I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.
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COLORADO SPRINGS, Colo., August 13, 2019 – Shares of Century Casinos Inc. (NASDAQ: CNTY) gained 0.24% to $8.47. The stock traded total volume of 70.062K shares lower than the average volume of 147.86K shares.
Century Casinos Inc. (CNTY) reported first-quarter earnings of $1.10M. On a per-share basis, the Colorado Springs, Colorado-based company said it had profit of 4 cents. The casino operator posted revenue of $45.60M in the period.
Balance Sheet and Liquidity
As of March 31, 2019, the Company had $49.50M in cash and cash equivalents and $67.80M in outstanding debt on its balance sheet contrast to $45.60M in cash and cash equivalents and $59.50M in outstanding debt at December 31, 2018. The outstanding debt as of March 31, 2019 included $48.00M related to the Company’s credit agreement with the Bank of Montreal, $3.30M of bank debt related to Casinos Poland, $2.30M of bank debt related to Century Casino Bath, and $14.60M related to a long-term land lease for Century Downs Racetrack and Casino (“CDR”), net of $0.50M in deferred financing costs. Capital leases are no longer included in outstanding debt, because of the Company’s adoption of Accounting Standards Update 2016-02, Leases (Topic 842), as of January 1, 2019 for the three months ended March 31, 2019.
CNTY has the market capitalization of $251.39M and its EPS growth ratio for the past five years was -15.00%. The return on assets ratio of the Company was 1.20% while its return on investment ratio stands at 3.20%. Price to sales ratio was 1.45 while 72.80% of the stock was owned by institutional investors.