Analysts expect that Century Aluminum (NASDAQ:CENX) will post earnings of ($0.23) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Century Aluminum’s earnings. The lowest EPS estimate is ($0.36) and the highest is ($0.07). Century Aluminum posted earnings per share of ($0.05) during the same quarter last year, which would indicate a negative year-over-year growth rate of 360%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, May 3rd.
According to Zacks, analysts expect that Century Aluminum will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.13. For the next fiscal year, analysts forecast that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.15 to $2.57. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Century Aluminum.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $433.80 million for the quarter, compared to analysts’ expectations of $427.73 million. Century Aluminum had a net margin of 3.02% and a return on equity of 4.52%. The business’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share.
A number of research firms recently weighed in on CENX. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. JPMorgan Chase upgraded shares of Century Aluminum from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $18.00 to $14.50 in a research note on Wednesday, March 14th. ValuEngine upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Finally, Cowen upgraded shares of Century Aluminum from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $23.00 to $30.00 in a research note on Tuesday, March 13th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Century Aluminum currently has a consensus rating of “Buy” and a consensus price target of $21.50.
Shares of CENX traded down $0.66 during mid-day trading on Friday, hitting $17.65. 1,915,364 shares of the company’s stock were exchanged, compared to its average volume of 2,529,989. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.91. Century Aluminum has a fifty-two week low of $11.78 and a fifty-two week high of $24.77. The stock has a market capitalization of $1,603.27, a PE ratio of 49.03 and a beta of 0.87.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Century Aluminum during the fourth quarter worth approximately $272,000. Teacher Retirement System of Texas purchased a new stake in shares of Century Aluminum during the fourth quarter worth approximately $350,000. Lazard Asset Management LLC purchased a new stake in shares of Century Aluminum during the fourth quarter worth approximately $410,000. MetLife Investment Advisors LLC purchased a new stake in shares of Century Aluminum during the fourth quarter worth approximately $487,000. Finally, Alpha Windward LLC increased its stake in shares of Century Aluminum by 8.8% during the fourth quarter. Alpha Windward LLC now owns 33,540 shares of the industrial products company’s stock worth $659,000 after buying an additional 2,700 shares during the period. Hedge funds and other institutional investors own 65.18% of the company’s stock.
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Century Aluminum Company Profile
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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