Century Casinos (NASDAQ:CNTY) Releases Earnings Results, Beats Expectations By $0.06 EPS

Century Casinos (NASDAQ:CNTY) issued its quarterly earnings results on Friday. The company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.06, Zacks reports. The company had revenue of $137.24 million during the quarter, compared to the consensus estimate of $138.40 million. Century Casinos had a negative return on equity of 364.04% and a negative net margin of 10.72%.

Here are the key takeaways from Century Casinos’ conference call:

• Record Q1 — net operating revenue rose 5% year-over-year (the highest Q1 in company history) and Adjusted EBITDAR increased 24%, with every U.S. and Canadian property posting revenue and EBITDAR growth.
• Nugget outperformance — EBITDA nearly doubled (+93%), driven by a 31% increase in hotel cash revenue, stronger F&B and sold-out concerts that are boosting hotel and casino cross‑sell.
• Margin and operational gains — digital marketing shifts, targeted promotions, reduced freeplay and cross-property purchasing initiatives improved flow‑through, with some properties reaching margins in the high 30s to >40%.
• Balance sheet priorities — cash of $60M, total debt $337M, net debt/EBITDA 6.9x and no debt maturities until 2029; management has paused buybacks and is prioritizing deleveraging using operating cash flow and proceeds from asset sales.
• Poland is a mixed picture — revenue edged up 2.3% but EBITDA fell 8%; a second Wroclaw location opened in February and the company is pursuing a sale of the Polish subsidiary to reallocate capital.

Century Casinos Price Performance

Shares of NASDAQ CNTY opened at $1.50 on Friday. The stock has a fifty day simple moving average of $1.46 and a two-hundred day simple moving average of $1.54. Century Casinos has a 1-year low of $1.23 and a 1-year high of $2.85. The firm has a market cap of $42.30 million, a price-to-earnings ratio of -0.77 and a beta of 1.69. The company has a current ratio of 1.30, a quick ratio of 1.26 and a debt-to-equity ratio of 83.68.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CNTY. Weiss Ratings raised Century Casinos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. Stifel Nicolaus set a $3.00 price target on Century Casinos in a research report on Friday, March 13th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $3.00.

Hedge Funds Weigh In On Century Casinos

Several institutional investors and hedge funds have recently bought and sold shares of CNTY. Goldman Sachs Group Inc. boosted its holdings in shares of Century Casinos by 35.8% in the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock worth $199,000 after acquiring an additional 30,998 shares during the period. XTX Topco Ltd bought a new position in shares of Century Casinos in the second quarter worth $51,000. Mink Brook Asset Management LLC boosted its holdings in shares of Century Casinos by 13.3% in the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock worth $288,000 after acquiring an additional 16,004 shares during the period. Franklin Resources Inc. bought a new position in shares of Century Casinos in the third quarter worth $34,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Century Casinos by 18.5% in the third quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock worth $197,000 after acquiring an additional 11,793 shares during the period. 66.36% of the stock is owned by institutional investors.

About Century Casinos

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.