Century Casinos (NASDAQ:CNTY) Posts Earnings Results, Beats Estimates By $0.06 EPS

Century Casinos (NASDAQ:CNTY) released its quarterly earnings data on Friday. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.06, Zacks reports. Century Casinos had a negative return on equity of 364.04% and a negative net margin of 10.72%.

Here are the key takeaways from Century Casinos’ conference call:

• Record Q1 — net operating revenue rose 5% year-over-year (the highest Q1 in company history) and Adjusted EBITDAR increased 24%, with every U.S. and Canadian property posting revenue and EBITDAR growth.
• Nugget outperformance — EBITDA nearly doubled (+93%), driven by a 31% increase in hotel cash revenue, stronger F&B and sold-out concerts that are boosting hotel and casino cross?sell.
• Margin and operational gains — digital marketing shifts, targeted promotions, reduced freeplay and cross-property purchasing initiatives improved flow?through, with some properties reaching margins in the high 30s to >40%.
• Balance sheet priorities — cash of $60M, total debt $337M, net debt/EBITDA 6.9x and no debt maturities until 2029; management has paused buybacks and is prioritizing deleveraging using operating cash flow and proceeds from asset sales.
• Poland is a mixed picture — revenue edged up 2.3% but EBITDA fell 8%; a second Wroclaw location opened in February and the company is pursuing a sale of the Polish subsidiary to reallocate capital.

Century Casinos Stock Performance

Century Casinos stock traded up $0.03 during trading hours on Friday, reaching $1.50. 160,355 shares of the company were exchanged, compared to its average volume of 38,976. The firm has a market cap of $42.30 million, a price-to-earnings ratio of -0.74 and a beta of 1.69. The company has a current ratio of 1.30, a quick ratio of 1.26 and a debt-to-equity ratio of 83.68. The stock has a 50-day moving average of $1.46 and a 200 day moving average of $1.54. Century Casinos has a 12 month low of $1.23 and a 12 month high of $2.85.

Institutional Investors Weigh In On Century Casinos

A number of large investors have recently added to or reduced their stakes in CNTY. Veradace Capital Management LLC bought a new stake in Century Casinos during the fourth quarter worth approximately $2,076,000. Renaissance Technologies LLC boosted its position in Century Casinos by 58.5% during the fourth quarter. Renaissance Technologies LLC now owns 287,849 shares of the company’s stock worth $383,000 after purchasing an additional 106,200 shares during the period. NewEdge Advisors LLC bought a new stake in Century Casinos during the third quarter worth approximately $117,000. Goldman Sachs Group Inc. boosted its position in Century Casinos by 35.8% during the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock worth $199,000 after purchasing an additional 30,998 shares during the period. Finally, XTX Topco Ltd bought a new stake in Century Casinos during the second quarter worth approximately $51,000. Institutional investors own 66.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus set a $3.00 price objective on Century Casinos in a report on Friday, March 13th. Weiss Ratings upgraded Century Casinos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.00.

Century Casinos Company Profile

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.