Century Aluminum (NASDAQ:CENX) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Century Aluminum (NASDAQ:CENX) released its earnings results on Thursday. The industrial products company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.11, Bloomberg Earnings reports. The firm had revenue of $473.10 million during the quarter, compared to analysts’ expectations of $475.87 million. Century Aluminum had a negative net margin of 5.29% and a negative return on equity of 9.33%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS.

Shares of CENX stock traded down $0.01 during mid-day trading on Friday, reaching $7.02. The company’s stock had a trading volume of 1,415,283 shares, compared to its average volume of 1,203,603. Century Aluminum has a 1-year low of $5.37 and a 1-year high of $13.47. The company has a market capitalization of $623.45 million, a P/E ratio of -50.14 and a beta of 1.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 2.11. The firm’s 50-day moving average is $6.94.

Several equities analysts recently commented on CENX shares. TheStreet cut shares of Century Aluminum from a “c-” rating to a “d+” rating in a research note on Wednesday, May 22nd. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, BidaskClub cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.14.

In other Century Aluminum news, Director Andrew G. Michelmore acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $5.78 per share, for a total transaction of $28,900.00. Following the purchase, the director now owns 40,598 shares in the company, valued at approximately $234,656.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.03% of the company’s stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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Earnings History for Century Aluminum (NASDAQ:CENX)

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