Century Casinos, Inc. (CNTY) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Century Casinos, Inc. (NASDAQ:CNTY) released its earnings results on Monday. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.03, Bloomberg Earnings reports. Century Casinos had a return on equity of 6.67% and a net margin of 6.39%. The business had revenue of $37.33 million during the quarter, compared to analysts’ expectations of $38.10 million.
Century Casinos (NASDAQ CNTY) traded down 0.14% on Tuesday, reaching $6.95. 43,121 shares of the company’s stock were exchanged. The company has a market cap of $170.00 million, a P/E ratio of 18.78 and a beta of -0.34. The firm has a 50 day moving average of $7.55 and a 200-day moving average of $7.54. Century Casinos has a 12-month low of $6.00 and a 12-month high of $8.89.
Several hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its stake in Century Casinos by 4.2% in the first quarter. Stifel Financial Corp now owns 13,836 shares of the company’s stock valued at $105,000 after buying an additional 553 shares in the last quarter. Guggenheim Capital LLC raised its stake in Century Casinos by 37.9% in the fourth quarter. Guggenheim Capital LLC now owns 16,547 shares of the company’s stock valued at $137,000 after buying an additional 4,547 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Century Casinos by 4.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,575 shares of the company’s stock valued at $140,000 after buying an additional 725 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Century Casinos by 34.2% in the first quarter. Goldman Sachs Group Inc. now owns 20,821 shares of the company’s stock valued at $157,000 after buying an additional 5,304 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Century Casinos during the first quarter valued at approximately $162,000. Institutional investors and hedge funds own 73.20% of the company’s stock.
A number of research firms have weighed in on CNTY. TheStreet raised shares of Century Casinos from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Finally, Stephens began coverage on shares of Century Casinos in a research note on Tuesday, June 6th. They issued an “equal weight” rating on the stock.
Century Casinos Company Profile
Century Casinos, Inc is an international casino entertainment company. The Company develops and operates gaming establishments, as well as related lodging, restaurant and entertainment facilities around the world. Its segments include Canada, the United States, Poland, and Corporate and Other. The Canada segment consists of Century Casino & Hotel-Edmonton; Century Casino Calgary; Century Downs Racetrack and Casino, and Century Bets! Inc (Century Bets).
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