Century Casinos (CNTY) to Release Quarterly Earnings on Friday

Posted by MarketBeat News on Aug 4th, 2022

Century Casinos (NASDAQ:CNTY – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, August 5th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Century Casinos (NASDAQ:CNTY – Get Rating) last released its quarterly earnings results on Friday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). The business had revenue of $103.10 million for the quarter, compared to the consensus estimate of $100.80 million. Century Casinos had a return on equity of 15.58% and a net margin of 5.31%. During the same period in the prior year, the business posted ($0.05) earnings per share. On average, analysts expect Century Casinos to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Century Casinos Trading Up 3.0 %

Shares of Century Casinos stock opened at $9.16 on Thursday. The company has a market capitalization of $273.10 million, a price-to-earnings ratio of 12.72 and a beta of 2.73. The company has a quick ratio of 2.34, a current ratio of 2.36 and a debt-to-equity ratio of 3.01. Century Casinos has a 12-month low of $6.69 and a 12-month high of $16.44. The firm’s 50-day moving average price is $7.93 and its two-hundred day moving average price is $9.80.

Institutional Investors Weigh In On Century Casinos

A number of hedge funds have recently made changes to their positions in CNTY. Prudential Financial Inc. boosted its position in Century Casinos by 26.4% during the 1st quarter. Prudential Financial Inc. now owns 333,934 shares of the company’s stock worth $3,990,000 after buying an additional 69,785 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Century Casinos by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 271,540 shares of the company’s stock worth $3,245,000 after buying an additional 1,400 shares during the period. Dimensional Fund Advisors LP boosted its position in Century Casinos by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 220,886 shares of the company’s stock worth $2,639,000 after buying an additional 8,938 shares during the period. Renaissance Technologies LLC boosted its position in Century Casinos by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 211,687 shares of the company’s stock worth $2,530,000 after buying an additional 3,738 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Century Casinos by 35.5% during the 1st quarter. Panagora Asset Management Inc. now owns 89,237 shares of the company’s stock worth $1,066,000 after buying an additional 23,393 shares during the period. 70.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on CNTY. StockNews.com upgraded shares of Century Casinos from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 18th. JMP Securities began coverage on shares of Century Casinos in a research note on Tuesday, July 26th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, B. Riley reduced their price objective on shares of Century Casinos from $24.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, June 28th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $15.50.

About Century Casinos

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Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. As of March 8, 2022, it operated two ship-based casinos.