Zacks: Analysts Expect Century Aluminum Co (CENX) Will Post Quarterly Sales of $472.85 Million

Wall Street analysts expect Century Aluminum Co (NASDAQ:CENX) to report sales of $472.85 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Century Aluminum’s earnings, with estimates ranging from $461.70 million to $481.20 million. Century Aluminum posted sales of $470.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Century Aluminum will report full-year sales of $1.96 billion for the current year, with estimates ranging from $1.90 billion to $2.02 billion. For the next year, analysts forecast that the firm will report sales of $2.10 billion, with estimates ranging from $1.98 billion to $2.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Century Aluminum.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($0.71) by $0.01. Century Aluminum had a negative return on equity of 9.33% and a negative net margin of 5.29%. The company had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $482.58 million. During the same period last year, the firm posted ($0.04) earnings per share. Century Aluminum’s revenue was up 7.8% compared to the same quarter last year.



CENX has been the topic of several recent analyst reports. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday, March 19th. B. Riley set a $15.00 target price on Century Aluminum and gave the stock a “buy” rating in a research report on Friday, February 22nd. Morgan Stanley dropped their target price on Century Aluminum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 26th. BidaskClub raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, ValuEngine raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.14.

In other Century Aluminum news, insider Michael A. Bless sold 25,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $8.96, for a total value of $224,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Century Aluminum by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,434,828 shares of the industrial products company’s stock worth $66,021,000 after buying an additional 78,763 shares during the period. BlackRock Inc. raised its stake in shares of Century Aluminum by 3.0% in the fourth quarter. BlackRock Inc. now owns 7,270,344 shares of the industrial products company’s stock worth $53,146,000 after buying an additional 214,032 shares during the period. Vanguard Group Inc. raised its stake in shares of Century Aluminum by 2.0% in the third quarter. Vanguard Group Inc. now owns 5,030,941 shares of the industrial products company’s stock worth $60,221,000 after buying an additional 97,105 shares during the period. Vanguard Group Inc raised its stake in shares of Century Aluminum by 2.0% in the third quarter. Vanguard Group Inc now owns 5,030,941 shares of the industrial products company’s stock worth $60,221,000 after buying an additional 97,105 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Century Aluminum by 2.2% in the fourth quarter. Canada Pension Plan Investment Board now owns 3,947,602 shares of the industrial products company’s stock worth $28,855,000 after buying an additional 84,800 shares during the period. 55.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Century Aluminum stock traded up $0.13 during trading on Thursday, hitting $7.31. 962,910 shares of the company’s stock traded hands, compared to its average volume of 1,419,537. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.11 and a quick ratio of 0.68. Century Aluminum has a 1 year low of $6.54 and a 1 year high of $18.69. The stock has a market capitalization of $699.82 million, a PE ratio of -52.21 and a beta of 1.52.

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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