Analysts expect that Century Casinos, Inc. (NASDAQ:CNTY) will post $39.83 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Century Casinos’ earnings. The lowest sales estimate is $38.30 million and the highest is $42.40 million. Century Casinos posted sales of $36.28 million in the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The firm is scheduled to report its next quarterly earnings report on Friday, March 9th.
On average, analysts expect that Century Casinos will report full year sales of $39.83 million for the current financial year, with estimates ranging from $153.10 million to $157.20 million. For the next fiscal year, analysts anticipate that the business will post sales of $169.17 million per share, with estimates ranging from $163.10 million to $172.60 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Century Casinos.
A number of research firms have recently weighed in on CNTY. Stifel Nicolaus began coverage on Century Casinos in a report on Wednesday, January 10th. They issued a “buy” rating and a $13.00 target price on the stock. BidaskClub upgraded Century Casinos from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research upgraded Century Casinos from a “hold” rating to a “strong-buy” rating and set a $9.00 price target on the stock in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.58.
Century Casinos (CNTY) traded down $0.16 during mid-day trading on Thursday, hitting $8.52. The stock had a trading volume of 40,070 shares, compared to its average volume of 79,518. Century Casinos has a 52 week low of $6.28 and a 52 week high of $9.85. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $244.71, a price-to-earnings ratio of 14.69 and a beta of -0.23.
Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in Century Casinos during the fourth quarter worth $100,000. Strs Ohio bought a new stake in Century Casinos during the fourth quarter worth $151,000. The Manufacturers Life Insurance Company lifted its holdings in Century Casinos by 21.1% during the second quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock worth $171,000 after acquiring an additional 4,044 shares during the period. Numeric Investors LLC bought a new stake in Century Casinos during the second quarter worth $203,000. Finally, Acadian Asset Management LLC bought a new stake in Century Casinos during the fourth quarter worth $216,000. Institutional investors and hedge funds own 63.74% of the company’s stock.
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Century Casinos Company Profile
Century Casinos, Inc is an international casino entertainment company. The Company develops and operates gaming establishments, as well as related lodging, restaurant and entertainment facilities around the world. Its segments include Canada, the United States, Poland, and Corporate and Other. The Canada segment consists of Century Casino & Hotel-Edmonton; Century Casino Calgary; Century Downs Racetrack and Casino, and Century Bets! Inc (Century Bets).
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