Zacks: Analysts Anticipate Century Aluminum Co (NASDAQ:CENX) Will Announce Earnings of -$0.23 Per Share

Equities research analysts expect Century Aluminum Co (NASDAQ:CENX) to post earnings per share (EPS) of ($0.23) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Century Aluminum’s earnings. The lowest EPS estimate is ($0.32) and the highest is ($0.10). Century Aluminum posted earnings of $0.32 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 171.9%. The business is expected to report its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that Century Aluminum will report full-year earnings of ($0.97) per share for the current fiscal year, with EPS estimates ranging from ($1.11) to ($0.83). For the next fiscal year, analysts forecast that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.68 to $1.19. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Century Aluminum.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported ($0.70) EPS for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.01. The business had revenue of $490.00 million during 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%. Century Aluminum’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS.

A number of research analysts have weighed in on CENX shares. BidaskClub downgraded Century Aluminum from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 5th. Zacks Investment Research downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, ValuEngine upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Century Aluminum has a consensus rating of “Hold” and an average target price of $12.14.

Shares of CENX stock traded up $0.07 during midday trading on Friday, reaching $6.80. 18,731 shares of the stock were exchanged, compared to its average volume of 1,586,514. Century Aluminum has a 1 year low of $5.37 and a 1 year high of $16.75. The company has a 50 day simple moving average of $6.43. 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 firm has a market cap of $600.36 million, a price-to-earnings ratio of -48.71 and a beta of 1.77.

In related news, Director Andrew G. Michelmore purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average price of $5.78 per share, for a total transaction of $28,900.00. Following the purchase, the director now directly owns 40,598 shares of the company’s stock, valued at approximately $234,656.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

Several institutional investors have recently bought and sold shares of CENX. Texas Permanent School Fund lifted its position in Century Aluminum by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 32,113 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 1,246 shares in the last quarter. Comerica Bank lifted its position in Century Aluminum by 3.1% in the 1st quarter. Comerica Bank now owns 48,969 shares of the industrial products company’s stock valued at $447,000 after acquiring an additional 1,476 shares in the last quarter. Principal Financial Group Inc. lifted its position in Century Aluminum by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 398,412 shares of the industrial products company’s stock valued at $2,912,000 after acquiring an additional 2,312 shares in the last quarter. Legal & General Group Plc lifted its position in Century Aluminum by 2.4% in the 4th quarter. Legal & General Group Plc now owns 115,304 shares of the industrial products company’s stock valued at $846,000 after acquiring an additional 2,701 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Century Aluminum by 19.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,087 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 3,042 shares in the last quarter. Institutional investors own 53.37% of the company’s stock.

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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Earnings History and Estimates for Century Aluminum (NASDAQ:CENX)

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