Century Casinos (NASDAQ:CNTY - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.02), RTT News reports. The firm had revenue of $155.70 million for the quarter, compared to the consensus estimate of $158.10 million. Century Casinos had a negative net margin of 13.65% and a negative return on equity of 40.28%. During the same quarter last year, the company earned ($0.47) earnings per share.
Century Casinos Stock Performance
Shares of NASDAQ CNTY traded up $0.27 during trading hours on Tuesday, reaching $3.97. The stock had a trading volume of 399,037 shares, compared to its average volume of 140,300. Century Casinos has a twelve month low of $1.94 and a twelve month 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's fifty day moving average is $2.64 and its two-hundred day moving average is $2.66. The company has a market cap of $121.81 million, a price-to-earnings ratio of -1.76 and a beta of 2.55.
Wall Street Analysts Forecast Growth
CNTY has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price target on Century Casinos from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday. Macquarie cut their target price 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. Finally, JMP Securities upgraded shares of Century Casinos from a "market perform" rating to an "outperform" rating and set a $5.00 price objective on the stock in a report on Tuesday.
Read Our Latest Report on CNTY
About Century Casinos
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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.
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