Century Casinos (NASDAQ:CNTY) Announces Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Century Casinos (NASDAQ:CNTY) posted its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08), Morningstar.com reports. The business had revenue of $52.45 million for the quarter, compared to analyst estimates of $48.75 million. Century Casinos had a net margin of 1.42% and a return on equity of 1.53%.

NASDAQ CNTY traded down $0.07 on Friday, reaching $8.45. The stock had a trading volume of 124,784 shares, compared to its average volume of 132,697. The firm has a 50 day simple moving average of $9.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.07. Century Casinos has a 1 year low of $5.77 and a 1 year high of $10.41. The company has a market capitalization of $250.82 million, a P/E ratio of 76.82, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72.

CNTY has been the topic of a number of recent research reports. Craig Hallum set a $12.00 target price on Century Casinos and gave the company a “buy” rating in a research note on Monday, June 17th. BidaskClub upgraded Century Casinos from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Zacks Investment Research downgraded Century Casinos from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.00.



Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its stake in Century Casinos by 533.9% in the first quarter. BNP Paribas Arbitrage SA now owns 5,718 shares of the company’s stock valued at $52,000 after purchasing an additional 4,816 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Century Casinos during the 2nd quarter worth about $57,000. Metropolitan Life Insurance Co NY bought a new stake in shares of Century Casinos during the 1st quarter worth about $86,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Century Casinos during the 2nd quarter worth about $127,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Century Casinos during the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

About Century Casinos

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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Earnings History for Century Casinos (NASDAQ:CNTY)

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