Century Aluminum (CENX) Announces Quarterly Earnings, Misses Expectations By $0.18 EPS
Century Aluminum (NASDAQ:CENX) announced its earnings results on Thursday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.18, AnalystRatings.Net reports. The company had revenue of $420.80 million for the quarter, compared to the consensus estimate of $437.44 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 31.0% on a year-over-year basis.
A number of analysts have recently weighed in on CENX shares. Analysts at JPMorgan Chase & Co. upgraded shares of Century Aluminum from an “equal weight” rating to a “positive” rating in a research note on Thursday, March 6th. On the ratings front, analysts at Barclays raised their price target on shares of Century Aluminum from $11.00 to $13.00 in a research note on Friday, February 21st. They now have an “overweight” rating on the stock. Finally, analysts at Cowen and Company downgraded shares of Century Aluminum from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 5th. They now have a $9.00 price target on the stock, down previously from $10.00. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $9.92.
Century Aluminum (NASDAQ:CENX) remained flat at $13.80 during trading on Thursday. The stock had a trading volume of 658,100 shares. Century Aluminum has a one year low of $6.50 and a one year high of $14.24. The stock’s 50-day moving average is $12.97 and its 200-day moving average is $10.67. The company’s market cap is $1.224 billion.
Century Aluminum Company (NASDAQ:CENX) is engaged in producing aluminum.
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