Q4 EPS Estimates for Century Aluminum Boosted by B. Riley

Century Aluminum (NASDAQ:CENX) – B. Riley lifted their Q4 2024 EPS estimates for Century Aluminum in a research report issued on Tuesday, December 17th. B. Riley analyst L. Pipes now anticipates that the industrial products company will earn $0.30 per share for the quarter, up from their previous forecast of $0.24. B. Riley currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Century Aluminum’s current full-year earnings is $0.56 per share.

Several other research firms also recently weighed in on CENX. StockNews.com upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Wolfe Research upgraded Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets raised their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th.

Century Aluminum Price Performance

Shares of CENX opened at $18.06 on Thursday. The firm has a market capitalization of $1.68 billion, a PE ratio of 6.04 and a beta of 2.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. The company’s fifty day moving average price is $20.46 and its 200-day moving average price is $17.20. Century Aluminum has a 1-year low of $9.65 and a 1-year high of $25.39.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. The business had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same quarter in the prior year, the business posted ($0.13) EPS.

Institutional Trading of Century Aluminum

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CENX. Quest Partners LLC boosted its stake in shares of Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,385 shares in the last quarter. GAMMA Investing LLC raised its holdings in Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 1,233 shares during the period. Olympiad Research LP purchased a new position in Century Aluminum during the third quarter worth approximately $180,000. Dynamic Technology Lab Private Ltd acquired a new stake in Century Aluminum in the third quarter valued at approximately $189,000. Finally, MQS Management LLC increased its position in shares of Century Aluminum by 8.1% in the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock valued at $198,000 after buying an additional 883 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

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.