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

Century Aluminum (NASDAQ:CENX) issued its quarterly earnings results on Thursday. The industrial products company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.11, Bloomberg Earnings reports. The company 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% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS.

Shares of CENX traded down $0.01 during mid-day trading on Friday, hitting $7.02. 1,415,283 shares of the company’s stock were exchanged, compared to its average volume of 1,203,603. The firm has a market capitalization of $623.45 million, a P/E ratio of -50.14 and a beta of 1.94. Century Aluminum has a 52 week low of $5.37 and a 52 week high of $13.47. The stock has a 50-day moving average of $6.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 2.11.

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

Several equities analysts have recently weighed in 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. BidaskClub cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.14.

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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