-$0.23 EPS Expected for Century Aluminum (CENX) This Quarter

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.

WARNING: “-$0.23 EPS Expected for Century Aluminum (CENX) This Quarter” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/21/0-23-eps-expected-for-century-aluminum-cenx-this-quarter.html.

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.

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.




Leave a Reply