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

Century Aluminum (NASDAQ:CENX) released its earnings results on Thursday. The industrial products company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05, Zacks reports. The firm had revenue of $631.00 million for the quarter, compared to analysts’ expectations of $515.27 million. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%. During the same quarter in the prior year, the firm posted $0.39 earnings per share.

Century Aluminum Stock Performance

Shares of CENX stock opened at $17.38 on Friday. Century Aluminum has a 1 year low of $9.65 and a 1 year high of $25.39. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.81 and a beta of 2.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The business has a fifty day moving average of $19.27 and a 200 day moving average of $18.04.

Insiders Place Their Bets

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 stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the completion of the transaction, the chief executive officer now directly owns 50,753 shares in the company, valued at approximately $962,784.41. This trade represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CENX shares. B. Riley upped their price target on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. BMO Capital Markets increased 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 raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Tuesday, December 3rd. Finally, StockNews.com raised 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.