Q2 2024 EPS Estimates for Century Aluminum (NASDAQ:CENX) Increased by B. Riley

Century Aluminum (NASDAQ:CENX) – Research analysts at B. Riley upped their Q2 2024 earnings estimates for shares of Century Aluminum in a report issued on Thursday, May 2nd. B. Riley analyst L. Pipes now anticipates that the industrial products company will post earnings per share of $0.02 for the quarter, up from their prior forecast of ($0.05). B. Riley currently has a “Buy” rating and a $14.00 target price on the stock. The consensus estimate for Century Aluminum’s current full-year earnings is $3.10 per share. B. Riley also issued estimates for Century Aluminum’s Q3 2024 earnings at $0.20 EPS, Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $3.10 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.87 EPS, Q1 2026 earnings at $0.41 EPS and FY2026 earnings at $1.71 EPS.

A number of other brokerages also recently issued reports on CENX. BMO Capital Markets raised their price target on shares of Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Friday.

Century Aluminum Stock Up 3.5 %

Shares of NASDAQ CENX opened at $17.40 on Monday. The company has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $11.19. The company has a market capitalization of $1.61 billion, a P/E ratio of 7.98 and a beta of 2.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.67 and a quick ratio of 0.63. Century Aluminum has a 1 year low of $5.70 and a 1 year high of $18.64.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.53. The business had revenue of $512.30 million during the quarter, compared to the consensus estimate of $514.40 million. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%.

Institutional Trading of Century Aluminum

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in Century Aluminum by 199.8% in 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 last quarter. Allworth Financial LP acquired a new position in shares of Century Aluminum in the fourth quarter worth $68,000. Strs Ohio grew its stake in shares of Century Aluminum by 625.0% in the third quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 7,500 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Century Aluminum by 35.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 2,405 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Century Aluminum in the first quarter worth $161,000. Institutional investors and hedge funds 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.