B. Riley Predicts Increased Earnings for Century Aluminum

Century Aluminum (NASDAQ:CENX - Free Report) - Equities researchers at B. Riley raised their Q1 2025 earnings per share (EPS) estimates for Century Aluminum in a report issued on Tuesday, April 8th. B. Riley analyst N. Giles now forecasts that the industrial products company will post earnings of $0.77 per share for the quarter, up from their prior forecast of $0.73. 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 Q2 2025 earnings at $1.05 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $1.05 EPS and FY2025 earnings at $3.80 EPS.

CENX has been the subject of a number of other reports. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price for the company in a research note on Monday, February 24th. StockNews.com cut shares of Century Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, March 24th.

Century Aluminum Price Performance

Shares of CENX stock traded up $0.53 during trading hours on Wednesday, reaching $16.13. The company had a trading volume of 578,839 shares, compared to its average volume of 1,398,723. Century Aluminum has a 12-month low of $11.40 and a 12-month high of $25.39. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 5.10 and a beta of 2.56. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The stock has a fifty day moving average of $18.60 and a 200-day moving average of $19.15.

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

Hedge Funds Weigh In On Century Aluminum

Hedge funds have recently added to or reduced their stakes in the stock. Glencore plc purchased a new stake in Century Aluminum in the fourth quarter valued at $729,427,000. Pertento Partners LLP purchased a new stake in shares of Century Aluminum in the 4th quarter valued at about $7,678,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Century Aluminum by 348.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 496,970 shares of the industrial products company's stock valued at $9,055,000 after purchasing an additional 386,133 shares during the period. Millennium Management LLC boosted its position in shares of Century Aluminum by 333.7% in the 4th quarter. Millennium Management LLC now owns 457,728 shares of the industrial products company's stock valued at $8,340,000 after purchasing an additional 352,186 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Century Aluminum by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock worth $15,565,000 after buying an additional 319,164 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total transaction of $49,975.00. Following the sale, the chief accounting officer now owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is 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.