Wall Street brokerages expect that Century Casinos, Inc. (NASDAQ:CNTY) will post $42.85 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Century Casinos’ earnings. The lowest sales estimate is $41.40 million and the highest is $44.30 million. Century Casinos posted sales of $39.29 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The company is expected to issue its next earnings report on Friday, March 8th.
According to Zacks, analysts expect that Century Casinos will report full-year sales of $166.65 million for the current fiscal year, with estimates ranging from $165.20 million to $168.10 million. For the next year, analysts anticipate that the company will post sales of $196.80 million, with estimates ranging from $196.60 million to $197.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Century Casinos.
Century Casinos (NASDAQ:CNTY) last issued its earnings results on Wednesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $43.56 million during the quarter, compared to the consensus estimate of $42.05 million. Century Casinos had a positive return on equity of 1.63% and a negative net margin of 1.50%.
CNTY has been the topic of a number of research analyst reports. ValuEngine lowered shares of Century Casinos from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.00.
In other Century Casinos news, CEO Peter Hoetzinger bought 5,497 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was acquired at an average price of $6.80 per share, with a total value of $37,379.60. Following the transaction, the chief executive officer now owns 5,497 shares in the company, valued at $37,379.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Erwin Et Al Haitzmann bought 12,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was acquired at an average cost of $7.15 per share, with a total value of $85,800.00. The disclosure for this purchase can be found here. Insiders own 12.70% of the company’s stock.
Large investors have recently modified their holdings of the business. North Star Investment Management Corp. boosted its position in shares of Century Casinos by 8.8% during the 4th quarter. North Star Investment Management Corp. now owns 271,250 shares of the company’s stock worth $2,005,000 after acquiring an additional 22,000 shares in the last quarter. BW Gestao de Investimentos Ltda. raised its stake in Century Casinos by 25.2% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 16,835 shares of the company’s stock valued at $126,000 after purchasing an additional 3,391 shares during the period. Vanguard Group Inc raised its stake in Century Casinos by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 1,328,292 shares of the company’s stock valued at $9,909,000 after purchasing an additional 44,460 shares during the period. Vanguard Group Inc. raised its stake in Century Casinos by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,328,292 shares of the company’s stock valued at $9,909,000 after purchasing an additional 44,460 shares during the period. Finally, Penn Capital Management Co. Inc. raised its stake in Century Casinos by 67.6% during the 3rd quarter. Penn Capital Management Co. Inc. now owns 341,530 shares of the company’s stock valued at $2,548,000 after purchasing an additional 137,720 shares during the period. 79.11% of the stock is owned by institutional investors and hedge funds.
Shares of Century Casinos stock traded up $0.14 on Tuesday, hitting $7.75. 161,942 shares of the company traded hands, compared to its average volume of 80,205. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.18. Century Casinos has a 12-month low of $5.77 and a 12-month high of $9.70. The stock has a market cap of $226.39 million, a P/E ratio of 17.22, a P/E/G ratio of 0.64 and a beta of 0.47.
About Century Casinos
Century Casinos, Inc operates as a casino entertainment company worldwide. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. It owns and operates casinos in North America and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.
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