Zacks: Analysts Anticipate Century Casinos, Inc. (NASDAQ:CNTY) Will Post Earnings of $0.22 Per Share

Wall Street brokerages expect Century Casinos, Inc. (NASDAQ:CNTYGet Rating) to announce $0.22 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Century Casinos’ earnings. The highest EPS estimate is $0.24 and the lowest is $0.21. Century Casinos also posted earnings of $0.22 per share during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Century Casinos will report full year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.63 to $0.67. For the next financial year, analysts expect that the business will report earnings of $1.11 per share, with EPS estimates ranging from $0.83 to $1.32. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Century Casinos.

Century Casinos (NASDAQ:CNTYGet Rating) last released its earnings results on Friday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). The company had revenue of $103.10 million for the quarter, compared to analysts’ expectations of $100.80 million. Century Casinos had a return on equity of 15.31% and a net margin of 5.31%. During the same period in the prior year, the firm earned ($0.05) EPS.

CNTY has been the topic of a number of recent research reports. StockNews.com upgraded shares of Century Casinos from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Century Casinos from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th.

In related news, CEO Erwin Et Al Haitzmann acquired 7,500 shares of the firm’s stock in a transaction dated Thursday, March 10th. The shares were purchased 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 SEC, which is accessible through this hyperlink. Corporate insiders own 12.80% of the company’s stock.

Several hedge funds have recently modified their holdings of CNTY. Barclays PLC increased its stake in Century Casinos by 316.2% during the 3rd quarter. Barclays PLC now owns 23,934 shares of the company’s stock worth $322,000 after buying an additional 18,183 shares during the period. Globeflex Capital L P purchased a new stake in Century Casinos during the 4th quarter worth approximately $434,000. Panagora Asset Management Inc. increased its stake in Century Casinos by 63.4% during the 4th quarter. Panagora Asset Management Inc. now owns 65,844 shares of the company’s stock worth $802,000 after buying an additional 25,549 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in 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 buying an additional 1,300 shares during the period. Finally, HighTower Advisors LLC increased its stake in Century Casinos by 11.4% during the 3rd quarter. HighTower Advisors LLC now owns 33,248 shares of the company’s stock worth $445,000 after buying an additional 3,398 shares during the period. Hedge funds and other institutional investors own 70.66% of the company’s stock.

CNTY opened at $8.02 on Tuesday. The firm has a market capitalization of $239.08 million, a PE ratio of 11.14 and a beta of 2.80. Century Casinos has a twelve month low of $7.68 and a twelve month high of $16.44. The firm’s 50-day moving average price is $10.93 and its 200 day moving average price is $11.86. The company has a current ratio of 2.36, a quick ratio of 2.34 and a debt-to-equity ratio of 3.01.

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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