Wall Street brokerages expect that Century Aluminum Co (NASDAQ:CENX) will post sales of $417.09 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Century Aluminum’s earnings. The highest sales estimate is $423.07 million and the lowest is $411.10 million. Century Aluminum posted sales of $486.90 million during the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The business is expected to issue its next quarterly earnings report on Thursday, February 20th.
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On average, analysts expect that Century Aluminum will report full year sales of $1.82 billion for the current fiscal year, with estimates ranging from $1.81 billion to $1.82 billion. For the next financial year, analysts expect that the firm will report sales of $1.73 billion, with estimates ranging from $1.64 billion to $1.83 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Century Aluminum.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.09). Century Aluminum had a negative return on equity of 21.94% and a negative net margin of 7.47%. The business had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $459.07 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Century Aluminum’s revenue for the quarter was down 9.1% compared to the same quarter last year.
CENX has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on Century Aluminum from $7.00 to $9.00 and gave the company an “outperform” rating in a research report on Wednesday. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $10.40.
In other Century Aluminum news, COO Jesse E. Gary sold 15,244 shares of Century Aluminum stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $8.36, for a total transaction of $127,439.84. Following the sale, the chief operating officer now owns 109,077 shares of the company’s stock, valued at approximately $911,883.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.03% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in Century Aluminum by 1,471.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,512 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 7,034 shares in the last quarter. Tyers Asset Management LLC raised its stake in Century Aluminum by 27.8% during the 2nd quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 1,936 shares in the last quarter. Ellington Management Group LLC bought a new stake in Century Aluminum during the 2nd quarter valued at $74,000. Elkfork Partners LLC raised its stake in Century Aluminum by 27.8% during the 2nd quarter. Elkfork Partners LLC now owns 12,254 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 2,662 shares in the last quarter. Finally, First Republic Investment Management Inc. bought a new stake in shares of Century Aluminum in the 2nd quarter worth $104,000. 53.92% of the stock is currently owned by hedge funds and other institutional investors.
CENX stock traded down $0.05 during midday trading on Thursday, hitting $8.28. 1,496,300 shares of the company’s stock were exchanged, compared to its average volume of 1,362,803. Century Aluminum has a 12-month low of $5.02 and a 12-month high of $9.98. The stock has a market capitalization of $626.70 million, a price-to-earnings ratio of -59.14 and a beta of 1.89. The company has a current ratio of 2.45, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $6.53 and a 200-day moving average price of $6.68.
About Century Aluminum
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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