Century Casinos, Inc. (CNTY) Expected to Announce Quarterly Sales of $44.10 Million
Wall Street brokerages expect Century Casinos, Inc. (NASDAQ:CNTY) to report sales of $44.10 million for the current quarter, according to Zacks. Two analysts have provided estimates for Century Casinos’ earnings, with the highest sales estimate coming in at $44.20 million and the lowest estimate coming in at $44.00 million. Century Casinos reported sales of $40.62 million in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The company is expected to report its next earnings results on Wednesday, May 8th.
According to Zacks, analysts expect that Century Casinos will report full-year sales of $196.15 million for the current fiscal year, with estimates ranging from $195.40 million to $196.90 million. For the next year, analysts expect that the firm will post sales of $217.75 million, with estimates ranging from $211.40 million to $224.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Century Casinos.
Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Monday, March 11th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Century Casinos had a return on equity of 1.91% and a net margin of 2.01%. The firm had revenue of $45.11 million for the quarter, compared to analysts’ expectations of $42.85 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNTY. Algert Global LLC bought a new stake in shares of Century Casinos in the fourth quarter valued at approximately $99,000. Citadel Advisors LLC bought a new stake in shares of Century Casinos in the third quarter valued at approximately $106,000. Brandywine Global Investment Management LLC bought a new stake in shares of Century Casinos in the fourth quarter valued at approximately $117,000. BW Gestao de Investimentos Ltda. raised its position in shares of Century Casinos by 25.2% in the third quarter. BW Gestao de Investimentos Ltda. now owns 16,835 shares of the company’s stock valued at $126,000 after purchasing an additional 3,391 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Century Casinos by 45.2% in the fourth quarter. Rhumbline Advisers now owns 37,713 shares of the company’s stock valued at $279,000 after purchasing an additional 11,747 shares during the period. Hedge funds and other institutional investors own 77.93% of the company’s stock.
Century Casinos stock traded down $0.06 during midday trading on Wednesday, hitting $9.01. 31,600 shares of the stock were exchanged, compared to its average volume of 97,997. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.08 and a current ratio of 1.10. The stock has a market cap of $267.01 million, a PE ratio of 81.91, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. Century Casinos has a 52-week low of $5.77 and a 52-week high of $9.26.
About Century Casinos
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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