Century Aluminum (NASDAQ:CENX) posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01, Fidelity Earnings reports. The business had revenue of $481.80 million during the quarter, compared to analysts’ expectations of $469.09 million. Century Aluminum had a net margin of 1.80% and a return on equity of 6.51%.
CENX stock traded down $0.31 during midday trading on Friday, reaching $9.32. The company had a trading volume of 1,193,952 shares, compared to its average volume of 2,525,429. Century Aluminum has a 1 year low of $7.65 and a 1 year high of $24.77. The company has a quick ratio of 0.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.30. The company has a market cap of $857.92 million, a price-to-earnings ratio of 25.89 and a beta of 1.17.
CENX has been the subject of a number of research reports. Deutsche Bank cut shares of Century Aluminum from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $15.00 in a report on Tuesday, October 2nd. Berenberg Bank initiated coverage on shares of Century Aluminum in a report on Friday, September 21st. They set a “sell” rating and a $10.00 target price for the company. ValuEngine upgraded shares of Century Aluminum from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 17th. BidaskClub upgraded shares of Century Aluminum from a “strong sell” rating to a “sell” rating in a report on Saturday, November 3rd. Finally, BMO Capital Markets reduced their price target on shares of Century Aluminum from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Century Aluminum currently has an average rating of “Hold” and an average target price of $15.63.
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About Century Aluminum
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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