Century Casinos (NASDAQ:CNTY) Releases Earnings Results, Misses Estimates By $0.02 EPS

Century Casinos (NASDAQ:CNTY) issued its quarterly earnings data on Monday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02), RTT News reports. Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. The company had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter last year, the company earned ($0.47) earnings per share.

Century Casinos Stock Down 0.3 %

Shares of CNTY traded down $0.01 during midday trading on Wednesday, hitting $3.96. 50,058 shares of the company’s stock traded hands, compared to its average volume of 139,718. The firm’s fifty day moving average is $2.67 and its 200-day moving average is $2.66. The company has a current ratio of 1.96, a quick ratio of 1.91 and a debt-to-equity ratio of 6.22. Century Casinos has a 1 year low of $1.94 and a 1 year high of $5.05. The stock has a market capitalization of $121.50 million, a price-to-earnings ratio of -1.63 and a beta of 2.55.

Wall Street Analysts Forecast Growth

CNTY has been the topic of a number of recent analyst reports. StockNews.com upgraded Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday. Macquarie lowered their price objective on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus raised their target price on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JMP Securities upgraded Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a report on Tuesday.

Century Casinos Company Profile

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. It develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. The company was founded in 1992 and is based in Colorado Springs, Colorado.