Q4 Earnings Forecast for Century Aluminum Issued By B. Riley

Century Aluminum (NASDAQ:CENX) – Research analysts at B. Riley raised their Q4 2024 earnings estimates for shares of Century Aluminum in a note issued to investors on Tuesday, December 17th. B. Riley analyst L. Pipes now expects that the industrial products company will post earnings per share of $0.30 for the quarter, up from their prior estimate of $0.24. B. Riley currently has a “Buy” rating and a $24.00 price target on the stock. The consensus estimate for Century Aluminum’s current full-year earnings is $0.56 per share.

Other analysts have also issued reports about the stock. BMO Capital Markets increased their price objective 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. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Tuesday, December 3rd. Finally, StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th.

Century Aluminum Trading Up 1.6 %

Shares of Century Aluminum stock traded up $0.29 during trading on Thursday, hitting $18.88. The stock had a trading volume of 41,674 shares, compared to its average volume of 1,298,869. Century Aluminum has a 12 month low of $9.65 and a 12 month high of $25.39. 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 firm’s fifty day simple moving average is $20.43 and its 200-day simple moving average is $17.19. The stock has a market cap of $1.75 billion, a PE ratio of 6.31 and a beta of 2.50.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.37% and a net margin of 14.60%. During the same period last year, the company earned ($0.13) EPS.

Hedge Funds Weigh In On Century Aluminum

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in Century Aluminum by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock worth $6,144,000 after purchasing an additional 1,641 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Century Aluminum by 43.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,242 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 4,598 shares in the last quarter. Rhumbline Advisers increased its holdings in Century Aluminum by 4.4% during the second quarter. Rhumbline Advisers now owns 162,798 shares of the industrial products company’s stock valued at $2,727,000 after buying an additional 6,886 shares during the period. Quest Partners LLC increased its holdings in Century Aluminum by 104.1% during the second quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after buying an additional 1,385 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in Century Aluminum by 102.9% in the second quarter. Texas Permanent School Fund Corp now owns 91,886 shares of the industrial products company’s stock worth $1,539,000 after buying an additional 46,598 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.

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.