 3,789.52%.

Century Casinos Price Performance

Shares of CNTY stock traded up $0.02 during trading hours on Friday, reaching $1.21. The stock had a trading volume of 30,560 shares, compared to its average volume of 77,834. The firm has a market capitalization of $34.04 million, a PE ratio of -0.62 and a beta of 1.68. The firm has a 50-day simple moving average of $1.29 and a 200-day simple moving average of $1.41. Century Casinos has a twelve month low of $1.14 and a twelve month high of $2.85.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Century Casinos from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Investors Weigh In On Century Casinos

Large investors have recently made changes to their positions in the company. CIBC Bancorp USA Inc. bought a new stake in shares of Century Casinos during the third quarter valued at approximately $26,000. Franklin Resources Inc. bought a new position in Century Casinos in the 3rd quarter worth approximately $34,000. XTX Topco Ltd acquired a new stake in Century Casinos in the 2nd quarter valued at approximately $51,000. NewEdge Advisors LLC bought a new stake in Century Casinos during the 3rd quarter valued at $117,000. Finally, Squarepoint Ops LLC raised its stake in Century Casinos by 18.5% during the 3rd quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after acquiring an additional 11,793 shares in the last quarter. Institutional investors and hedge funds own 66.36% of the company’s stock.

About Century Casinos

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.