Century Casinos (NASDAQ:CNTY) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Century Casinos (NASDAQ:CNTYGet Free Report) announced its earnings results on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06), FiscalAI reports. The company had revenue of $152.00 million during the quarter, compared to the consensus estimate of $153.87 million. Century Casinos had a negative net margin of 9.88% and a negative return on equity of 3,789.52%.

Century Casinos Trading Up 1.7%

NASDAQ:CNTY traded up $0.02 during mid-day trading on Friday, reaching $1.21. 30,560 shares of the stock were exchanged, compared to its average volume of 77,834. The business has a fifty day moving average price of $1.29 and a 200 day moving average price of $1.41. Century Casinos has a 1-year low of $1.14 and a 1-year high of $2.85. The firm has a market capitalization of $34.04 million, a PE ratio of -0.62 and a beta of 1.68.

Hedge Funds Weigh In On Century Casinos

Large investors have recently made changes to their positions in the business. CIBC Bancorp USA Inc. acquired a new position in shares of Century Casinos in the 3rd quarter worth approximately $26,000. Franklin Resources Inc. bought a new stake in shares of Century Casinos in the 3rd quarter worth approximately $34,000. XTX Topco Ltd acquired a new stake in Century Casinos during the second quarter valued at approximately $51,000. NewEdge Advisors LLC acquired a new stake in Century Casinos during the third quarter valued at approximately $117,000. Finally, Squarepoint Ops LLC boosted its holdings in Century Casinos by 18.5% during the third quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock worth $197,000 after buying an additional 11,793 shares in the last quarter. Institutional investors own 66.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Century Casinos from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.00.

Get Our Latest Analysis on Century Casinos

Century Casinos Company Profile

(Get Free Report)

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.

See Also

Earnings History for Century Casinos (NASDAQ:CNTY)

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