Brokerages forecast that Century Aluminum Co (NASDAQ:CENX) will report sales of $465.07 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Century Aluminum’s earnings, with the highest sales estimate coming in at $471.74 million and the lowest estimate coming in at $458.40 million. Century Aluminum reported sales of $470.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1%. The business is scheduled to report its next earnings results after the market closes on Thursday, August 1st.
According to Zacks, analysts expect that Century Aluminum will report full year sales of $1.88 billion for the current financial year, with estimates ranging from $1.86 billion to $1.89 billion. For the next year, analysts expect that the business will report sales of $1.92 billion, with estimates ranging from $1.90 billion to $1.94 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Century Aluminum.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share for the quarter, topping the consensus estimate of ($0.71) by $0.01. The business had revenue of $490.00 million for the quarter, compared to analyst estimates of $482.58 million. Century Aluminum had a negative return on equity of 9.33% and a negative net margin of 5.29%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS.
Several research analysts recently weighed in on CENX shares. Morgan Stanley set a $196.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, March 26th. ValuEngine upgraded XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. BidaskClub upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, TheStreet downgraded Wayside Technology Group from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $12.14.
In other news, Director Andrew G. Michelmore purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $5.78 per share, for a total transaction of $28,900.00. Following the completion of the purchase, the director now owns 40,598 shares of the company’s stock, valued at $234,656.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.03% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Texas Permanent School Fund grew its stake in Century Aluminum by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 32,113 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 1,246 shares in the last quarter. Comerica Bank lifted its holdings in Century Aluminum by 3.1% in the first quarter. Comerica Bank now owns 48,969 shares of the industrial products company’s stock worth $447,000 after acquiring an additional 1,476 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Century Aluminum by 5.5% in the second quarter. Crossmark Global Holdings Inc. now owns 35,480 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 1,835 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Century Aluminum by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 398,412 shares of the industrial products company’s stock worth $2,912,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Century Aluminum by 2.4% in the fourth quarter. Legal & General Group Plc now owns 115,304 shares of the industrial products company’s stock worth $846,000 after acquiring an additional 2,701 shares during the last quarter. Institutional investors and hedge funds own 53.39% of the company’s stock.
Shares of CENX traded up $0.05 during trading hours on Wednesday, hitting $7.44. The stock had a trading volume of 1,413,246 shares, compared to its average volume of 1,427,060. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 2.11. The company has a market capitalization of $656.30 million, a price-to-earnings ratio of -53.14 and a beta of 1.86. The stock has a fifty day simple moving average of $6.48. Century Aluminum has a 12-month low of $5.37 and a 12-month high of $13.80.
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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