Century Casinos (NASDAQ:CNTY) Announces Earnings Results
Century Casinos (NASDAQ:CNTY) reported quarterly earnings of ($0.35) EPS, missing estimates of ($0.28) by ($0.07). Revenue was $157.95 million, below the expected $165.70 million. The company has a negative return on equity of 72.39% and a negative net margin of 18.43%. Institutional investors hold 66.36% of the stock, with a consensus rating of "Moderate Buy" and an average price target of $5.00. The stock traded at $1.73, with a market cap of $51.93 million and a PE ratio of -0.50.
Century Casinos (NASDAQ:CNTY - Get Free Report) posted its earnings results on Monday. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.07), Zacks reports. Century Casinos had a negative return on equity of 72.39% and a negative net margin of 18.43%.The firm had revenue of $157.95 million during the quarter, compared to the consensus estimate of $165.70 million.
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Century Casinos Price Performance
NASDAQ CNTY traded up $0.12 on Tuesday, reaching $1.73. The company's stock had a trading volume of 56,970 shares, compared to its average volume of 74,850. Century Casinos has a twelve month low of $1.30 and a twelve month high of $5.09. The company has a debt-to-equity ratio of 20.62, a quick ratio of 1.37 and a current ratio of 1.42. The firm's 50 day moving average is $2.40 and its two-hundred day moving average is $2.25. The stock has a market cap of $51.93 million, a PE ratio of -0.50 and a beta of 1.96.
Institutional Trading of Century Casinos
Several institutional investors and hedge funds have recently added to or reduced their stakes in CNTY. Goldman Sachs Group Inc. boosted its holdings in Century Casinos by 35.8% during the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company's stock worth $199,000 after buying an additional 30,998 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Century Casinos during the 2nd quarter valued at $51,000. Finally, Mink Brook Asset Management LLC lifted its position in shares of Century Casinos by 13.3% during the 2nd quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company's stock valued at $288,000 after acquiring an additional 16,004 shares during the last quarter. 66.36% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on CNTY shares. JMP Securities set a $3.00 price target on Century Casinos in a research report on Friday, July 18th. Weiss Ratings restated a "sell (d-)" rating on shares of Century Casinos in a research note on Wednesday, November 5th. Stifel Nicolaus set a $4.00 target price on shares of Century Casinos in a research report on Tuesday, October 21st. Finally, Citigroup reissued a "market outperform" rating on shares of Century Casinos in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5.00.
View Our Latest Research Report on Century Casinos
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.
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