Century Aluminum Co (NASDAQ:CENX) – Investment analysts at B. Riley upped their Q4 2019 EPS estimates for Century Aluminum in a research note issued to investors on Wednesday, November 6th, Zacks Investment Research reports. B. Riley analyst L. Pipes now expects that the industrial products company will post earnings per share of ($0.02) for the quarter, up from their previous estimate of ($0.03). B. Riley also issued estimates for Century Aluminum’s FY2020 earnings at $1.37 EPS and FY2021 earnings at $2.27 EPS.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.09). The business had revenue of $438.00 million for the quarter, compared to analyst estimates of $459.07 million. Century Aluminum had a negative return on equity of 22.27% and a negative net margin of 7.47%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share.
Separately, BidaskClub lowered Century Aluminum from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Century Aluminum presently has a consensus rating of “Hold” and a consensus price target of $10.75.
Shares of NASDAQ CENX traded down $0.05 during trading hours on Friday, reaching $7.05. The stock had a trading volume of 464,499 shares, compared to its average volume of 1,619,190. The business’s fifty day moving average is $6.75 and its two-hundred day moving average is $6.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.23 and a quick ratio of 0.72. The company has a market cap of $631.15 million, a price-to-earnings ratio of -50.36 and a beta of 1.89. Century Aluminum has a twelve month low of $5.02 and a twelve month high of $9.98.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in Century Aluminum by 1,471.5% in the third quarter. Tower Research Capital LLC TRC now owns 7,512 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 7,034 shares during the period. Tyers Asset Management LLC grew its position in Century Aluminum by 27.8% in the second quarter. Tyers Asset Management LLC now owns 8,912 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 1,936 shares during the period. Ellington Management Group LLC bought a new stake in Century Aluminum in the second quarter valued at $74,000. Voloridge Investment Management LLC bought a new stake in Century Aluminum in the third quarter valued at $80,000. Finally, Elkfork Partners LLC grew its position in Century Aluminum by 27.8% in the second quarter. Elkfork Partners LLC now owns 12,254 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 2,662 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.
In related news, COO Jesse E. Gary sold 15,244 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $8.36, for a total value of $127,439.84. Following the completion of the transaction, the chief operating officer now directly owns 109,077 shares in the company, valued at $911,883.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.03% of the company’s stock.
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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