Equities research analysts expect that Century Aluminum Co (NASDAQ:CENX) will post $0.16 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Century Aluminum’s earnings, with estimates ranging from ($0.11) to $0.43. Century Aluminum posted earnings per share of $0.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1,500%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that Century Aluminum will report full year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $1.05. For the next year, analysts expect that the firm will post earnings of $2.14 per share, with EPS estimates ranging from $1.60 to $2.69. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Century Aluminum.
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Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, May 3rd. The industrial products company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.14. Century Aluminum had a net margin of 3.75% and a return on equity of 4.59%. The business had revenue of $454.50 million for the quarter, compared to the consensus estimate of $439.06 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis.
Several equities analysts have weighed in on the stock. BidaskClub raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. ValuEngine downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Wednesday. Cowen lowered their target price on shares of Century Aluminum from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, May 4th. Finally, B. Riley began coverage on shares of Century Aluminum in a report on Thursday, June 21st. They issued a “buy” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.50.
Century Aluminum traded up $0.39, hitting $15.23, during trading hours on Friday, Marketbeat Ratings reports. 1,043,400 shares of the stock traded hands, compared to its average volume of 2,220,672. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.88 and a quick ratio of 1.21. Century Aluminum has a 1 year low of $12.94 and a 1 year high of $24.77. The company has a market capitalization of $1.30 billion, a P/E ratio of 41.14 and a beta of 0.78.
In other news, VP Michelle Harrison sold 14,398 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $17.39, for a total value of $250,381.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.59% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Century Aluminum during the first quarter valued at $353,000. Principal Financial Group Inc. raised its stake in Century Aluminum by 2.7% during the first quarter. Principal Financial Group Inc. now owns 382,560 shares of the industrial products company’s stock valued at $6,328,000 after purchasing an additional 10,091 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in Century Aluminum during the first quarter valued at $200,000. Legal & General Group Plc raised its stake in Century Aluminum by 11.9% during the first quarter. Legal & General Group Plc now owns 108,515 shares of the industrial products company’s stock valued at $1,783,000 after purchasing an additional 11,547 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Century Aluminum by 1,811.1% during the first quarter. Millennium Management LLC now owns 429,729 shares of the industrial products company’s stock valued at $7,108,000 after purchasing an additional 407,243 shares in the last quarter. 58.47% of the stock is currently owned by institutional investors.
Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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