Century Aluminum Co (CENX) Expected to Post Earnings of $0.23 Per Share

Equities analysts expect Century Aluminum Co (NASDAQ:CENX) to announce earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Century Aluminum’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.26. Century Aluminum reported earnings per share of ($0.12) in the same quarter last year, which would indicate a positive year-over-year growth rate of 291.7%. The company is expected to announce its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Century Aluminum will report full-year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.31 to $0.35. For the next fiscal year, analysts expect that the company will post earnings of $1.07 per share, with EPS estimates ranging from $1.05 to $1.09. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Century Aluminum.

CENX has been the subject of a number of research reports. Deutsche Bank raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, October 17th. JPMorgan Chase & Co. cut Century Aluminum from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $14.50 in a research note on Monday, October 30th. Zacks Investment Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Cowen set a $16.00 target price on Century Aluminum and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, BidaskClub raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $15.90.

Century Aluminum (CENX) traded down $1.02 during midday trading on Friday, reaching $22.61. The company had a trading volume of 2,077,754 shares, compared to its average volume of 1,997,747. Century Aluminum has a twelve month low of $11.26 and a twelve month high of $24.76. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32. The company has a market cap of $2,125.54, a PE ratio of -12.75 and a beta of 0.41.

Several institutional investors and hedge funds have recently modified their holdings of CENX. Balyasny Asset Management LLC grew its stake in shares of Century Aluminum by 742.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,027,819 shares of the industrial products company’s stock worth $47,173,000 after acquiring an additional 2,668,550 shares in the last quarter. ING Groep NV grew its stake in shares of Century Aluminum by 760.7% during the 3rd quarter. ING Groep NV now owns 2,443,639 shares of the industrial products company’s stock worth $40,516,000 after acquiring an additional 2,159,729 shares in the last quarter. Amerigo Asset Management bought a new position in shares of Century Aluminum during the 3rd quarter worth approximately $13,496,000. Teachers Advisors LLC grew its stake in shares of Century Aluminum by 448.1% during the 2nd quarter. Teachers Advisors LLC now owns 667,670 shares of the industrial products company’s stock worth $10,402,000 after acquiring an additional 545,844 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Century Aluminum by 15.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,808,095 shares of the industrial products company’s stock worth $28,170,000 after acquiring an additional 245,892 shares in the last quarter. 68.02% of the stock is owned by institutional investors.

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Century Aluminum Company Profile

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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