$436.92 Million in Sales Expected for Century Aluminum (CENX) This Quarter

Equities analysts predict that Century Aluminum (NASDAQ:CENX) will announce $436.92 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Century Aluminum’s earnings. The lowest sales estimate is $432.93 million and the highest is $440.90 million. Century Aluminum posted sales of $365.79 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.4%. The firm is scheduled to report its next quarterly earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Century Aluminum will report full year sales of $436.92 million for the current year, with estimates ranging from $1.91 billion to $2.07 billion. For the next financial year, analysts anticipate that the company will post sales of $2.28 billion per share, with estimates ranging from $2.19 billion to $2.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Century Aluminum.

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Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Century Aluminum had a return on equity of 4.52% and a net margin of 3.02%. The firm had revenue of $433.80 million for the quarter, compared to the consensus estimate of $427.73 million. During the same period in the previous year, the business earned ($0.12) EPS. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis.

A number of analysts have commented on the company. ValuEngine cut Century Aluminum from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Cowen lowered their price target on Century Aluminum from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, April 4th. Zacks Investment Research cut Century Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 16th. BidaskClub cut Century Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $20.00 price target (up previously from $18.00) on shares of Century Aluminum in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Century Aluminum has an average rating of “Hold” and an average target price of $20.10.

Shares of CENX opened at $16.79 on Friday. Century Aluminum has a one year low of $11.59 and a one year high of $24.77. The company has a quick ratio of 1.24, a current ratio of 2.91 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1,470.18, a price-to-earnings ratio of 46.64 and a beta of 0.87.

Several hedge funds have recently modified their holdings of the company. Alpha Windward LLC lifted its holdings in shares of Century Aluminum by 8.8% in the 4th quarter. Alpha Windward LLC now owns 33,540 shares of the industrial products company’s stock valued at $659,000 after buying an additional 2,700 shares during the period. Pinebridge Investments L.P. lifted its holdings in shares of Century Aluminum by 4.6% in the 4th quarter. Pinebridge Investments L.P. now owns 65,778 shares of the industrial products company’s stock valued at $1,292,000 after buying an additional 2,892 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Century Aluminum by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 569,231 shares of the industrial products company’s stock valued at $11,180,000 after buying an additional 3,120 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Century Aluminum by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 18,660 shares of the industrial products company’s stock valued at $309,000 after buying an additional 6,930 shares during the period. Finally, OppenheimerFunds Inc. lifted its holdings in shares of Century Aluminum by 27.3% in the 4th quarter. OppenheimerFunds Inc. now owns 63,135 shares of the industrial products company’s stock valued at $1,240,000 after buying an additional 13,555 shares during the period. 65.18% of the stock is owned by institutional investors and hedge funds.

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About Century Aluminum

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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