Century Casinos (NASDAQ:CNTY) Issues Earnings Results

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

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 Trading Up 1.7%

Shares of NASDAQ CNTY traded up $0.02 during trading on Friday, reaching $1.21. The company had a trading volume of 30,560 shares, compared to its average volume of 77,834. Century Casinos has a twelve month low of $1.14 and a twelve month high of $2.85. The stock has a 50-day moving average price of $1.29 and a two-hundred day moving average price of $1.41. The stock has a market capitalization of $34.04 million, a PE ratio of -0.62 and a beta of 1.68.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CNTY. Goldman Sachs Group Inc. grew its holdings 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 worth $199,000 after buying an additional 30,998 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Century Casinos during the second quarter valued at approximately $51,000. Mink Brook Asset Management LLC boosted its position in Century Casinos by 13.3% during the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock worth $288,000 after acquiring an additional 16,004 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Century Casinos during the third quarter worth approximately $34,000. Finally, Squarepoint Ops LLC grew its stake in Century Casinos by 18.5% in the 3rd quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock worth $197,000 after acquiring an additional 11,793 shares during the period. Institutional investors and hedge funds own 66.36% of the company’s stock.

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.