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

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Wall Street brokerages expect Century Aluminum Co (NASDAQ:CENX) to post earnings per share of ($0.23) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Century Aluminum’s earnings, with estimates ranging from ($0.30) to ($0.16). Century Aluminum posted earnings per share of $0.02 in the same quarter last year, which indicates a negative year over year growth rate of 1,250%. The business is expected to issue its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Century Aluminum will report full year earnings of ($1.19) per share for the current financial year. For the next financial year, analysts forecast that the business will report earnings of $0.70 per share, with EPS estimates ranging from $0.25 to $1.14. Zacks’ earnings per share averages 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 data on Thursday, August 1st. The industrial products company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.11. The firm had revenue of $473.10 million for the quarter, compared to analyst estimates of $475.87 million. Century Aluminum had a negative net margin of 7.28% and a negative return on equity of 15.98%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS.

Separately, BidaskClub raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Century Aluminum currently has a consensus rating of “Hold” and a consensus target price of $12.14.

Several hedge funds and other institutional investors have recently bought and sold shares of CENX. Tyers Asset Management LLC grew its position in shares of Century Aluminum by 27.8% in the 2nd quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock valued at $62,000 after buying an additional 1,936 shares during the last quarter. Ellington Management Group LLC purchased a new position in Century Aluminum during the 2nd quarter worth $74,000. Elkfork Partners LLC grew its position 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 worth $85,000 after purchasing an additional 2,662 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Century Aluminum by 893.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,598 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 10,430 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in Century Aluminum during the 2nd quarter worth $104,000. 54.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CENX traded up $0.16 during midday trading on Friday, reaching $7.18. The stock had a trading volume of 1,419,715 shares, compared to its average volume of 957,899. Century Aluminum has a 1-year low of $5.02 and a 1-year high of $13.47. The company’s fifty day simple moving average is $6.25 and its two-hundred day simple moving average is $7.22. The company has a market cap of $623.15 million, a price-to-earnings ratio of -51.29 and a beta of 1.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 0.79.

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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