B. Riley Boosts Earnings Estimates for Century Aluminum

Century Aluminum Company (NASDAQ:CENX) – Research analysts at B. Riley lifted their FY2026 earnings estimates for shares of Century Aluminum in a research note issued to investors on Tuesday, September 9th. B. Riley analyst N. Giles now expects that the industrial products company will post earnings per share of $4.08 for the year, up from their prior forecast of $3.63. B. Riley has a “Buy” rating and a $28.00 price target on the stock. The consensus estimate for Century Aluminum’s current full-year earnings is $2.76 per share. B. Riley also issued estimates for Century Aluminum’s FY2027 earnings at $3.88 EPS.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.39). Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%.The company had revenue of $628.10 million during the quarter, compared to the consensus estimate of $606.10 million.

A number of other equities research analysts have also weighed in on the company. Wall Street Zen lowered Century Aluminum from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. BMO Capital Markets restated an “outperform” rating on shares of Century Aluminum in a research note on Friday, August 8th. Finally, Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $25.67.

Century Aluminum Stock Up 9.6%

Shares of NASDAQ CENX opened at $24.52 on Friday. Century Aluminum has a 52-week low of $12.90 and a 52-week high of $25.39. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 21.14 and a beta of 2.55. The stock has a 50 day moving average price of $21.69 and a 200 day moving average price of $18.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75.

Institutional Investors Weigh In On Century Aluminum

A number of institutional investors have recently added to or reduced their stakes in CENX. State Street Corp raised its holdings in Century Aluminum by 13.2% in the second quarter. State Street Corp now owns 3,665,546 shares of the industrial products company’s stock worth $66,053,000 after purchasing an additional 426,306 shares in the last quarter. Boston Partners grew its position in shares of Century Aluminum by 340.1% in the 2nd quarter. Boston Partners now owns 1,733,668 shares of the industrial products company’s stock worth $31,248,000 after buying an additional 1,339,744 shares during the last quarter. Sourcerock Group LLC raised its stake in shares of Century Aluminum by 612.0% during the 2nd quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after acquiring an additional 1,224,088 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Century Aluminum by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,300,691 shares of the industrial products company’s stock worth $23,443,000 after acquiring an additional 6,397 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in Century Aluminum during the first quarter valued at approximately $19,317,000. Institutional investors own 61.59% of the company’s stock.

Insider Activity

In other news, SVP Matt Aboud sold 12,027 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the completion of the transaction, the senior vice president directly owned 62,589 shares of the company’s stock, valued at approximately $1,456,446.03. The trade was a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.76% 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.