Q4 Earnings Forecast for Century Aluminum Issued By B. Riley

Century Aluminum (NASDAQ:CENX - Free Report) - Research analysts at B. Riley boosted their Q4 2024 earnings estimates for shares of Century Aluminum in a report released on Tuesday, December 17th. B. Riley analyst L. Pipes now anticipates that the industrial products company will post earnings of $0.30 per share for the quarter, up from their prior estimate of $0.24. B. Riley has a "Buy" rating and a $24.00 price objective on the stock. The consensus estimate for Century Aluminum's current full-year earnings is $0.56 per share.

Several other equities research analysts have also recently weighed in on the company. StockNews.com raised Century Aluminum from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. BMO Capital Markets upped their target price 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, November 5th. Finally, Wolfe Research raised shares of Century Aluminum from a "peer perform" rating to an "outperform" rating and set a $27.00 price target for the company in a research report on Tuesday, December 3rd.

Century Aluminum Stock Down 2.9 %

Shares of NASDAQ:CENX traded down $0.53 during trading on Thursday, hitting $18.06. The stock had a trading volume of 922,943 shares, compared to its average volume of 1,302,622. The company has a market capitalization of $1.68 billion, a PE ratio of 6.04 and a beta of 2.50. 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 firm's fifty day moving average is $20.46 and its 200 day moving average is $17.20. Century Aluminum has a 12 month low of $9.65 and a 12 month high of $25.39.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.32 by $0.31. The business had revenue of $539.10 million during the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same period last year, the business posted ($0.13) earnings per share.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quest Partners LLC grew its stake in shares of Century Aluminum by 104.1% in the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company's stock worth $45,000 after acquiring an additional 1,385 shares during the last quarter. GAMMA Investing LLC boosted its stake in Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company's stock worth $71,000 after purchasing an additional 1,233 shares in the last quarter. Olympiad Research LP purchased a new stake in Century Aluminum during the 3rd quarter valued at about $180,000. Dynamic Technology Lab Private Ltd bought a new stake in Century Aluminum during the 3rd quarter valued at about $189,000. Finally, MQS Management LLC raised its holdings in Century Aluminum by 8.1% in the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company's stock worth $198,000 after buying an additional 883 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company's stock.

About Century Aluminum

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.