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4-Traders Homepage  >  Equities  >  Nasdaq  >  Century Casinos, Inc.    CNTY

Delayed Quote. Delayed  - 12/07 10:00:00 pm
7.17 USD   -0.28%
11/02 CENTURY CASINOS : lays blame on remodeling for recent decline
11/02 CENTURY CASINOS : Announces Third Quarter 2016 Results
11/01 CENTURY CASINOS : posts 3Q profit
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Century Casinos : lays blame on remodeling for recent decline

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11/02/2016 | 08:05pm CET

Nov. 02--Colorado Springs-based Century Casinos Inc. on Tuesday blamed remodeling at its largest casino in Edmonton, Alberta, for a 30.8 percent decline in third-quarter profits.

Profits in the July-to-September quarter fell to $1.89 million, or 8 cents a share, from $2.73 million, or 11 cents a share, in the same quarter a year ago despite a 3 percent increase in revenue to $34.5 million. The company said it completed "extensive construction and remodel of the gaming floor, restaurants and bars. Earnings for the first nine months of the year were down 46 percent to $6.03 million, or 25 cents a share, from $11.2 million, or 46 cents a share, while revenue was up less than 1 percent to $102.3 million.

Century's co-CEOs Erwin Haitzmann and Peter Hoetzinger said in a news release that the company has opened three more casinos aboard cruise ships, acquired another casino in the Edmonton area, and was selected to build and operate a new horse track and casino, also in the Edmonton area.

Century's revenue fell short of analysts forecasts by $1.6 million and earnings missed their estimates by 2 cents a share. As a result, Century shares fell 25 cents, or 4 percent, to $6.09 Tuesday on the Nasdaq Stock Market.

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Contact Wayne Heilman: 636-0234

Twitter @wayneheilman

___

(c)2016 The Gazette (Colorado Springs, Colo.)

Visit The Gazette (Colorado Springs, Colo.) at www.gazette.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2016 139 M
EBIT 2016 16,1 M
Net income 2016 8,71 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 20,29
P/E ratio 2017 14,84
Capi. / Sales 2016 1,26x
Capi. / Sales 2017 1,15x
Capitalization 175 M
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Century Casinos, Inc. Technical Analysis Chart | CNTY | US1564921005 | 4-Traders
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 8,25 $
Spread / Average Target 15%
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Managers
NameTitle
Erwin Haitzmann Chairman & Co-Chief Executive Officer
Peter Hoetzinger Vice Chairman, President & Co-CEO
Andreas Terler Chief Information Officer & VP-Operations
Margaret M. Stapleton Chief Financial Officer, Secretary, CAO & EVP
Robert S. Eichberg Independent Non-Executive Director
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