Century Casinos (NASDAQ:CNTY) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Century Casinos (NASDAQ:CNTY) announced its earnings results on Friday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.06), FiscalAI reports. Century Casinos had a negative net margin of 9.88% and a negative return on equity of 3,789.52%. The business had revenue of $152.00 million for the quarter, compared to analysts’ expectations of $153.87 million.

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

• Positive Sentiment: Century Casinos reported record second-quarter results, with net operating revenue rising 1% to $152 million and Adjusted EBITDAR increasing 5% to $31.7 million.
• Positive Sentiment: North American operations drove performance, with U.S. revenue up 5% and EBITDAR up 12%; first-half U.S. EBITDAR increased 16%. The Nugget was a standout, with revenue up 16% and EBITDAR up more than 93% for its third consecutive quarter of growth.
• Positive Sentiment: Management expects continued momentum, citing strong July EBITDA growth, the ramp-up of recent capital investments, lower planned 2026 capital expenditures of approximately $15 million, and net leverage falling below 6x by year-end.
• Negative Sentiment: Poland materially underperformed because of the Hilton Warsaw closure, startup losses at the new Wroclaw casino, and unusually low table-game hold; second-quarter EBITDAR was approximately $0.1 million. Management said July improved but characterized normalized annual EBITDAR potential as closer to $8 million than the previously cited $10 million.
• Neutral Sentiment: The company is exploring sales of its international operations in Canada and Poland to become more U.S.-centric and reduce leverage, with potential transaction announcements before year-end, though no definitive agreements have been reached.

Century Casinos Price Performance

Shares of CNTY traded up $0.02 during midday trading on Friday, hitting $1.21. The stock had a trading volume of 30,560 shares, compared to its average volume of 77,834. Century Casinos has a 1 year low of $1.14 and a 1 year high of $2.85. The firm has a market cap of $34.04 million, a PE ratio of -0.62 and a beta of 1.68. The stock’s 50 day moving average is $1.29 and its 200 day moving average is $1.41.

Hedge Funds Weigh In On Century Casinos

Large investors have recently made changes to their positions in the company. Veradace Capital Management LLC purchased a new stake in Century Casinos in the 4th quarter worth about $2,076,000. Renaissance Technologies LLC lifted its stake in Century Casinos by 58.5% in 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 last quarter. Mink Brook Asset Management LLC boosted its position in shares of Century Casinos by 13.3% during the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock valued at $288,000 after buying an additional 16,004 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Century Casinos by 35.8% during the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after buying an additional 30,998 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Century Casinos by 149.9% during the fourth quarter. XTX Topco Ltd now owns 39,859 shares of the company’s stock valued at $53,000 after buying an additional 23,909 shares during the last quarter. 66.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Century Casinos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” 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.