Brokerages predict that Century Casinos, Inc. (NASDAQ:CNTY) will post sales of $39.83 million for the current quarter, Zacks reports. Three analysts have provided estimates for Century Casinos’ earnings, with the highest sales estimate coming in at $42.40 million and the lowest estimate coming in at $38.30 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 business is scheduled to issue its next quarterly earnings results on Friday, March 9th.
According to Zacks, analysts expect that Century Casinos will report full-year sales of $39.83 million for the current year, with estimates ranging from $153.10 million to $157.20 million. For the next year, analysts forecast that the firm will post sales of $169.17 million per share, with estimates ranging from $163.10 million to $172.60 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Century Casinos.
Several equities research analysts have recently commented on the stock. BidaskClub lowered shares of Century Casinos from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. 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 price target for the company. Finally, Zacks Investment Research raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.58.
A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in Century Casinos by 345.7% in the 4th quarter. Millennium Management LLC now owns 425,787 shares of the company’s stock worth $3,887,000 after acquiring an additional 330,251 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Century Casinos in the 4th quarter worth approximately $1,065,000. Two Sigma Advisers LP purchased a new stake in Century Casinos in the 4th quarter worth approximately $237,000. Goldman Sachs Group Inc. increased its holdings in Century Casinos by 18.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 72,812 shares of the company’s stock worth $665,000 after acquiring an additional 11,196 shares in the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in Century Casinos in the 4th quarter worth approximately $326,000. 63.74% of the stock is owned by institutional investors.
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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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