What is B. Riley’s Estimate for CENX FY2024 Earnings?

Century Aluminum (NASDAQ:CENX) – Research analysts at B. Riley upped their FY2024 earnings per share estimates for shares of Century Aluminum in a research note issued to investors on Tuesday, December 17th. B. Riley analyst L. Pipes now forecasts that the industrial products company will post earnings of $0.62 per share for the year, up from their prior estimate of $0.56. 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. B. Riley also issued estimates for Century Aluminum’s FY2025 earnings at $2.76 EPS and FY2026 earnings at $3.02 EPS.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS 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 firm had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. During the same period in the prior year, the firm posted ($0.13) earnings per share.

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

Century Aluminum Stock Up 1.5 %

Shares of NASDAQ CENX opened at $18.33 on Friday. The firm has a fifty day simple moving average of $20.46 and a two-hundred day simple moving average of $17.20. Century Aluminum has a 12 month low of $9.65 and a 12 month high of $25.39. 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 firm has a market capitalization of $1.70 billion, a PE ratio of 6.13 and a beta of 2.50.

Hedge Funds Weigh In On Century Aluminum

Several institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in Century Aluminum by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock worth $6,144,000 after buying an additional 1,641 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Century Aluminum by 43.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,242 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 4,598 shares in the last quarter. Rhumbline Advisers increased its holdings in Century Aluminum by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 162,798 shares of the industrial products company’s stock worth $2,727,000 after acquiring an additional 6,886 shares in the last quarter. Quest Partners LLC raised its stake in 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 during the period. Finally, Texas Permanent School Fund Corp lifted its holdings in Century Aluminum by 102.9% during the second quarter. Texas Permanent School Fund Corp now owns 91,886 shares of the industrial products company’s stock valued at $1,539,000 after purchasing an additional 46,598 shares in the last quarter. Institutional investors 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.