Century Aluminum Company (CENX) Announces Earnings Results, Misses Expectations By $0.28 EPS
Century Aluminum Company (NASDAQ:CENX) issued its earnings results on Wednesday. The industrial products company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.28, Bloomberg Earnings reports. The firm had revenue of $388.80 million during the quarter, compared to analysts’ expectations of $398.33 million. Century Aluminum had a negative net margin of 18.40% and a negative return on equity of 5.85%. Century Aluminum’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS.
Century Aluminum (CENX) traded down 0.98% during midday trading on Friday, reaching $13.20. The company’s stock had a trading volume of 380,679 shares. The stock’s market cap is $1.15 billion. Century Aluminum has a 12-month low of $5.53 and a 12-month high of $19.08. The stock’s 50 day moving average is $16.28 and its 200 day moving average is $14.43.
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A number of equities research analysts recently commented on CENX shares. Cowen and Company dropped their target price on Century Aluminum from $11.00 to $8.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 19th. BMO Capital Markets reiterated a “hold” rating and issued a $14.00 target price on shares of Century Aluminum in a research report on Wednesday, April 26th. BidaskClub upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, June 14th. Finally, Deutsche Bank AG upgraded Century Aluminum from a “sell” rating to a “hold” rating and upped their target price for the company from $10.00 to $15.00 in a research report on Friday, June 23rd. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.20.
In other Century Aluminum news, insider Michael A. Bless sold 27,618 shares of Century Aluminum stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $14.88, for a total transaction of $410,955.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.
About Century Aluminum
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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