Research Analysts Offer Predictions for CENX FY2027 Earnings

Century Aluminum Company (NASDAQ:CENX) – Research analysts at B. Riley raised their FY2027 earnings per share (EPS) estimates for Century Aluminum in a research report issued on Tuesday, November 4th. B. Riley analyst N. Giles now anticipates that the industrial products company will earn $3.94 per share for the year, up from their prior forecast of $3.88. B. Riley has a “Buy” rating and a $28.00 price target on the stock. The consensus estimate for Century Aluminum’s current full-year earnings is $2.76 per share.

A number of other brokerages also recently weighed in on CENX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Aluminum in a report on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th. Wall Street Zen downgraded Century Aluminum from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Wells Fargo & Company lowered their price target on Century Aluminum from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Finally, Zacks Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $27.75.

Century Aluminum Trading Up 1.2%

Shares of Century Aluminum stock opened at $28.98 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66. Century Aluminum has a 12-month low of $13.05 and a 12-month high of $34.51. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 24.98 and a beta of 2.51. The firm’s 50-day moving average price is $27.92 and its two-hundred day moving average price is $22.16.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.32). The company had revenue of $632.20 million during the quarter, compared to the consensus estimate of $629.85 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS.

Insider Buying and Selling at Century Aluminum

In related news, SVP Matt Aboud sold 12,027 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total transaction of $279,868.29. Following the sale, the senior vice president owned 62,589 shares in the company, valued at $1,456,446.03. The trade was a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Agust F. Hafberg sold 9,493 shares of the company’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $27.91, for a total value of $264,949.63. Following the completion of the transaction, the senior vice president directly owned 55,260 shares of the company’s stock, valued at approximately $1,542,306.60. The trade was a 14.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Century Aluminum

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC increased its position in Century Aluminum by 26.3% in the 3rd quarter. CWM LLC now owns 1,592 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 332 shares during the period. Arizona State Retirement System grew its stake in shares of Century Aluminum by 2.5% in the third quarter. Arizona State Retirement System now owns 16,562 shares of the industrial products company’s stock worth $486,000 after purchasing an additional 411 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Century Aluminum by 12.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 506 shares during the period. Sei Investments Co. raised its position in Century Aluminum by 2.5% during the 2nd quarter. Sei Investments Co. now owns 20,926 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 509 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in Century Aluminum by 3.7% during the 3rd quarter. Amalgamated Bank now owns 15,376 shares of the industrial products company’s stock worth $451,000 after buying an additional 548 shares during the period. 61.59% of the stock is owned by institutional investors.

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.