Century Aluminum (NASDAQ:CENX) Announces Earnings Results, Beats Estimates By $0.05 EPS

Century Aluminum (NASDAQ:CENX) posted its quarterly earnings results on Thursday. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05, Zacks reports. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%.

Century Aluminum Stock Performance

CENX stock traded down $0.80 during midday trading on Thursday, reaching $20.04. The company had a trading volume of 2,400,033 shares, compared to its average volume of 1,535,433. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average price of $19.37 and a 200 day moving average price of $17.99. Century Aluminum has a fifty-two week low of $9.65 and a fifty-two week high of $25.39. The firm has a market capitalization of $1.86 billion, a PE ratio of 6.70 and a beta of 2.50.

Insider Buying and Selling at Century Aluminum

In other news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the sale, the chief executive officer now owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CENX has been the subject of a number of research reports. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. B. Riley lifted their price target on Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets lifted their price target on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Tuesday, December 3rd.

Century Aluminum Company Profile

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.