Century Aluminum (NASDAQ:CENX) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Century Aluminum (NASDAQ:CENX) issued its quarterly earnings results on Thursday. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05, Zacks reports. The company had revenue of $631.00 million during the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same quarter in the previous year, the firm earned $0.39 EPS.

Century Aluminum Trading Down 13.3 %

Shares of CENX opened at $17.38 on Friday. Century Aluminum has a 12-month low of $9.65 and a 12-month high of $25.39. The firm has a market capitalization of $1.61 billion, a P/E ratio of 5.81 and a beta of 2.50. The firm has a 50-day moving average price of $19.27 and a 200 day moving average price of $18.04. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71.

Insider Activity at Century Aluminum

In related news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the transaction, the chief executive officer now owns 50,753 shares in the company, valued at approximately $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CENX. B. Riley boosted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets boosted their price objective on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Wolfe Research upgraded 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. Finally, StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.

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.