Equities research analysts predict that Century Aluminum Co (NASDAQ:CENX) will announce $0.06 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Century Aluminum’s earnings, with estimates ranging from ($0.02) to $0.20. Century Aluminum posted earnings of $0.15 per share in the same quarter last year, which indicates a negative year over year growth rate of 60%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 25th.
On average, analysts expect that Century Aluminum will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.04 to $1.00. For the next financial year, analysts expect that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.29 to $1.94. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Century Aluminum.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Century Aluminum had a return on equity of 8.11% and a net margin of 4.22%. The firm had revenue of $470.00 million for the quarter, compared to analysts’ expectations of $458.03 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year.
CENX has been the topic of a number of recent research reports. B. Riley dropped their price objective on Century Aluminum from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, October 4th. Deutsche Bank cut Century Aluminum from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $15.00 in a report on Tuesday, October 2nd. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Monday, October 1st. Berenberg Bank initiated coverage on Century Aluminum in a report on Friday, September 21st. They set a “sell” rating and a $10.00 price objective on the stock. Finally, BidaskClub cut Century Aluminum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Century Aluminum presently has an average rating of “Hold” and a consensus price target of $17.14.
Shares of NASDAQ CENX opened at $10.18 on Thursday. Century Aluminum has a one year low of $9.85 and a one year high of $24.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 2.89. The firm has a market cap of $1.05 billion, a PE ratio of 28.28 and a beta of 0.72.
A number of institutional investors and hedge funds have recently modified their holdings of CENX. United Services Automobile Association bought a new position in Century Aluminum in the 2nd quarter worth about $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Century Aluminum in the 2nd quarter worth about $166,000. Engineers Gate Manager LP bought a new position in Century Aluminum in the 2nd quarter worth about $197,000. CIBC World Markets Inc. bought a new position in Century Aluminum in the 1st quarter worth about $200,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Century Aluminum by 497.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 10,450 shares during the last quarter. 56.00% of the stock is currently owned by institutional investors and hedge funds.
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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