Analysts forecast that Century Aluminum Co (NASDAQ:CENX) will post sales of $417.09 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Century Aluminum’s earnings. The lowest sales estimate is $411.10 million and the highest is $423.07 million. Century Aluminum posted sales of $486.90 million during the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The business is scheduled to report its next earnings results on Thursday, February 20th.

According to Zacks, analysts expect that Century Aluminum will report full year sales of $1.82 billion for the current year, with estimates ranging from $1.81 billion to $1.82 billion. For the next year, analysts forecast that the firm will report sales of $1.73 billion, with estimates ranging from $1.64 billion to $1.83 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Century Aluminum.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.09). The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $459.07 million. Century Aluminum had a negative return on equity of 21.94% and a negative net margin of 7.47%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share.

CENX has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on shares of Century Aluminum from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Wednesday. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Century Aluminum has an average rating of “Hold” and a consensus price target of $10.40.

In other news, COO Jesse E. Gary sold 15,244 shares of Century Aluminum stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $8.36, for a total value of $127,439.84. Following the completion of the transaction, the chief operating officer now owns 109,077 shares in the company, valued at $911,883.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.03% of the company’s stock.

Several large investors have recently bought and sold shares of CENX. Vanguard Group Inc. raised its stake in shares of Century Aluminum by 12.3% in the second quarter. Vanguard Group Inc. now owns 5,855,701 shares of the industrial products company’s stock valued at $40,463,000 after acquiring an additional 642,337 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Century Aluminum in the 2nd quarter worth approximately $2,655,000. Invesco Ltd. raised its position in Century Aluminum by 53.0% in the 2nd quarter. Invesco Ltd. now owns 686,074 shares of the industrial products company’s stock worth $4,741,000 after purchasing an additional 237,690 shares during the last quarter. BlackRock Inc. raised its position in Century Aluminum by 2.7% in the 2nd quarter. BlackRock Inc. now owns 7,416,881 shares of the industrial products company’s stock worth $51,250,000 after purchasing an additional 195,810 shares during the last quarter. Finally, Morgan Stanley raised its position in Century Aluminum by 492.2% in the 2nd quarter. Morgan Stanley now owns 234,319 shares of the industrial products company’s stock worth $1,619,000 after purchasing an additional 194,749 shares during the last quarter. Institutional investors own 53.92% of the company’s stock.

Shares of Century Aluminum stock traded down $0.05 during trading on Thursday, reaching $8.28. The company’s stock had a trading volume of 1,496,300 shares, compared to its average volume of 1,362,803. Century Aluminum has a one year low of $5.02 and a one year high of $9.98. The business’s fifty day moving average price is $6.53 and its 200-day moving average price is $6.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 2.45. The firm has a market cap of $626.70 million, a price-to-earnings ratio of -59.14 and a beta of 1.89.

Century Aluminum Company Profile

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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Earnings History and Estimates for Century Aluminum (NASDAQ:CENX)

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