Wall Street brokerages expect that Century Casinos, Inc. (NASDAQ:CNTY) will announce sales of $48.40 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Century Casinos’ earnings, with the highest sales estimate coming in at $48.70 million and the lowest estimate coming in at $48.10 million. Century Casinos reported sales of $39.65 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.1%. The business is expected to announce its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that Century Casinos will report full year sales of $197.35 million for the current financial year, with estimates ranging from $195.40 million to $199.30 million. For the next financial year, analysts expect that the company will post sales of $218.85 million, with estimates ranging from $211.40 million to $226.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Century Casinos.
Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The business had revenue of $45.61 million for the quarter, compared to analysts’ expectations of $44.10 million. Century Casinos had a net margin of 2.03% and a return on equity of 1.99%.
CNTY traded down $0.02 during midday trading on Thursday, reaching $9.01. The company’s stock had a trading volume of 1,843 shares, compared to its average volume of 107,429. The stock has a market cap of $264.96 million, a PE ratio of 81.91, a price-to-earnings-growth ratio of 1.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.08 and a current ratio of 1.10. Century Casinos has a 1 year low of $5.77 and a 1 year high of $9.44.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates lifted its stake in shares of Century Casinos by 5.6% in the first quarter. Raymond James & Associates now owns 37,700 shares of the company’s stock worth $342,000 after buying an additional 2,000 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its stake in shares of Century Casinos by 18.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 20,007 shares of the company’s stock worth $148,000 after buying an additional 3,172 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Century Casinos by 1.6% in the first quarter. Northern Trust Corp now owns 306,658 shares of the company’s stock worth $2,778,000 after buying an additional 4,697 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Century Casinos by 533.9% in the first quarter. BNP Paribas Arbitrage SA now owns 5,718 shares of the company’s stock worth $52,000 after buying an additional 4,816 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Century Casinos by 0.7% in the first quarter. Wells Fargo & Company MN now owns 1,485,956 shares of the company’s stock worth $13,462,000 after buying an additional 10,125 shares in the last quarter. Hedge funds and other institutional investors own 79.65% of the company’s stock.
Century Casinos Company Profile
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.
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