Analysts expect that Century Aluminum Co (NASDAQ:CENX) will post $429.89 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Century Aluminum’s earnings, with the highest sales estimate coming in at $435.73 million and the lowest estimate coming in at $424.05 million. Century Aluminum posted sales of $339.84 million during the same quarter last year, which would indicate a positive year over year growth rate of 26.5%. The business is scheduled to report its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Century Aluminum will report full year sales of $429.89 million for the current year, with estimates ranging from $1.58 billion to $1.59 billion. For the next financial year, analysts forecast that the business will report sales of $1.70 billion per share, with estimates ranging from $1.64 billion to $1.75 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Century Aluminum.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $392.28 million. Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. Century Aluminum’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.31) EPS.
Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Cowen set a $17.00 price target on shares of Century Aluminum and gave the company a “hold” rating in a research report on Wednesday, October 11th. Finally, Deutsche Bank cut shares of Century Aluminum from a “buy” rating to a “hold” rating and decreased their price target for the company from $20.00 to $14.00 in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.90.
A number of hedge funds and other institutional investors have recently made changes to their positions in CENX. Schwab Charles Investment Management Inc. increased its position in Century Aluminum by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 469,206 shares of the industrial products company’s stock valued at $7,311,000 after acquiring an additional 3,096 shares during the period. Legal & General Group Plc increased its position in Century Aluminum by 8.3% in the 2nd quarter. Legal & General Group Plc now owns 96,802 shares of the industrial products company’s stock valued at $1,509,000 after acquiring an additional 7,448 shares during the period. BNP Paribas Arbitrage SA increased its position in Century Aluminum by 79.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,118 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 8,032 shares during the period. Prudential Financial Inc. increased its position in Century Aluminum by 26.2% in the 2nd quarter. Prudential Financial Inc. now owns 121,915 shares of the industrial products company’s stock valued at $1,900,000 after acquiring an additional 25,306 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Century Aluminum by 35.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,179,380 shares of the industrial products company’s stock valued at $33,955,000 after acquiring an additional 569,285 shares during the period. Hedge funds and other institutional investors own 67.98% of the company’s stock.
Shares of Century Aluminum (NASDAQ CENX) traded up $0.73 during trading hours on Thursday, reaching $21.74. 3,423,558 shares of the company traded hands, compared to its average volume of 1,975,892. The company has a market cap of $1,898.49, a P/E ratio of -12.01 and a beta of 0.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.27 and a current ratio of 2.61. Century Aluminum has a fifty-two week low of $10.10 and a fifty-two week high of $22.30.
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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.
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