B. Riley Forecasts Stronger Earnings for Century Aluminum

Century Aluminum (NASDAQ:CENX) – Equities research analysts at B. Riley lifted their Q4 2024 earnings estimates for shares of Century Aluminum in a research report issued to clients and investors on Tuesday, December 17th. B. Riley analyst L. Pipes now forecasts that the industrial products company will earn $0.30 per share for the quarter, up from their previous forecast 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 equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Tuesday, December 3rd. Finally, BMO Capital Markets raised their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th.

Century Aluminum Stock Down 2.9 %

NASDAQ CENX opened at $18.06 on Thursday. Century Aluminum has a one year low of $9.65 and a one year high of $25.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71. The business has a fifty day moving average price of $20.46 and a 200 day moving average price of $17.20. The company has a market cap of $1.68 billion, a P/E ratio of 6.04 and a beta of 2.50.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. The business had revenue of $539.10 million during the quarter, compared to analysts’ expectations of $587.10 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 earned ($0.13) earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CENX. Principal Financial Group Inc. boosted its holdings in Century Aluminum by 17.0% in the 3rd quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company’s stock valued at $4,901,000 after purchasing an additional 43,881 shares during the last quarter. Franklin Resources Inc. grew its position in Century Aluminum by 7.9% in the third quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock worth $524,000 after acquiring an additional 2,198 shares during the period. Barclays PLC lifted its stake in shares of Century Aluminum by 266.5% in the 3rd quarter. Barclays PLC now owns 97,396 shares of the industrial products company’s stock valued at $1,581,000 after purchasing an additional 70,825 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Century Aluminum by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock worth $20,774,000 after purchasing an additional 13,486 shares during the period. Finally, Impala Asset Management LLC raised its holdings in Century Aluminum by 6.4% in the 3rd quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock valued at $14,672,000 after buying an additional 54,000 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

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.