Equities Analysts Issue Forecasts for CENX FY2026 Earnings

Century Aluminum (NASDAQ:CENX - Free Report) - Equities research analysts at B. Riley lowered their FY2026 earnings estimates for Century Aluminum in a report released on Tuesday, April 8th. B. Riley analyst N. Giles now expects that the industrial products company will post earnings per share of $2.86 for the year, down from their previous estimate of $4.56. The consensus estimate for Century Aluminum's current full-year earnings is $2.76 per share. B. Riley also issued estimates for Century Aluminum's FY2027 earnings at $3.15 EPS.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $631.00 million during the quarter, compared to the consensus estimate of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same quarter in the prior year, the business earned $0.39 earnings per share.

Other analysts also recently issued reports about the company. StockNews.com downgraded Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a research note on Monday, February 24th.

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Century Aluminum Stock Down 4.0 %

Shares of NASDAQ CENX traded down $0.64 during trading on Thursday, reaching $15.39. 534,985 shares of the stock were exchanged, compared to its average volume of 1,400,086. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 4.87 and a beta of 2.56. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The business's 50-day moving average price is $18.55 and its 200 day moving average price is $19.15.

Hedge Funds Weigh In On Century Aluminum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Century Aluminum by 13.1% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $101,000 after purchasing an additional 628 shares during the period. Nisa Investment Advisors LLC lifted its stake in Century Aluminum by 159.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company's stock worth $59,000 after acquiring an additional 2,000 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Century Aluminum during the 4th quarter valued at about $39,000. Franklin Resources Inc. increased its holdings in shares of Century Aluminum by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company's stock valued at $524,000 after purchasing an additional 2,198 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Century Aluminum by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock worth $7,499,000 after purchasing an additional 2,358 shares in the last quarter. 61.59% of the stock is owned by institutional investors.

Insider Activity at Century Aluminum

In related news, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the transaction, the chief accounting officer now owns 64,083 shares in the company, valued at $1,281,019.17. This represents a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by insiders.

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.