Century Aluminum Co (CENX) Expected to Post Quarterly Sales of $426.77 Million

Analysts forecast that Century Aluminum Co (NASDAQ:CENX) will report $426.77 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Century Aluminum’s earnings. The highest sales estimate is $430.64 million and the lowest is $422.89 million. Century Aluminum reported sales of $339.84 million during the same quarter last year, which indicates a positive year over year growth rate of 25.6%. The company is expected to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Century Aluminum will report full-year sales of $426.77 million for the current fiscal year, with estimates ranging from $1.58 billion to $1.59 billion. For the next year, analysts expect that the business will report sales of $1.78 billion per share, with estimates ranging from $1.69 billion to $1.87 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Century Aluminum.

A number of equities analysts recently weighed in on the company. BidaskClub raised Century Aluminum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Cowen set a $17.00 price target on Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Finally, Deutsche Bank cut Century Aluminum from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $14.00 in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Century Aluminum currently has a consensus rating of “Hold” and an average price target of $15.90.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlueCrest Capital Management Ltd purchased a new position in Century Aluminum in the 2nd quarter worth about $160,000. Piedmont Investment Advisors LLC purchased a new position in Century Aluminum in the 2nd quarter worth about $168,000. IndexIQ Advisors LLC increased its stake in Century Aluminum by 752.8% in the 3rd quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 9,086 shares in the last quarter. ARP Americas LLC purchased a new position in Century Aluminum during the 3rd quarter valued at about $202,000. Finally, UBS Asset Management Americas Inc. grew its stake in Century Aluminum by 15.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 2,200 shares in the last quarter. 68.02% of the stock is currently owned by hedge funds and other institutional investors.

Century Aluminum (CENX) opened at $24.34 on Monday. The firm has a market capitalization of $2,125.54, a PE ratio of -13.45 and a beta of 0.41. Century Aluminum has a 12 month low of $11.26 and a 12 month high of $24.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27.

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Century Aluminum Company Profile

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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