Brokerages expect Century Aluminum Co (NASDAQ:CENX) to announce sales of $417.09 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Century Aluminum’s earnings, with the lowest sales estimate coming in at $411.10 million and the highest estimate coming in at $423.07 million. Century Aluminum reported sales of $486.90 million in the same quarter last year, which indicates a negative year-over-year growth rate of 14.3%. The company is expected to issue its next quarterly earnings results on Thursday, February 20th.
According to Zacks, analysts expect that Century Aluminum will report full-year sales of $1.82 billion for the current financial year, with estimates ranging from $1.81 billion to $1.82 billion. For the next financial year, analysts anticipate that the company will post sales of $1.73 billion, with estimates ranging from $1.64 billion to $1.83 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts 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 for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.09). The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $459.07 million. Century Aluminum had a negative net margin of 7.47% and a negative return on equity of 22.27%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share.
Shares of Century Aluminum stock traded up $0.13 during trading on Friday, hitting $6.93. The company’s stock had a trading volume of 1,069,076 shares, compared to its average volume of 1,345,154. The company has a market capitalization of $626.70 million, a PE ratio of -49.54 and a beta of 1.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.72 and a current ratio of 2.23. Century Aluminum has a 52 week low of $5.02 and a 52 week high of $9.98. The company has a fifty day simple moving average of $6.80 and a two-hundred day simple moving average of $6.55.
In related news, COO Jesse E. Gary sold 15,244 shares of Century Aluminum stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $8.36, for a total value of $127,439.84. Following the completion of the sale, the chief operating officer now directly owns 109,077 shares in the company, valued at approximately $911,883.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.03% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Century Aluminum by 2.7% in the 2nd quarter. BlackRock Inc. now owns 7,416,881 shares of the industrial products company’s stock worth $51,250,000 after purchasing an additional 195,810 shares during the period. Vanguard Group Inc. raised its stake in shares of Century Aluminum by 12.3% in the second quarter. Vanguard Group Inc. now owns 5,855,701 shares of the industrial products company’s stock worth $40,463,000 after buying an additional 642,337 shares during the period. State Street Corp lifted its position in shares of Century Aluminum by 1.0% during the 3rd quarter. State Street Corp now owns 1,473,305 shares of the industrial products company’s stock valued at $9,775,000 after buying an additional 14,622 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Century Aluminum by 0.5% during the 2nd quarter. Fisher Asset Management LLC now owns 1,414,830 shares of the industrial products company’s stock valued at $9,776,000 after buying an additional 7,024 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Century Aluminum by 53.0% during the 2nd quarter. Invesco Ltd. now owns 686,074 shares of the industrial products company’s stock valued at $4,741,000 after acquiring an additional 237,690 shares during the period. Institutional investors own 52.85% 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.
Read More: How accurate is the Rule of 72?
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.