Century Aluminum (NASDAQ:CENX - Free Report) - Investment analysts at B. Riley upped their Q3 2024 EPS estimates for Century Aluminum in a research report issued on Tuesday, July 2nd. B. Riley analyst L. Pipes now forecasts that the industrial products company will post earnings of $0.26 per share for the quarter, up from their prior estimate of $0.20. The consensus estimate for Century Aluminum's current full-year earnings is $0.62 per share.
A number of other research analysts have also commented on CENX. BMO Capital Markets lifted their price objective on shares of Century Aluminum from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Thursday, May 2nd. StockNews.com downgraded shares of Century Aluminum from a "hold" rating to a "sell" rating in a report on Friday, May 3rd.
Read Our Latest Research Report on CENX
Century Aluminum Stock Performance
NASDAQ CENX traded up $1.26 during trading on Thursday, reaching $20.19. The company's stock had a trading volume of 2,770,417 shares, compared to its average volume of 1,347,414. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.67. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 9.26 and a beta of 2.52. Century Aluminum has a twelve month low of $5.70 and a twelve month high of $21.37. The business's fifty day moving average price is $17.15 and its 200-day moving average price is $14.15.
Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.20). The business had revenue of $489.50 million during the quarter, compared to analyst estimates of $520.30 million. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%.
Insider Activity
In related news, CEO Jesse E. Gary sold 60,000 shares of the business's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $16.21, for a total transaction of $972,600.00. Following the sale, the chief executive officer now owns 62,447 shares of the company's stock, valued at $1,012,265.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.68% of the company's stock.
Institutional Trading of Century Aluminum
A number of institutional investors have recently added to or reduced their stakes in CENX. Castle Hook Partners LP boosted its holdings in Century Aluminum by 1,147.0% during the first quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company's stock worth $15,034,000 after buying an additional 898,554 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Century Aluminum in the third quarter valued at about $1,992,000. Los Angeles Capital Management LLC purchased a new stake in shares of Century Aluminum in the first quarter valued at about $2,058,000. Perennial Advisors LLC purchased a new stake in shares of Century Aluminum in the fourth quarter valued at about $1,482,000. Finally, Semanteon Capital Management LP purchased a new stake in shares of Century Aluminum in the fourth quarter valued at about $1,223,000. Hedge funds and other institutional investors own 61.59% of the company's stock.
About Century Aluminum
(
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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.
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