Century Casinos (NASDAQ:CNTY) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Posted by Donald Scott on Nov 7th, 2024

Century Casinos (NASDAQ:CNTY – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $158.10 million. During the same period in the prior year, the firm posted ($0.47) EPS.

Century Casinos Stock Up 3.6 %

Shares of CNTY stock traded up $0.14 during trading hours on Thursday, reaching $4.01. 100,195 shares of the company’s stock were exchanged, compared to its average volume of 140,160. The stock’s 50 day moving average is $2.70 and its 200-day moving average is $2.67. The company has a market cap of $123.04 million, a price-to-earnings ratio of -1.59 and a beta of 2.55. The company has a current ratio of 1.96, a quick ratio of 1.91 and a debt-to-equity ratio of 6.22. Century Casinos has a fifty-two week low of $1.94 and a fifty-two week high of $5.05.

Analysts Set New Price Targets

CNTY has been the subject of several research analyst reports. Macquarie decreased their price target on shares of Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a research note on Tuesday. StockNews.com raised shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of Century Casinos from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday.

Check Out Our Latest Analysis on Century Casinos

About Century Casinos

(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.