Equities research analysts expect Century Aluminum Co (NASDAQ:CENX) to announce $471.38 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Century Aluminum’s earnings, with the highest sales estimate coming in at $483.17 million and the lowest estimate coming in at $456.07 million. Century Aluminum posted sales of $400.65 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.7%. The company is scheduled to report its next earnings report after the market closes on Thursday, October 25th.
According to Zacks, analysts expect that Century Aluminum will report full year sales of $1.91 billion for the current financial year, with estimates ranging from $1.89 billion to $1.92 billion. For the next fiscal year, analysts expect that the company will report sales of $2.32 billion, with estimates ranging from $2.14 billion to $2.45 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Century Aluminum.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Wednesday, August 1st. The industrial products company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The company had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $458.03 million. Century Aluminum had a return on equity of 8.11% and a net margin of 4.22%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS.
Several research firms have recently commented on CENX. B. Riley lowered their target price on Century Aluminum from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, October 4th. Deutsche Bank cut Century Aluminum from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $15.00 in a research note on Tuesday, October 2nd. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Monday, October 1st. Berenberg Bank assumed coverage on Century Aluminum in a research report on Friday, September 21st. They issued a “sell” rating and a $10.00 price target on the stock. Finally, BidaskClub lowered Century Aluminum from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.14.
Large investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in shares of Century Aluminum in the 2nd quarter worth $400,000. United Services Automobile Association bought a new position in shares of Century Aluminum in the 2nd quarter worth $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Century Aluminum in the 2nd quarter worth $166,000. CIBC World Markets Inc. bought a new position in shares of Century Aluminum in the 1st quarter worth $200,000. Finally, Engineers Gate Manager LP bought a new position in shares of Century Aluminum in the 2nd quarter worth $197,000. Institutional investors and hedge funds own 56.00% of the company’s stock.
NASDAQ CENX opened at $10.16 on Friday. The firm has a market capitalization of $1.05 billion, a PE ratio of 28.64 and a beta of 0.72. Century Aluminum has a 52 week low of $9.85 and a 52 week high of $24.77. The company has a quick ratio of 1.16, a current ratio of 2.89 and a debt-to-equity ratio of 0.29.
Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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