Zacks: Analysts Anticipate Century Casinos, Inc. (CNTY) Will Post Earnings of $0.11 Per Share
Equities analysts predict that Century Casinos, Inc. (NASDAQ:CNTY) will post earnings per share of $0.11 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Century Casinos’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.09. Century Casinos reported earnings per share of $0.08 during the same quarter last year, which would indicate a positive year over year growth rate of 37.5%. The company is expected to announce its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Century Casinos will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.35 to $0.37. For the next fiscal year, analysts forecast that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.44 to $0.46. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Century Casinos.
Century Casinos (NASDAQ:CNTY) last announced its earnings results on Monday, August 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). Century Casinos had a return on equity of 6.07% and a net margin of 5.98%. The business had revenue of $37.33 million for the quarter, compared to analyst estimates of $38.10 million.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Roth Capital assumed coverage on shares of Century Casinos in a research note on Wednesday, September 20th. They issued a “buy” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Century Casinos currently has a consensus rating of “Hold” and a consensus price target of $10.15.
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Century Casinos (CNTY) opened at 8.23 on Monday. The firm has a market cap of $201.37 million, a price-to-earnings ratio of 23.51 and a beta of -0.28. Century Casinos has a 12 month low of $6.00 and a 12 month high of $8.89. The firm’s 50 day moving average is $7.79 and its 200-day moving average is $7.60.
Institutional investors and hedge funds have recently bought and sold shares of the company. Martingale Asset Management L P purchased a new position in Century Casinos during the second quarter valued at approximately $1,026,000. Renaissance Technologies LLC grew its stake in Century Casinos by 8.0% during the first quarter. Renaissance Technologies LLC now owns 658,200 shares of the company’s stock valued at $4,976,000 after acquiring an additional 48,800 shares in the last quarter. Bessemer Group Inc. purchased a new position in Century Casinos during the second quarter valued at approximately $307,000. Thrivent Financial For Lutherans purchased a new position in Century Casinos during the second quarter valued at approximately $288,000. Finally, OxFORD Asset Management LLP purchased a new position in Century Casinos during the second quarter valued at approximately $285,000. Hedge funds and other institutional investors own 73.56% of the company’s 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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