Zacks: Analysts Anticipate Century Casinos, Inc. (NASDAQ:CNTY) Will Announce Quarterly Sales of $113.07 Million

Wall Street brokerages expect Century Casinos, Inc. (NASDAQ:CNTYGet Rating) to report sales of $113.07 million for the current quarter, Zacks reports. Three analysts have provided estimates for Century Casinos’ earnings. The lowest sales estimate is $111.70 million and the highest is $114.50 million. Century Casinos posted sales of $92.19 million during the same quarter last year, which would indicate a positive year over year growth rate of 22.6%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Century Casinos will report full year sales of $446.13 million for the current fiscal year, with estimates ranging from $439.80 million to $452.30 million. For the next financial year, analysts anticipate that the business will report sales of $522.87 million, with estimates ranging from $457.40 million to $559.10 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Century Casinos.

Century Casinos (NASDAQ:CNTYGet Rating) last issued its earnings results on Friday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). Century Casinos had a return on equity of 15.31% and a net margin of 5.31%. The firm had revenue of $103.10 million during the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share.

Several equities analysts have weighed in on CNTY shares. StockNews.com upgraded Century Casinos from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 18th. Zacks Investment Research lowered Century Casinos from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th.

Shares of CNTY traded down $0.35 during trading hours on Thursday, reaching $7.50. The stock had a trading volume of 105,138 shares, compared to its average volume of 115,188. Century Casinos has a 12 month low of $7.32 and a 12 month high of $16.44. The firm has a 50-day simple moving average of $10.81 and a 200 day simple moving average of $11.71. The company has a current ratio of 2.36, a quick ratio of 2.34 and a debt-to-equity ratio of 3.01. The company has a market capitalization of $223.61 million, a price-to-earnings ratio of 10.42 and a beta of 2.80.

In other Century Casinos news, CEO Erwin Et Al Haitzmann bought 7,500 shares of the firm’s stock in a transaction dated Thursday, March 10th. The stock was purchased at an average cost of $11.21 per share, with a total value of $84,075.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 12.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP increased its holdings in Century Casinos by 0.9% in the 1st quarter. Royce & Associates LP now owns 2,536,083 shares of the company’s stock worth $30,306,000 after acquiring an additional 22,957 shares during the last quarter. BlackRock Inc. increased its holdings in Century Casinos by 3.9% in the 4th quarter. BlackRock Inc. now owns 1,913,778 shares of the company’s stock worth $23,311,000 after acquiring an additional 71,475 shares during the last quarter. Orchard Capital Managment LLC increased its holdings in Century Casinos by 6.7% in the 1st quarter. Orchard Capital Managment LLC now owns 1,009,557 shares of the company’s stock worth $12,064,000 after acquiring an additional 63,300 shares during the last quarter. Contrarian Capital Management L.L.C. grew its holdings in Century Casinos by 17.8% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 699,080 shares of the company’s stock valued at $8,515,000 after buying an additional 105,614 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Century Casinos by 17.1% during the 1st quarter. Russell Investments Group Ltd. now owns 528,335 shares of the company’s stock valued at $6,311,000 after buying an additional 77,156 shares in the last quarter. 70.66% of the stock is owned by institutional investors.

Century Casinos Company Profile (Get Rating)

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.

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