Analysts expect that Century Aluminum (NASDAQ:CENX) will post sales of $468.41 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Century Aluminum’s earnings, with estimates ranging from $464.42 million to $472.40 million. Century Aluminum reported sales of $388.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Century Aluminum will report full year sales of $1.94 billion for the current financial year. For the next fiscal year, analysts expect that the firm will report sales of $2.24 billion per share, with estimates ranging from $2.16 billion to $2.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Century Aluminum.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, May 3rd. The industrial products company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.14. Century Aluminum had a net margin of 3.75% and a return on equity of 4.59%. The business had revenue of $454.50 million for the quarter, compared to analyst estimates of $439.06 million. During the same period last year, the company posted ($0.05) EPS. The business’s revenue was up 24.2% on a year-over-year basis.
A number of research firms have weighed in on CENX. Zacks Investment Research raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. BidaskClub lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. BMO Capital Markets reissued a “market perform” rating and issued a $20.00 target price (up from $18.00) on shares of Century Aluminum in a research note on Friday, February 23rd. JPMorgan Chase raised shares of Century Aluminum from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $18.00 to $14.50 in a research note on Wednesday, March 14th. Finally, Cowen raised shares of Century Aluminum from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $23.00 to $30.00 in a research note on Tuesday, March 13th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.60.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Century Aluminum by 1.4% during the 1st quarter. BlackRock Inc. now owns 6,464,997 shares of the industrial products company’s stock valued at $106,930,000 after buying an additional 89,725 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Century Aluminum during the 1st quarter valued at approximately $321,000. Hood River Capital Management LLC raised its position in shares of Century Aluminum by 1.8% during the 1st quarter. Hood River Capital Management LLC now owns 651,452 shares of the industrial products company’s stock valued at $10,775,000 after buying an additional 11,583 shares during the period. Swiss National Bank increased its holdings in Century Aluminum by 5.6% in the 1st quarter. Swiss National Bank now owns 91,150 shares of the industrial products company’s stock valued at $1,508,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Century Aluminum in the 1st quarter valued at approximately $2,183,000. 64.95% of the stock is currently owned by hedge funds and other institutional investors.
CENX opened at $15.36 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.88. Century Aluminum has a 1-year low of $15.32 and a 1-year high of $15.85. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 42.67 and a beta of 0.86.
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.