$482.27 Million in Sales Expected for Century Aluminum Co (CENX) This Quarter

Wall Street brokerages expect Century Aluminum Co (NASDAQ:CENX) to announce sales of $482.27 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Century Aluminum’s earnings. The highest sales estimate is $493.75 million and the lowest is $474.80 million. Century Aluminum posted sales of $433.85 million in the same quarter last year, which suggests a positive year over year growth rate of 11.2%. The business is expected to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Century Aluminum will report full year sales of $1.89 billion for the current fiscal year, with estimates ranging from $1.88 billion to $1.90 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.26 billion, with estimates ranging from $2.04 billion to $2.45 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Century Aluminum.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The firm had revenue of $481.80 million for the quarter, compared to analysts’ expectations of $469.09 million. Century Aluminum had a net margin of 1.80% and a return on equity of 6.51%.

A number of equities research analysts recently commented on CENX shares. Berenberg Bank started coverage on shares of Century Aluminum in a research note on Friday, September 21st. They issued a “sell” rating and a $10.00 price objective on the stock. BidaskClub raised shares of Century Aluminum from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 3rd. Macquarie set a $13.00 price target on shares of Century Aluminum and gave the stock a “hold” rating in a research note on Friday, October 26th. B. Riley decreased their price target on shares of Century Aluminum from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. Finally, BMO Capital Markets decreased their price target on shares of Century Aluminum from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.63.

NASDAQ CENX traded down $0.50 during trading hours on Thursday, reaching $9.00. The company’s stock had a trading volume of 1,236,611 shares, compared to its average volume of 2,163,484. The stock has a market cap of $786.94 million, a price-to-earnings ratio of 25.00 and a beta of 1.19. Century Aluminum has a fifty-two week low of $7.65 and a fifty-two week high of $24.77. The company has a current ratio of 2.56, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30.

In other news, Director Jarl Berntzen purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were bought at an average cost of $7.80 per share, with a total value of $78,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.59% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in shares of Century Aluminum during the 2nd quarter worth about $400,000. Tower Research Capital LLC TRC lifted its holdings in shares of Century Aluminum by 1,531.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,106 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 8,548 shares during the period. United Services Automobile Association purchased a new position in shares of Century Aluminum during the 2nd quarter worth about $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Century Aluminum during the 2nd quarter worth about $166,000. Finally, Virtu Financial LLC purchased a new position in shares of Century Aluminum during the 3rd quarter worth about $132,000. Institutional investors and hedge funds own 57.90% of the company’s stock.

About Century Aluminum

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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