Century Aluminum Co (NASDAQ:CENX) – Equities research analysts at B. Riley raised their Q4 2019 earnings per share estimates for Century Aluminum in a note issued to investors on Wednesday, November 6th. B. Riley analyst L. Pipes now expects that the industrial products company will post earnings per share of ($0.02) for the quarter, up from their previous estimate of ($0.03). B. Riley also issued estimates for Century Aluminum’s FY2020 earnings at $1.37 EPS and FY2021 earnings at $2.27 EPS.
Several other research firms also recently weighed in on CENX. BidaskClub raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. BMO Capital Markets lifted their price target on shares of Century Aluminum from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Century Aluminum has an average rating of “Hold” and an average target price of $10.40.
Shares of Century Aluminum stock traded down $0.05 on Friday, hitting $8.28. 1,496,300 shares of the company traded hands, compared to its average volume of 1,362,803. The stock’s 50 day moving average price is $6.51 and its 200-day moving average price is $6.68. The company has a current ratio of 2.45, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. Century Aluminum has a 52 week low of $5.02 and a 52 week high of $9.98. The company has a market cap of $626.70 million, a PE ratio of -59.14 and a beta of 1.89.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.09). The firm had revenue of $438.00 million during the quarter, compared to the consensus estimate of $459.07 million. Century Aluminum had a negative return on equity of 21.94% and a negative net margin of 7.47%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS.
Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of Century Aluminum by 1,471.5% during the third quarter. Tower Research Capital LLC TRC now owns 7,512 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 7,034 shares in the last quarter. Tyers Asset Management LLC increased its holdings in Century Aluminum by 27.8% during the second quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock valued at $62,000 after buying an additional 1,936 shares during the period. Ellington Management Group LLC purchased a new position in Century Aluminum during the second quarter valued at approximately $74,000. Elkfork Partners LLC increased its holdings in Century Aluminum by 27.8% during the second quarter. Elkfork Partners LLC now owns 12,254 shares of the industrial products company’s stock valued at $85,000 after buying an additional 2,662 shares during the period. Finally, First Republic Investment Management Inc. purchased a new position in Century Aluminum during the second quarter valued at approximately $104,000. 53.92% of the stock is owned by hedge funds and other institutional investors.
Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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