Century Casinos (NASDAQ:CNTY) Posts Earnings Results, Misses Expectations By $0.02 EPS

by · The Cerbat Gem

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

Century Casinos Trading Down 2.5 %

Shares of CNTY stock traded down $0.10 on Wednesday, reaching $3.87. The company had a trading volume of 150,073 shares, compared to its average volume of 140,345. The company has a 50-day moving average of $2.67 and a 200-day moving average of $2.66. Century Casinos has a 12 month low of $1.94 and a 12 month high of $5.05. The stock has a market cap of $118.74 million, a PE ratio of -1.63 and a beta of 2.55. The company has a current ratio of 1.96, a quick ratio of 1.91 and a debt-to-equity ratio of 6.22.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on CNTY

Century Casinos Company Profile

(Get Free Report)

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.

See Also