Century Casinos (NASDAQ:CNTY) Announces Quarterly Earnings Results

Century Casinos (NASDAQ:CNTY) posted its quarterly earnings results on Monday. The company reported ($0.26) EPS 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 firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter in the previous year, the company earned ($0.47) EPS.

Century Casinos Stock Up 14.1 %

Shares of Century Casinos stock traded up $0.52 during trading on Tuesday, hitting $4.22. 195,374 shares of the stock traded hands, compared to its average volume of 139,348. 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 52-week low of $1.94 and a 52-week high of $5.05. The stock’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.66. The firm has a market cap of $129.47 million, a P/E ratio of -1.55 and a beta of 2.55.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JMP Securities raised Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a report on Tuesday. Macquarie decreased their price target on shares of 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.