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

Century Casinos (NASDAQ:CNTY) issued its quarterly earnings data 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 return on equity of 40.28% and a negative net margin of 13.65%. The company had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $158.10 million. During the same quarter last year, the company earned ($0.47) earnings per share.

Century Casinos Stock Performance

Shares of Century Casinos stock traded up $0.52 during midday trading on Tuesday, hitting $4.22. The company had a trading volume of 195,374 shares, compared to its average volume of 139,348. The stock has a market cap of $129.47 million, a price-to-earnings ratio of -1.55 and a beta of 2.55. Century Casinos has a 12-month low of $1.94 and a 12-month high of $5.05. The company has a quick ratio of 1.91, a current ratio of 1.96 and a debt-to-equity ratio of 6.22. The company has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $2.66.

Wall Street Analysts Forecast Growth

Several analysts have commented on CNTY shares. 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 report 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 target price for the company in a research report on Tuesday.

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.