Century Casinos, Inc. (CNTY) Expected to Announce Quarterly Sales of $40.35 Million
Equities analysts predict that Century Casinos, Inc. (NASDAQ:CNTY) will report sales of $40.35 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Century Casinos’ earnings, with the lowest sales estimate coming in at $38.30 million and the highest estimate coming in at $42.40 million. Century Casinos posted sales of $36.28 million in the same quarter last year, which suggests a positive year over year growth rate of 11.2%. The firm is expected to report its next earnings results on Friday, March 9th.
According to Zacks, analysts expect that Century Casinos will report full-year sales of $40.35 million for the current fiscal year, with estimates ranging from $153.10 million to $157.20 million. For the next year, analysts forecast that the business will post sales of $167.45 million per share, with estimates ranging from $163.10 million to $171.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Century Casinos.
Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Monday, November 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.10 by $0.21. Century Casinos had a return on equity of 9.75% and a net margin of 9.53%. The business had revenue of $41.05 million during the quarter, compared to analyst estimates of $39.10 million.
Century Casinos (NASDAQ:CNTY) opened at $8.85 on Friday. Century Casinos has a 52-week low of $6.28 and a 52-week high of $9.50. The company has a market capitalization of $255.05, a price-to-earnings ratio of 15.31 and a beta of -0.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 1.75.
A number of large investors have recently added to or reduced their stakes in CNTY. TIAA CREF Investment Management LLC boosted its holdings in Century Casinos by 1.3% in the first quarter. TIAA CREF Investment Management LLC now owns 69,500 shares of the company’s stock valued at $525,000 after purchasing an additional 912 shares during the period. Vanguard Group Inc. boosted its holdings in Century Casinos by 0.8% in the first quarter. Vanguard Group Inc. now owns 839,000 shares of the company’s stock valued at $6,343,000 after purchasing an additional 6,960 shares during the period. Geode Capital Management LLC boosted its holdings in Century Casinos by 5.2% in the first quarter. Geode Capital Management LLC now owns 158,617 shares of the company’s stock valued at $1,199,000 after purchasing an additional 7,792 shares during the period. Bank of America Corp DE boosted its holdings in Century Casinos by 10.7% in the first quarter. Bank of America Corp DE now owns 79,753 shares of the company’s stock valued at $603,000 after purchasing an additional 7,684 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 5,304 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.
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About Century Casinos
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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