Century Aluminum Co (NASDAQ:CENX) Expected to Announce Earnings of -$0.29 Per Share
Equities analysts expect Century Aluminum Co (NASDAQ:CENX) to post earnings per share (EPS) of ($0.29) for the current quarter, Zacks reports. Two analysts have made estimates for Century Aluminum’s earnings. The lowest EPS estimate is ($0.29) and the highest is ($0.28). Century Aluminum posted earnings per share of $0.32 in the same quarter last year, which would indicate a negative year over year growth rate of 190.6%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, August 1st.
On average, analysts expect that Century Aluminum will report full-year earnings of ($1.41) per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.16 per share, with EPS estimates ranging from ($0.25) to $0.57. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Century Aluminum.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.70) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.71) by $0.01. Century Aluminum had a negative return on equity of 9.33% and a negative net margin of 5.29%. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $482.58 million. During the same quarter in the previous year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year.
Shares of CENX stock traded up $0.23 on Monday, reaching $7.39. 1,326,384 shares of the stock were exchanged, compared to its average volume of 1,337,853. The company has a market capitalization of $635.87 million, a PE ratio of -52.79 and a beta of 1.86. Century Aluminum has a one year low of $5.37 and a one year high of $13.80. The company has a current ratio of 2.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average price is $6.48.
In other news, Director Andrew G. Michelmore bought 5,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $5.78 per share, for a total transaction of $28,900.00. Following the completion of the transaction, the director now directly owns 40,598 shares in the company, valued at approximately $234,656.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.03% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CENX. SG Americas Securities LLC increased its holdings in Century Aluminum by 26.0% in the first quarter. SG Americas Securities LLC now owns 80,464 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 16,580 shares during the last quarter. Legal & General Group Plc increased its holdings in Century Aluminum by 2.4% in the fourth quarter. Legal & General Group Plc now owns 115,304 shares of the industrial products company’s stock valued at $846,000 after purchasing an additional 2,701 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Century Aluminum in the fourth quarter valued at about $136,000. BNP Paribas Arbitrage SA increased its holdings in Century Aluminum by 893.0% in the first quarter. BNP Paribas Arbitrage SA now owns 11,598 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 10,430 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Century Aluminum by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 562,761 shares of the industrial products company’s stock valued at $4,112,000 after purchasing an additional 17,070 shares during the last quarter. Institutional investors own 53.39% 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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