Wall Street brokerages expect Century Aluminum Co (NASDAQ:CENX) to announce earnings per share (EPS) of ($0.27) for the current quarter, Zacks reports. Two analysts have made estimates for Century Aluminum’s earnings, with estimates ranging from ($0.31) to ($0.22). Century Aluminum posted earnings per share of $0.02 during the same quarter last year, which suggests a negative year over year growth rate of 1,450%. The company is scheduled to issue its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Century Aluminum will report full year earnings of ($1.27) per share for the current year. For the next year, analysts forecast that the firm will post earnings of $0.58 per share, with EPS estimates ranging from $0.13 to $1.03. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Century Aluminum.
Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, August 1st. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.11. Century Aluminum had a negative return on equity of 15.98% and a negative net margin of 7.28%. The firm had revenue of $473.10 million during the quarter, compared to analyst estimates of $475.87 million. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was up .7% compared to the same quarter last year.
Separately, BidaskClub raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.67.
Shares of Century Aluminum stock traded down $0.04 during trading hours on Monday, hitting $6.12. 669,941 shares of the company’s stock traded hands, compared to its average volume of 992,253. Century Aluminum has a 12-month low of $5.02 and a 12-month high of $10.44. The stock has a market capitalization of $547.12 million, a price-to-earnings ratio of -43.68 and a beta of 1.94. The company has a fifty day simple moving average of $6.35 and a 200-day simple moving average of $6.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 0.79.
Several institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. grew its stake in shares of Century Aluminum by 5.5% during the 2nd 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 period. Tyers Asset Management LLC grew its stake in shares of Century Aluminum by 27.8% during the 2nd quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 1,936 shares during the period. Swiss National Bank grew its stake in shares of Century Aluminum by 2.7% during the 2nd quarter. Swiss National Bank now owns 98,350 shares of the industrial products company’s stock worth $680,000 after acquiring an additional 2,600 shares during the period. Elkfork Partners LLC grew its stake in shares of Century Aluminum by 27.8% during the 2nd quarter. Elkfork Partners LLC now owns 12,254 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 2,662 shares during the period. Finally, Meadow Creek Investment Management LLC grew its stake in shares of Century Aluminum by 27.8% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 15,596 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 3,388 shares during the period. 54.09% of the stock is owned by hedge funds and other institutional investors.
About Century Aluminum
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.
Featured Story: Why Invest in Dividend Achievers?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.