Century Aluminum (NASDAQ:CENX) Releases Earnings Results, Beats Estimates By $0.23 EPS

Century Aluminum (NASDAQ:CENX – Get Rating) issued its earnings results on Thursday. The industrial products company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.23, MarketWatch Earnings reports. Century Aluminum had a negative return on equity of 17.98% and a negative net margin of 7.73%. During the same period in the prior year, the company earned ($0.54) EPS.

Shares of NASDAQ:CENX traded down $2.46 on Friday, reaching $16.87. The company had a trading volume of 3,582,252 shares, compared to its average volume of 1,818,052. Century Aluminum has a twelve month low of $10.39 and a twelve month high of $30.36. The stock has a 50-day moving average price of $24.94 and a 200 day moving average price of $18.95. The stock has a market capitalization of $1.54 billion, a P/E ratio of -84.35 and a beta of 2.41. The company has a quick ratio of 0.35, a current ratio of 1.13 and a debt-to-equity ratio of 0.78.

In related news, VP Michelle Harrison sold 16,284 shares of the business’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $23.22, for a total transaction of $378,114.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig C. Conti sold 12,920 shares of the business’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $25.69, for a total value of $331,914.80. The disclosure for this sale can be found here. Insiders sold 44,491 shares of company stock valued at $1,132,562 in the last ninety days. Insiders own 0.72% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc acquired a new position in shares of Century Aluminum during the 4th quarter worth about $42,000. Strategic Wealth Advisors Group LLC acquired a new position in shares of Century Aluminum during the 4th quarter worth about $233,000. MetLife Investment Management LLC lifted its position in shares of Century Aluminum by 37.6% during the 4th quarter. MetLife Investment Management LLC now owns 17,836 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 4,876 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its position in shares of Century Aluminum by 20.3% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 22,503 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 3,792 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Century Aluminum by 18.4% during the 3rd quarter. Royal Bank of Canada now owns 24,756 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 3,841 shares during the last quarter. 55.72% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on CENX. StockNews.com began coverage on Century Aluminum in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet upgraded Century Aluminum from a “d” rating to a “c” rating in a research note on Thursday, February 24th. Finally, B. Riley boosted their target price on Century Aluminum from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 13th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Century Aluminum presently has a consensus rating of “Buy” and a consensus price target of $21.67.

Century Aluminum Company Profile (Get Rating)

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.

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