Wall Street analysts predict that Century Casinos, Inc. (NASDAQ:CNTY) will report earnings per share of $0.08 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Century Casinos’ earnings. Century Casinos posted earnings per share of $0.07 in the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The company is scheduled to issue its next earnings report on Monday, August 6th.
According to Zacks, analysts expect that Century Casinos will report full-year earnings of $0.37 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.39. For the next fiscal year, analysts forecast that the business will post earnings of $0.71 per share, with EPS estimates ranging from $0.66 to $0.75. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Century Casinos.
Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). Century Casinos had a return on equity of 6.15% and a net margin of 3.17%. The firm had revenue of $40.62 million for the quarter, compared to analysts’ expectations of $38.15 million.
Several equities analysts have issued reports on CNTY shares. ValuEngine downgraded shares of Century Casinos from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. TheStreet raised shares of Century Casinos from a “c+” rating to a “b” rating in a report on Wednesday, May 16th. BidaskClub raised shares of Century Casinos from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, Zacks Investment Research downgraded shares of Century Casinos from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.00.
Shares of Century Casinos opened at $8.73 on Friday, according to Marketbeat. Century Casinos has a 1 year low of $6.28 and a 1 year high of $9.85. The firm has a market cap of $256.92 million, a P/E ratio of 20.83, a PEG ratio of 0.96 and a beta of 0.01. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.26.
In other Century Casinos news, VP Timothy Allen Wright sold 10,000 shares of the stock in a transaction on Friday, May 18th. The shares were sold at an average price of $8.66, for a total transaction of $86,600.00. Following the transaction, the vice president now directly owns 10,000 shares of the company’s stock, valued at $86,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Erwin Et Al Haitzmann sold 41,872 shares of the stock in a transaction on Friday, May 11th. The shares were sold at an average price of $8.43, for a total transaction of $352,980.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 260,666 shares of company stock worth $2,267,479. Insiders own 12.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in Century Casinos by 5.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,351,684 shares of the company’s stock valued at $12,341,000 after purchasing an additional 64,649 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Century Casinos by 18.6% in the first quarter. Prudential Financial Inc. now owns 91,280 shares of the company’s stock valued at $681,000 after buying an additional 14,300 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Century Casinos in the fourth quarter valued at about $756,000. Schwab Charles Investment Management Inc. raised its position in shares of Century Casinos by 114.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 69,848 shares of the company’s stock valued at $638,000 after buying an additional 37,248 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Century Casinos by 48.9% in the fourth quarter. Macquarie Group Ltd. now owns 49,789 shares of the company’s stock valued at $455,000 after buying an additional 16,343 shares during the last quarter. 77.29% of the stock is currently owned by institutional investors and hedge funds.
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 and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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