$471.38 Million in Sales Expected for Century Aluminum Co (CENX) This Quarter

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Equities research analysts expect Century Aluminum Co (NASDAQ:CENX) to report sales of $471.38 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made 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 reported sales of $400.65 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.7%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, October 25th.

On average, analysts expect that Century Aluminum will report full-year sales of $1.91 billion for the current fiscal year, with estimates ranging from $1.89 billion to $1.92 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.32 billion, with estimates ranging from $2.14 billion to $2.45 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Century Aluminum.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The business had revenue of $470.00 million for the quarter, compared to analysts’ expectations of $458.03 million. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share.

Several brokerages recently weighed in on CENX. BidaskClub raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. ValuEngine cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. B. Riley began coverage on shares of Century Aluminum in a report on Thursday, June 21st. They issued a “buy” rating and a $27.00 target price on the stock. Zacks Investment Research raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Deutsche Bank cut shares of Century Aluminum from a “buy” rating to a “hold” rating and reduced their target price for the company from $20.00 to $15.00 in a report on Tuesday, October 2nd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.14.

Shares of CENX opened at $10.16 on Friday. The stock has a market cap of $1.05 billion, a PE ratio of 28.64 and a beta of 0.72. Century Aluminum has a 1 year low of $9.85 and a 1 year high of $24.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.16 and a current ratio of 2.89.

A number of large investors have recently modified their holdings of CENX. BlackRock Inc. raised its holdings in Century Aluminum by 1.4% in the first quarter. BlackRock Inc. now owns 6,464,997 shares of the industrial products company’s stock valued at $106,930,000 after acquiring an additional 89,725 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Century Aluminum by 329.9% in the first quarter. JPMorgan Chase & Co. now owns 1,340,691 shares of the industrial products company’s stock valued at $22,176,000 after purchasing an additional 1,028,829 shares during the last quarter. Koch Industries Inc. purchased a new position in Century Aluminum in the first quarter valued at approximately $356,000. Principal Financial Group Inc. increased its stake in Century Aluminum by 2.7% in the first quarter. Principal Financial Group Inc. now owns 382,560 shares of the industrial products company’s stock valued at $6,328,000 after purchasing an additional 10,091 shares during the last quarter. Finally, A.R.T. Advisors LLC increased its stake in Century Aluminum by 209.9% in the first quarter. A.R.T. Advisors LLC now owns 31,787 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 21,531 shares during the last quarter. 56.00% of the stock is currently 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 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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