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.
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.
COPYRIGHT VIOLATION NOTICE: “$436.92 Million in Sales Expected for Century Aluminum (CENX) This Quarter” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/09/436-92-million-in-sales-expected-for-century-aluminum-cenx-this-quarter.html.
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.
Get a free copy of the Zacks research report on Century Aluminum (CENX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.