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

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

Century Casinos Stock Up 4.7 %

CNTY stock traded up $0.18 during midday trading on Thursday, reaching $4.05. 108,328 shares of the company’s stock traded hands, compared to its average volume of 140,197. The company has a quick ratio of 1.91, a current ratio of 1.96 and a debt-to-equity ratio of 6.22. The firm’s fifty day moving average price is $2.70 and its 200-day moving average price is $2.67. Century Casinos has a 52 week low of $1.94 and a 52 week high of $5.05. The company has a market cap of $124.27 million, a price-to-earnings ratio of -1.59 and a beta of 2.55.

Wall Street Analysts Forecast Growth

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

About Century Casinos

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.