Zacks: Brokerages Anticipate Century Casinos, Inc. (NASDAQ:CNTY) to Announce $0.11 EPS

Wall Street brokerages expect Century Casinos, Inc. (NASDAQ:CNTY) to post earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Century Casinos’ earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.09. Century Casinos posted earnings per share of $0.05 in the same quarter last year, which would suggest a positive year-over-year growth rate of 120%. The company is expected to report its next earnings results on Wednesday, November 6th.

On average, analysts expect that Century Casinos will report full-year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.19 to $0.36. For the next year, analysts forecast that the business will post earnings of $0.60 per share, with EPS estimates ranging from $0.48 to $0.72. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Century Casinos.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). The firm 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 1.52%.



Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Century Casinos from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. BidaskClub raised shares of Century Casinos from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. TheStreet cut shares of Century Casinos from a “b-” rating to a “c+” rating in a research report on Wednesday, August 21st. Finally, Craig Hallum set a $12.00 target price on shares of Century Casinos and gave the company a “buy” rating in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Century Casinos presently has an average rating of “Hold” and an average target price of $11.00.

Shares of CNTY stock traded down $0.24 on Friday, hitting $7.76. 4,078 shares of the stock traded hands, compared to its average volume of 106,051. The firm’s 50-day moving average price is $8.22 and its two-hundred day moving average price is $8.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.09. The stock has a market capitalization of $239.71 million, a PE ratio of 70.73, a PEG ratio of 1.18 and a beta of 0.85. Century Casinos has a twelve month low of $5.77 and a twelve month high of $10.41.

In other Century Casinos news, Director Dinah Corbaci sold 14,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $8.56, for a total value of $119,840.00. Following the transaction, the director now owns 21,300 shares of the company’s stock, valued at $182,328. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy Allen Wright sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $8.99, for a total transaction of $44,950.00. Following the completion of the transaction, the vice president now directly owns 5,000 shares in the company, valued at approximately $44,950. The disclosure for this sale can be found here. Corporate insiders own 12.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its position 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 buying an additional 4,816 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Century Casinos during the second quarter worth about $57,000. Metropolitan Life Insurance Co NY purchased a new stake in Century Casinos during the first quarter worth about $86,000. Algert Global LLC purchased a new stake in Century Casinos during the second quarter worth about $109,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Century Casinos during the first quarter worth about $120,000. 80.56% of the stock is currently owned by institutional investors.

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.

Read More: What is basic economics?

Get a free copy of the Zacks research report on Century Casinos (CNTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Century Casinos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Casinos and related companies with MarketBeat.com's FREE daily email newsletter.