Analysts Expect Century Aluminum Co (CENX) Will Announce Earnings of $0.23 Per Share

Wall Street analysts forecast that Century Aluminum Co (NASDAQ:CENX) will post earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Century Aluminum’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.26. Century Aluminum reported earnings of ($0.12) per share during the same quarter last year, which indicates a positive year over year growth rate of 291.7%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Century Aluminum will report full-year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.35. For the next fiscal year, analysts anticipate that the company will report earnings of $1.07 per share, with EPS estimates ranging from $1.05 to $1.09. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Century Aluminum.

CENX has been the topic of a number of analyst reports. Deutsche Bank raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, October 17th. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. BMO Capital Markets set a $16.00 target price on shares of Century Aluminum and gave the company a “hold” rating in a report on Friday, October 27th. Cowen set a $16.00 target price on shares of Century Aluminum and gave the company a “hold” rating in a report on Sunday, October 29th. Finally, JPMorgan Chase & Co. cut shares of Century Aluminum from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $14.50 in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.90.

Century Aluminum (CENX) traded up $0.45 during trading hours on Monday, hitting $21.64. 1,992,880 shares of the company were exchanged, compared to its average volume of 1,971,426. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27. Century Aluminum has a 52 week low of $11.26 and a 52 week high of $24.76. The company has a market cap of $1,880.00, a PE ratio of -12.09 and a beta of 0.56.

A number of hedge funds have recently modified their holdings of the business. BlueCrest Capital Management Ltd bought a new position in shares of Century Aluminum in the second quarter worth $160,000. Piedmont Investment Advisors LLC bought a new position in shares of Century Aluminum in the second quarter worth $168,000. IndexIQ Advisors LLC increased its holdings in shares of Century Aluminum by 752.8% in the third 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 during the period. ARP Americas LLC bought a new position in shares of Century Aluminum in the third quarter worth $202,000. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Century Aluminum by 15.5% in the second quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 2,200 shares during the period. 67.72% of the stock is currently owned by institutional investors and hedge funds.

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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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