Century Aluminum Co (NASDAQ:CENX) Expected to Announce Quarterly Sales of $442.90 Million

Equities research analysts expect that Century Aluminum Co (NASDAQ:CENX) will announce sales of $442.90 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Century Aluminum’s earnings, with the lowest sales estimate coming in at $442.30 million and the highest estimate coming in at $443.50 million. Century Aluminum posted sales of $481.80 million during the same quarter last year, which suggests a negative year-over-year growth rate of 8.1%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, November 5th.

According to Zacks, analysts expect that Century Aluminum will report full year sales of $1.85 billion for the current financial year, with estimates ranging from $1.84 billion to $1.85 billion. For the next year, analysts anticipate that the business will post sales of $1.82 billion, with estimates ranging from $1.72 billion to $1.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Century Aluminum.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.11. The firm had revenue of $473.10 million during the quarter, compared to analyst estimates of $475.87 million. Century Aluminum had a negative net margin of 7.28% and a negative return on equity of 15.98%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS.

Separately, BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.67.

Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Century Aluminum by 126.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 38,268 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 21,397 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Century Aluminum during the 2nd quarter worth approximately $2,655,000. UBS Asset Management Americas Inc. increased its stake in shares of Century Aluminum by 292.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 64,397 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 47,997 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Century Aluminum by 25.0% during the 2nd quarter. Jane Street Group LLC now owns 41,040 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 8,221 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Century Aluminum by 492.2% during the 2nd quarter. Morgan Stanley now owns 234,319 shares of the industrial products company’s stock worth $1,619,000 after purchasing an additional 194,749 shares during the last quarter. Institutional investors own 54.08% of the company’s stock.

Shares of CENX stock traded down $0.27 during trading hours on Wednesday, hitting $6.10. 1,066,768 shares of the company were exchanged, compared to its average volume of 1,309,511. The firm has a fifty day simple moving average of $6.44 and a 200 day simple moving average of $6.91. The company has a current ratio of 2.45, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. Century Aluminum has a 52-week low of $5.02 and a 52-week high of $10.14. The stock has a market capitalization of $566.23 million, a price-to-earnings ratio of -43.59 and a beta of 1.94.

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.

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