Q3 2024 EPS Estimates for Century Aluminum (NASDAQ:CENX) Boosted by B. Riley

Century Aluminum (NASDAQ:CENX) – Stock analysts at B. Riley boosted their Q3 2024 earnings per share (EPS) estimates for Century Aluminum in a research report issued to clients and investors on Tuesday, July 2nd. B. Riley analyst L. Pipes now forecasts that the industrial products company will earn $0.26 per share for the quarter, up from their prior forecast of $0.20. The consensus estimate for Century Aluminum’s current full-year earnings is $0.62 per share.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.20). The firm had revenue of $489.50 million during the quarter, compared to the consensus estimate of $520.30 million. Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%.

Other research analysts have also recently issued reports about the company. BMO Capital Markets raised their target price on Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. StockNews.com cut Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd.

Century Aluminum Price Performance

CENX opened at $20.19 on Thursday. The stock has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $14.10. The company has a current ratio of 1.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 9.26 and a beta of 2.52. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $21.37.

Insider Activity

In other news, CEO Jesse E. Gary sold 60,000 shares of Century Aluminum stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $16.21, for a total transaction of $972,600.00. Following the transaction, the chief executive officer now directly owns 62,447 shares of the company’s stock, valued at approximately $1,012,265.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Covestor Ltd lifted its position in shares of Century Aluminum by 13,746.2% during the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,787 shares in the last quarter. GAMMA Investing LLC raised its stake in Century Aluminum by 199.8% during the 1st quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,918 shares during the period. Allworth Financial LP bought a new stake in Century Aluminum during the 4th quarter valued at approximately $68,000. Russell Investments Group Ltd. raised its stake in Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 6,924 shares during the period. Finally, Capstone Investment Advisors LLC bought a new stake in Century Aluminum during the 1st quarter valued at approximately $161,000. 61.59% of the stock is owned by hedge funds and other 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.