Equities research analysts forecast that Century Casinos, Inc. (NASDAQ:CNTY) will post sales of $39.83 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Century Casinos’ earnings. The highest sales estimate is $42.40 million and the lowest is $38.30 million. Century Casinos reported sales of $36.28 million in the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The business is expected to report its next quarterly earnings report before the market opens on Friday, March 9th.
According to Zacks, 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 financial 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 an average based on a survey of analysts that that provide coverage for Century Casinos.
Several research firms have weighed in on CNTY. BidaskClub upgraded Century Casinos from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus began coverage on Century Casinos in a research report on Wednesday, January 10th. They set a “buy” rating and a $13.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.58.
Century Casinos (CNTY) traded up $0.09 on Friday, reaching $8.62. The company had a trading volume of 41,469 shares, compared to its average volume of 87,610. Century Casinos has a twelve month low of $6.28 and a twelve month high of $9.85. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. The company has a market cap of $235.52, a PE ratio of 14.71 and a beta of -0.06.
A number of hedge funds have recently bought and sold shares of CNTY. Citadel Advisors LLC bought a new position in Century Casinos during the 4th quarter worth $100,000. Strs Ohio bought a new position in Century Casinos during the 4th quarter worth $151,000. The Manufacturers Life Insurance Company increased its position in Century Casinos by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,207 shares of the company’s stock worth $171,000 after buying an additional 4,044 shares during the period. Acadian Asset Management LLC bought a new position in Century Casinos during the 4th quarter worth $216,000. Finally, First Trust Advisors LP increased its position in Century Casinos by 33.0% during the 4th quarter. First Trust Advisors LP now owns 24,168 shares of the company’s stock worth $221,000 after buying an additional 5,998 shares during the period. Hedge funds and other institutional investors own 78.10% 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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