B. Riley Predicts Increased Earnings for Century Aluminum

Century Aluminum (NASDAQ:CENX) – Equities researchers at B. Riley raised their Q4 2024 earnings estimates for shares of Century Aluminum in a research note issued to investors on Tuesday, December 17th. B. Riley analyst L. Pipes now anticipates that the industrial products company will post earnings per share of $0.30 for the quarter, up from their prior estimate 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.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The company had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. During the same period last year, the firm earned ($0.13) earnings per share.

A number of other equities research analysts have also recently commented on the company. 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. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, BMO Capital Markets lifted their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th.

Century Aluminum Stock Up 1.6 %

Shares of CENX traded up $0.29 during midday trading on Thursday, hitting $18.88. 41,674 shares of the company’s stock traded hands, compared to its average volume of 1,298,869. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 6.31 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 firm’s fifty day moving average is $20.43 and its 200-day moving average is $17.19.

Hedge Funds Weigh In On Century Aluminum

Large investors have recently bought and sold shares of the business. Quest Partners LLC grew its stake in Century Aluminum by 104.1% in the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 1,385 shares during the period. GAMMA Investing LLC grew its position in shares of Century Aluminum by 39.6% in the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,233 shares during the period. Olympiad Research LP acquired a new stake in shares of Century Aluminum in the third quarter valued at about $180,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Century Aluminum during the third quarter worth about $189,000. Finally, MQS Management LLC raised its position in shares of Century Aluminum by 8.1% during the 2nd quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 883 shares during 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.