Century Casinos, Inc. (CNTY) Expected to Announce Quarterly Sales of $39.83 Million

Equities research analysts expect Century Casinos, Inc. (NASDAQ:CNTY) to announce $39.83 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Century Casinos’ earnings. The lowest sales estimate is $38.30 million and the highest is $42.40 million. Century Casinos posted sales of $36.28 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9.8%. The firm is scheduled to announce its next quarterly earnings results on Friday, March 9th.

On average, analysts expect that Century Casinos will report full year sales of $39.83 million for the current fiscal year, with estimates ranging from $153.10 million to $157.20 million. For the next financial year, analysts forecast that the business will post sales of $169.17 million per share, with estimates ranging from $163.10 million to $172.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Century Casinos.

Century Casinos (NASDAQ:CNTY) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.21. Century Casinos had a net margin of 9.53% and a return on equity of 9.75%. The firm had revenue of $41.05 million during the quarter, compared to analyst estimates of $39.10 million.

A number of analysts have recently commented on CNTY shares. BidaskClub upgraded shares of Century Casinos from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded shares of Century Casinos from a “hold” rating to a “strong-buy” rating and set a $9.00 target price for the company in a research report on Monday, November 20th. Finally, Stifel Nicolaus assumed coverage on shares of Century Casinos in a research report on Wednesday, January 10th. They set a “buy” rating and a $13.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.58.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Century Casinos by 2.7% during the second quarter. Vanguard Group Inc. now owns 861,545 shares of the company’s stock valued at $6,349,000 after buying an additional 22,545 shares during the period. Foundry Partners LLC grew its position in Century Casinos by 32.0% during the fourth quarter. Foundry Partners LLC now owns 408,360 shares of the company’s stock valued at $3,728,000 after buying an additional 98,980 shares during the period. New York State Common Retirement Fund lifted its holdings in Century Casinos by 7.0% during the second quarter. New York State Common Retirement Fund now owns 404,934 shares of the company’s stock valued at $2,984,000 after purchasing an additional 26,338 shares in the last quarter. State Street Corp lifted its holdings in Century Casinos by 11.3% during the second quarter. State Street Corp now owns 293,484 shares of the company’s stock valued at $2,164,000 after purchasing an additional 29,844 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Century Casinos by 1.8% during the second quarter. Northern Trust Corp now owns 228,948 shares of the company’s stock valued at $1,687,000 after purchasing an additional 4,022 shares in the last quarter. Institutional investors own 63.44% of the company’s stock.

Shares of Century Casinos (CNTY) opened at $9.43 on Monday. Century Casinos has a 12 month low of $6.28 and a 12 month high of $9.85. The company has a market cap of $228.83, a P/E ratio of 15.98 and a beta of -0.20. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.33.

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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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