Century Aluminum Co (NASDAQ:CENX) shares traded up 5.5% on Thursday following a better than expected earnings announcement. The company traded as high as $9.64 and last traded at $9.48. 1,969,573 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 2,184,773 shares. The stock had previously closed at $8.99.
The industrial products company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Century Aluminum had a return on equity of 8.11% and a net margin of 4.22%. The firm had revenue of $481.80 million during the quarter, compared to analysts’ expectations of $469.09 million.
A number of analysts have issued reports on the company. BMO Capital Markets set a $14.00 price target on Century Aluminum and gave the stock a “buy” rating in a report on Friday. Macquarie set a $13.00 price target on Century Aluminum and gave the stock a “hold” rating in a report on Friday. ValuEngine downgraded Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research raised Century Aluminum from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Deutsche Bank raised Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.63.
The company has a debt-to-equity ratio of 0.29, a current ratio of 2.89 and a quick ratio of 1.16. The company has a market cap of $866.38 million, a P/E ratio of 21.44 and a beta of 0.71.
About Century Aluminum (NASDAQ:CENX)
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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