Century Aluminum (CENX) Expected to Announce Earnings on Wednesday

Century Aluminum (NASDAQ:CENX) is expected to post its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Century Aluminum to post earnings of $0.42 per share and revenue of $530.40 million for the quarter.

Century Aluminum Stock Performance

NASDAQ CENX opened at $21.76 on Wednesday. The company has a fifty day moving average of $19.57 and a two-hundred day moving average of $17.73. The company has a market capitalization of $2.02 billion, a PE ratio of 7.28 and a beta of 2.50. Century Aluminum has a 1 year low of $9.65 and a 1 year high of $25.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56.

Insiders Place Their Bets

In other news, CEO Jesse E. Gary sold 29,243 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $18.97, for a total transaction of $554,739.71. Following the transaction, the chief executive officer now directly owns 50,753 shares in the company, valued at $962,784.41. The trade was a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CENX shares. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. BMO Capital Markets increased their price objective on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. B. Riley lifted their target price on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Wolfe Research upgraded shares of 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.

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.