Century Aluminum Co. (NASDAQ:CENX) announced its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. During the same period last year, the company earned $0.25 earnings per share. The firm earned $326.75 million during the quarter, compared to analysts’ expectations of $338.22 million. The business’s revenue for the quarter was down 37.6% on a year-over-year basis.
Century Aluminum (NASDAQ:CENX) traded down 1.26% during trading on Thursday, reaching $7.06. 1,692,573 shares of the company traded hands. The company’s market capitalization is $614.64 million. Century Aluminum has a 52 week low of $2.63 and a 52 week high of $10.02. The firm has a 50-day moving average price of $6.87 and a 200-day moving average price of $6.51.
A number of analysts have recently issued reports on the stock. Deutsche Bank AG increased their price objective on shares of Century Aluminum from $7.00 to $7.50 and gave the stock a “hold” rating in a research note on Monday, May 2nd. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Cowen and Company reissued a “hold” rating on shares of Century Aluminum in a research note on Saturday, April 30th. Finally, TheStreet raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.85.
Century Aluminum Company (Century) is a holding company, engaged in the production of primary aluminum and operation of aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates three United States aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Mt.
