Century Aluminum (NASDAQ:CENX) Posts Earnings Results

Century Aluminum (NASDAQ:CENX) issued its quarterly earnings data on Monday. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.31, RTT News reports. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. The firm had revenue of $539.10 million for the quarter, compared to analysts’ expectations of $587.10 million. During the same period in the prior year, the firm earned ($0.13) earnings per share.

Century Aluminum Stock Up 1.3 %

NASDAQ CENX traded up $0.28 on Thursday, hitting $22.26. 468,381 shares of the company were exchanged, compared to its average volume of 1,336,651. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average of $15.82 and a 200-day moving average of $16.25. The company has a market cap of $2.07 billion, a PE ratio of 7.35 and a beta of 2.47. Century Aluminum has a 12 month low of $6.25 and a 12 month high of $22.77.

Analyst Ratings Changes

Several brokerages have recently commented on CENX. BMO Capital Markets lifted their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday. StockNews.com cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, B. Riley raised their price target on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.