Century Casinos, Inc. to Post Q3 2022 Earnings of $0.24 Per Share, B. Riley Forecasts (NASDAQ:CNTY)

Century Casinos, Inc. (NASDAQ:CNTYGet Rating) – Research analysts at B. Riley lowered their Q3 2022 earnings per share (EPS) estimates for Century Casinos in a note issued to investors on Monday, May 9th. B. Riley analyst D. Bain now anticipates that the company will post earnings of $0.24 per share for the quarter, down from their previous forecast of $0.29. B. Riley also issued estimates for Century Casinos’ Q4 2022 earnings at $0.22 EPS, FY2022 earnings at $0.67 EPS, Q4 2023 earnings at $0.28 EPS, FY2023 earnings at $1.17 EPS and FY2024 earnings at $1.34 EPS.

Century Casinos (NASDAQ:CNTYGet Rating) last released its quarterly earnings data on Friday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.11). Century Casinos had a net margin of 5.31% and a return on equity of 14.89%. During the same quarter last year, the business posted ($0.05) earnings per share.

Several other research firms also recently commented on CNTY. Zacks Investment Research raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Wednesday, March 9th. StockNews.com downgraded shares of Century Casinos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Roth Capital reissued a “buy” rating on shares of Century Casinos in a research report on Wednesday, January 12th.

Century Casinos stock opened at $8.44 on Wednesday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 2.30 and a current ratio of 2.33. The firm has a market cap of $250.04 million, a PE ratio of 11.72 and a beta of 2.80. Century Casinos has a twelve month low of $8.25 and a twelve month high of $16.44. The firm’s 50 day moving average price is $11.32 and its two-hundred day moving average price is $12.16.

Large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in Century Casinos by 143.8% during the 3rd quarter. Citigroup Inc. now owns 3,160 shares of the company’s stock valued at $43,000 after purchasing an additional 1,864 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Century Casinos by 459.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,903 shares of the company’s stock valued at $80,000 after purchasing an additional 4,847 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Century Casinos in the 3rd quarter valued at $126,000. Metropolitan Life Insurance Co NY acquired a new position in shares of Century Casinos in the 1st quarter valued at $86,000. Finally, MetLife Investment Management LLC raised its stake in shares of Century Casinos by 149.5% in the 4th quarter. MetLife Investment Management LLC now owns 9,899 shares of the company’s stock valued at $121,000 after buying an additional 5,931 shares in the last quarter. Hedge funds and other institutional investors own 70.66% of the company’s stock.

In other news, CEO Erwin Et Al Haitzmann acquired 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The stock was acquired at an average cost of $11.21 per share, with a total value of $84,075.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.80% of the stock is currently owned by corporate insiders.

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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