Century Casinos, Inc. (NASDAQ:CNTY) Expected to Announce Earnings of $0.11 Per Share

Wall Street brokerages forecast that Century Casinos, Inc. (NASDAQ:CNTYGet Rating) will post earnings per share (EPS) of $0.11 for the current quarter, according to Zacks. Three analysts have provided estimates for Century Casinos’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.13. Century Casinos posted earnings of ($0.05) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 320%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Century Casinos will report full-year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.70 to $0.91. For the next financial year, analysts expect that the business will post earnings of $1.26 per share, with EPS estimates ranging from $1.03 to $1.40. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Century Casinos.

Century Casinos (NASDAQ:CNTYGet Rating) last posted its earnings results on Tuesday, March 8th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). The firm had revenue of $107.30 million for the quarter, compared to analyst estimates of $100.80 million. Century Casinos had a return on equity of 14.89% and a net margin of 5.31%. During the same period in the prior year, the business posted $0.22 EPS.

A number of research firms recently commented on CNTY. Roth Capital reaffirmed a “buy” rating on shares of Century Casinos in a research note on Wednesday, January 12th. StockNews.com upgraded Century Casinos from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Zacks Investment Research upgraded Century Casinos from a “sell” rating to a “hold” rating in a research report on Wednesday, March 9th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $17.50.

CNTY stock traded up $0.09 during midday trading on Wednesday, reaching $11.22. The company had a trading volume of 2,660 shares, compared to its average volume of 124,899. The company has a market capitalization of $332.39 million, a price-to-earnings ratio of 16.86 and a beta of 2.90. The stock has a 50 day moving average price of $11.50 and a 200-day moving average price of $12.69. Century Casinos has a 1-year low of $8.82 and a 1-year high of $16.44. The company has a debt-to-equity ratio of 3.06, a current ratio of 2.33 and a quick ratio of 2.30.

In related news, CEO Erwin Et Al Haitzmann bought 7,500 shares of Century Casinos stock in a transaction that occurred on Thursday, March 10th. The shares were acquired at an average cost of $11.21 per share, for a total transaction of $84,075.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG grew its stake in shares of Century Casinos by 5.2% during the 4th quarter. Deutsche Bank AG now owns 17,869 shares of the company’s stock worth $218,000 after acquiring an additional 884 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Century Casinos by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 197,799 shares of the company’s stock worth $2,664,000 after acquiring an additional 908 shares during the period. Royal Bank of Canada grew its stake in shares of Century Casinos by 7.6% during the 3rd quarter. Royal Bank of Canada now owns 18,154 shares of the company’s stock worth $245,000 after acquiring an additional 1,290 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Century Casinos by 0.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 270,140 shares of the company’s stock worth $3,290,000 after acquiring an additional 1,300 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Century Casinos by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 59,377 shares of the company’s stock worth $800,000 after acquiring an additional 1,800 shares during the period. 70.84% of the stock is currently owned by hedge funds and other institutional investors.

About Century Casinos (Get Rating)

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. As of March 8, 2022, it operated two ship-based casinos.

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