Analysts Expect Century Aluminum Co (NASDAQ:CENX) Will Post Earnings of -$0.23 Per Share

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Wall Street analysts forecast that Century Aluminum Co (NASDAQ:CENX) will report ($0.23) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Century Aluminum’s earnings. The lowest EPS estimate is ($0.32) and the highest is ($0.10). Century Aluminum posted earnings of $0.32 per share in the same quarter last year, which would suggest a negative year over year growth rate of 171.9%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Century Aluminum will report full-year earnings of ($0.97) per share for the current financial year, with EPS estimates ranging from ($1.11) to ($0.83). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.68 to $1.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Century Aluminum.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.71) by $0.01. Century Aluminum had a negative net margin of 5.29% and a negative return on equity of 9.33%. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $482.58 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year.

CENX has been the topic of several research reports. Zacks Investment Research downgraded shares of Century Aluminum from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. BidaskClub downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Morgan Stanley reduced their price target on shares of Century Aluminum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 26th. ValuEngine upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Finally, TheStreet downgraded shares of Century Aluminum from a “c-” rating to a “d+” rating in a research report on Wednesday, May 22nd. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Century Aluminum has a consensus rating of “Hold” and an average price target of $12.14.

NASDAQ CENX traded up $0.07 on Friday, hitting $6.80. 18,731 shares of the company were exchanged, compared to its average volume of 1,586,514. The firm’s 50 day simple moving average is $6.43. The company has a market cap of $600.36 million, a P/E ratio of -48.71 and a beta of 1.77. The company has a current ratio of 2.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. Century Aluminum has a 1-year low of $5.37 and a 1-year high of $16.75.

In related news, Director Andrew G. Michelmore purchased 5,000 shares of Century Aluminum stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of $5.78 per share, for a total transaction of $28,900.00. Following the transaction, the director now directly owns 40,598 shares in the company, valued at $234,656.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.03% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. boosted its stake in Century Aluminum by 1,087.9% in the first quarter. Citigroup Inc. now owns 190,138 shares of the industrial products company’s stock valued at $1,689,000 after buying an additional 174,132 shares in the last quarter. Royce & Associates LP boosted its stake in Century Aluminum by 62.9% in the first quarter. Royce & Associates LP now owns 753,592 shares of the industrial products company’s stock valued at $6,692,000 after buying an additional 290,900 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Century Aluminum by 14.9% in the first quarter. Great West Life Assurance Co. Can now owns 69,249 shares of the industrial products company’s stock valued at $614,000 after buying an additional 9,000 shares in the last quarter. Texas Permanent School Fund boosted its stake in Century Aluminum by 4.3% in the first quarter. Texas Permanent School Fund now owns 33,500 shares of the industrial products company’s stock valued at $297,000 after buying an additional 1,387 shares in the last quarter. Finally, Comerica Bank boosted its stake in Century Aluminum by 3.1% in the first quarter. Comerica Bank now owns 48,969 shares of the industrial products company’s stock valued at $447,000 after buying an additional 1,476 shares in the last quarter. Institutional investors and hedge funds own 53.37% of the company’s stock.

Century Aluminum Company Profile

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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Earnings History and Estimates for Century Aluminum (NASDAQ:CENX)

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