B. Riley Research Analysts Lift Earnings Estimates for CENX

Century Aluminum (NASDAQ:CENX) – Analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for shares of Century Aluminum in a report issued on Tuesday, December 17th. B. Riley analyst L. Pipes now anticipates that the industrial products company will earn $0.62 per share for the year, up from their previous estimate of $0.56. B. Riley currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Century Aluminum’s current full-year earnings is $0.56 per share. B. Riley also issued estimates for Century Aluminum’s FY2025 earnings at $2.76 EPS and FY2026 earnings at $3.02 EPS.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.31. The company had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same quarter in the prior year, the firm posted ($0.13) EPS.

Several other analysts also recently weighed in on CENX. BMO Capital Markets upped their price objective on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Wolfe Research raised shares of 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.

Century Aluminum Stock Up 1.5 %

NASDAQ CENX opened at $18.33 on Friday. The business has a fifty day moving average price of $20.48 and a two-hundred day moving average price of $17.20. The stock has a market capitalization of $1.70 billion, a PE ratio of 6.13 and a beta of 2.50. Century Aluminum has a fifty-two week low of $9.65 and a fifty-two week 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.

Hedge Funds Weigh In On Century Aluminum

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC boosted its stake in shares of 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 purchasing an additional 1,385 shares in the last quarter. GAMMA Investing LLC boosted its position in Century Aluminum by 39.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after buying an additional 1,233 shares during the period. Olympiad Research LP bought a new stake in Century Aluminum during the 3rd quarter worth approximately $180,000. Dynamic Technology Lab Private Ltd acquired a new position in Century Aluminum in the 3rd quarter valued at approximately $189,000. Finally, MQS Management LLC raised its stake in shares of Century Aluminum by 8.1% during the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 883 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Company Profile

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.