Zacks: Brokerages Expect Century Casinos, Inc. (CNTY) to Announce $0.08 Earnings Per Share
Brokerages expect that Century Casinos, Inc. (NASDAQ:CNTY) will report earnings per share (EPS) of $0.08 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Century Casinos’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.08. Century Casinos posted earnings per share of $0.01 during the same quarter last year, which would indicate a positive year-over-year growth rate of 700%. The firm is expected to announce its next earnings results on Friday, March 8th.
On average, analysts expect that Century Casinos will report full-year earnings of $0.17 per share for the current financial year. For the next fiscal year, analysts expect that the business will post earnings of $0.48 per share, with EPS estimates ranging from $0.46 to $0.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover Century Casinos.
Century Casinos (NASDAQ:CNTY) last posted its earnings results on Wednesday, November 7th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Century Casinos had a positive return on equity of 1.63% and a negative net margin of 1.50%. The firm had revenue of $43.56 million for the quarter, compared to analysts’ expectations of $42.05 million.
CNTY traded up $0.06 during trading hours on Monday, hitting $7.01. The company’s stock had a trading volume of 155,546 shares, compared to its average volume of 137,800. Century Casinos has a fifty-two week low of $5.77 and a fifty-two week high of $9.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.70 and a quick ratio of 1.68. The stock has a market cap of $204.62 million, a P/E ratio of 15.58, a P/E/G ratio of 1.64 and a beta of 0.42.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Century Casinos by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,469,952 shares of the company’s stock valued at $12,861,000 after acquiring an additional 32,887 shares during the period. Allianz Asset Management GmbH boosted its stake in Century Casinos by 5.4% during the 1st quarter. Allianz Asset Management GmbH now owns 358,917 shares of the company’s stock valued at $2,678,000 after purchasing an additional 18,296 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Century Casinos by 128.2% during the 3rd quarter. North Star Investment Management Corp. now owns 249,250 shares of the company’s stock valued at $1,859,000 after purchasing an additional 140,025 shares in the last quarter. Ariel Investments LLC boosted its stake in Century Casinos by 19.2% during the 2nd quarter. Ariel Investments LLC now owns 3,609,149 shares of the company’s stock valued at $31,580,000 after purchasing an additional 582,036 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Century Casinos by 11.4% during the 2nd quarter. Renaissance Technologies LLC now owns 905,700 shares of the company’s stock valued at $7,925,000 after purchasing an additional 92,600 shares in the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.
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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