Century Aluminum Company (CENX) Posts Earnings Results, Misses Expectations By $0.08 EPS

Century Aluminum Company (NASDAQ:CENX) announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08), Bloomberg Earnings reports. The firm had revenue of $388.80 million for the quarter, compared to analysts’ expectations of $392.28 million. Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.31) EPS.

Century Aluminum (NASDAQ CENX) traded up $0.09 during trading hours on Friday, reaching $14.34. 1,208,800 shares of the company’s stock were exchanged, compared to its average volume of 2,487,698. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27. Century Aluminum has a 1-year low of $8.39 and a 1-year high of $20.68.

Several research analysts have commented on CENX shares. BidaskClub lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co upgraded shares of Century Aluminum from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $15.00 to $22.00 in a report on Monday, August 21st. Cowen and Company set a $17.00 price objective on shares of Century Aluminum and gave the stock a “hold” rating in a report on Wednesday, October 11th. Macquarie started coverage on shares of Century Aluminum in a report on Thursday, September 7th. They issued a “neutral” rating for the company. Finally, Deutsche Bank AG upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, October 17th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.10.

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About Century Aluminum

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

Earnings History for Century Aluminum (NASDAQ:CENX)

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