Zacks: Brokerages Anticipate Century Casinos, Inc. (CNTY) Will Post Quarterly Sales of $42.75 Million

Wall Street brokerages expect Century Casinos, Inc. (NASDAQ:CNTY) to announce $42.75 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Century Casinos’ earnings. The lowest sales estimate is $42.10 million and the highest is $43.40 million. Century Casinos posted sales of $41.05 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The company is expected to announce its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that Century Casinos will report full-year sales of $165.80 million for the current fiscal year, with estimates ranging from $164.70 million to $166.90 million. For the next fiscal year, analysts forecast that the company will post sales of $194.85 million per share, with estimates ranging from $192.50 million to $197.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Century Casinos.

Century Casinos (NASDAQ:CNTY) last posted its earnings results on Wednesday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $39.65 million for the quarter, compared to analyst estimates of $38.55 million. Century Casinos had a return on equity of 5.01% and a net margin of 2.20%.

A number of analysts have recently issued reports on CNTY shares. Zacks Investment Research upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. ValuEngine upgraded shares of Century Casinos from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. TheStreet upgraded shares of Century Casinos from a “c+” rating to a “b” rating in a research note on Wednesday, May 16th. Stifel Nicolaus raised their target price on shares of Century Casinos from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. Finally, BidaskClub cut shares of Century Casinos from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.00.

In related news, Vice Chairman Peter Hoetzinger sold 94,397 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $8.97, for a total transaction of $846,741.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.70% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CNTY. Engineers Gate Manager LP bought a new position in Century Casinos during the first quarter worth about $106,000. Connors Investor Services Inc. bought a new position in Century Casinos during the first quarter worth about $149,000. Summit Trail Advisors LLC increased its position in Century Casinos by 591.7% during the first quarter. Summit Trail Advisors LLC now owns 166,285 shares of the company’s stock worth $166,000 after acquiring an additional 142,246 shares during the period. Stifel Financial Corp increased its position in Century Casinos by 88.7% during the first quarter. Stifel Financial Corp now owns 24,876 shares of the company’s stock worth $187,000 after acquiring an additional 11,690 shares during the period. Finally, Two Sigma Advisers LP bought a new position in Century Casinos during the fourth quarter worth about $237,000. 78.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ CNTY traded up $0.12 during mid-day trading on Friday, reaching $8.22. 80,800 shares of the company were exchanged, compared to its average volume of 110,827. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.70. The stock has a market cap of $238.13 million, a PE ratio of 18.29, a P/E/G ratio of 1.27 and a beta of -0.10. Century Casinos has a twelve month low of $6.59 and a twelve month high of $9.85.

Century Casinos Company Profile

Century Casinos, Inc operates as a casino entertainment company worldwide. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. It owns and operates casinos in North America and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada.

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