Brokerages expect Century Aluminum Co (NASDAQ:CENX) to announce sales of $426.77 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Century Aluminum’s earnings, with the highest sales estimate coming in at $430.64 million and the lowest estimate coming in at $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 business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Century Aluminum will report full-year sales of $426.77 million for the current financial year, with estimates ranging from $1.58 billion to $1.59 billion. For the next financial year, analysts expect that the firm will report sales of $1.84 billion per share, with estimates ranging from $1.81 billion to $1.87 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Century Aluminum.
A number of analysts recently issued reports on CENX shares. Deutsche Bank raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, October 17th. BidaskClub raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research raised shares of Century Aluminum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Cowen set a $16.00 target price on shares of Century Aluminum and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, BMO Capital Markets set a $16.00 price target on Century Aluminum and gave the stock a “hold” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.90.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kennedy Capital Management Inc. purchased a new position in Century Aluminum in the 4th quarter worth approximately $7,751,000. Lazard Asset Management LLC purchased a new position in Century Aluminum in the 4th quarter worth approximately $410,000. OppenheimerFunds Inc. boosted its holdings in Century Aluminum by 27.3% in the 4th quarter. OppenheimerFunds Inc. now owns 63,135 shares of the industrial products company’s stock worth $1,240,000 after acquiring an additional 13,555 shares during the period. Bank of New York Mellon Corp boosted its holdings in Century Aluminum by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 569,231 shares of the industrial products company’s stock worth $11,180,000 after acquiring an additional 3,120 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Century Aluminum by 16.4% in the 4th quarter. Rhumbline Advisers now owns 119,901 shares of the industrial products company’s stock worth $2,355,000 after acquiring an additional 16,923 shares during the period. Hedge funds and other institutional investors own 67.72% of the company’s stock.
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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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