Century Casinos (NASDAQ:CNTY) Announces Earnings Results

Century Casinos (NASDAQ:CNTY) posted its quarterly earnings results on Monday. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02), RTT News reports. The business had revenue of $155.70 million for the quarter, compared to the consensus estimate 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 in the prior year, the business earned ($0.47) earnings per share.

Century Casinos Trading Up 3.6 %

Shares of NASDAQ:CNTY traded up $0.14 during trading hours on Thursday, hitting $4.01. 100,195 shares of the company’s stock traded hands, compared to its average volume of 140,160. Century Casinos has a 1 year low of $1.94 and a 1 year high of $5.05. The business has a fifty day moving average price of $2.70 and a 200-day moving average price of $2.67. The firm has a market capitalization of $123.04 million, a P/E ratio of -1.59 and a beta of 2.55. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.96 and a quick ratio of 1.91.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CNTY. Macquarie reduced their target price on 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 upgraded Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday. 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 research report on Tuesday. Finally, Stifel Nicolaus lifted their price target on Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research 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.