Wall Street brokerages expect Century Aluminum Co (NASDAQ:CENX) to post sales of $444.11 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Century Aluminum’s earnings, with the lowest sales estimate coming in at $443.22 million and the highest estimate coming in at $445.00 million. Century Aluminum reported sales of $481.80 million during the same quarter last year, which indicates a negative year-over-year growth rate of 7.8%. The company is scheduled to report its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Century Aluminum will report full-year sales of $1.86 billion for the current financial year. For the next fiscal year, analysts forecast that the company will post sales of $1.85 billion, with estimates ranging from $1.79 billion to $1.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Century Aluminum.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.11. Century Aluminum had a negative return on equity of 15.98% and a negative net margin of 7.28%. The company had revenue of $473.10 million during the quarter, compared to the consensus estimate of $475.87 million. During the same quarter last year, the company earned $0.32 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis.
Shares of CENX traded down $0.21 during mid-day trading on Thursday, reaching $5.67. The company had a trading volume of 1,066,200 shares, compared to its average volume of 1,392,870. Century Aluminum has a twelve month low of $5.37 and a twelve month high of $13.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 0.79. The company’s 50-day moving average is $6.95 and its 200-day moving average is $7.69. The company has a market capitalization of $522.67 million, a P/E ratio of -40.50 and a beta of 1.94.
In related news, Director Andrew G. Michelmore purchased 5,000 shares of Century Aluminum stock in a transaction dated Thursday, June 13th. The shares were acquired at an average cost of $5.78 per share, for a total transaction of $28,900.00. Following the transaction, the director now directly owns 40,598 shares of the company’s stock, valued at $234,656.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.03% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Century Aluminum by 9.3% in the 4th quarter. Bank of New York Mellon Corp now owns 627,332 shares of the industrial products company’s stock valued at $4,586,000 after buying an additional 53,229 shares during the period. Geode Capital Management LLC grew its holdings in Century Aluminum by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 562,761 shares of the industrial products company’s stock valued at $4,112,000 after buying an additional 17,070 shares during the period. Principal Financial Group Inc. grew its holdings in Century Aluminum by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 398,412 shares of the industrial products company’s stock valued at $2,912,000 after buying an additional 2,312 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Century Aluminum by 374.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,847 shares of the industrial products company’s stock valued at $123,000 after buying an additional 13,295 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Century Aluminum in the 4th quarter valued at about $167,000. Institutional investors and hedge funds own 53.20% of the company’s stock.
Century Aluminum Company Profile
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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