Century Casinos (NASDAQ:CNTY) Releases Earnings Results

Century Casinos (NASDAQ:CNTY) posted its quarterly earnings results on Thursday. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.10), Zacks reports. Century Casinos had a negative return on equity of 41.20% and a negative net margin of 12.73%.

Century Casinos Stock Down 27.8 %

Shares of Century Casinos stock traded down $0.68 during midday trading on Thursday, hitting $1.76. The company had a trading volume of 245,964 shares, compared to its average volume of 116,547. The company has a 50 day moving average of $2.96 and a 200 day moving average of $3.13. The stock has a market capitalization of $53.85 million, a P/E ratio of -0.72 and a beta of 2.71. Century Casinos has a 52-week low of $1.64 and a 52-week high of $5.09. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79.

Analyst Upgrades and Downgrades

CNTY has been the topic of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $5.00 target price on shares of Century Casinos in a report on Monday, January 27th. Craig Hallum started coverage on Century Casinos in a research note on Tuesday, November 26th. They issued a “buy” rating and a $8.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

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.