Century Casinos (NASDAQ:CNTY) Issues Quarterly Earnings Results

Century Casinos (NASDAQ:CNTY) released its earnings results on Monday. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02), RTT News reports. Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. The company had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter in the previous year, the firm earned ($0.47) earnings per share.

Century Casinos Price Performance

Century Casinos stock opened at $3.97 on Wednesday. The firm has a market capitalization of $121.81 million, a P/E ratio of -1.63 and a beta of 2.55. Century Casinos has a one year low of $1.94 and a one year high of $5.05. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.96 and a quick ratio of 1.91. The business has a fifty day moving average price of $2.67 and a 200-day moving average price of $2.66.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CNTY. Stifel Nicolaus upped their price objective on Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com raised Century Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday. JMP Securities upgraded Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a research note on Tuesday. Finally, Macquarie lowered their price objective on Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th.

About Century Casinos

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.