B. Riley Equities Analysts Cut Earnings Estimates for CENX

Century Aluminum (NASDAQ:CENX) – B. Riley reduced their FY2026 earnings per share (EPS) estimates for shares of Century Aluminum in a research note issued on Tuesday, April 8th. B. Riley analyst N. Giles now anticipates that the industrial products company will post earnings of $2.86 per share for the year, down from their previous estimate of $4.56. The consensus estimate for Century Aluminum’s current full-year earnings is $2.76 per share. B. Riley also issued estimates for Century Aluminum’s FY2027 earnings at $3.15 EPS.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. Century Aluminum had a net margin of 14.69% and a return on equity of 13.38%. The business had revenue of $631.00 million for the quarter, compared to analyst estimates of $515.27 million. During the same period in the prior year, the business posted $0.39 earnings per share.

A number of other equities research analysts also recently commented on CENX. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, March 24th. BMO Capital Markets upgraded Century Aluminum from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Monday, February 24th.

Century Aluminum Stock Performance

CENX stock opened at $15.60 on Thursday. Century Aluminum has a twelve month low of $11.40 and a twelve month high of $25.39. 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 company has a market cap of $1.44 billion, a P/E ratio of 4.94 and a beta of 2.56. The business’s fifty day moving average is $18.60 and its 200-day moving average is $19.13.

Hedge Funds Weigh In On Century Aluminum

Several institutional investors have recently modified their holdings of CENX. New Age Alpha Advisors LLC acquired a new stake in Century Aluminum during the 4th quarter worth approximately $39,000. AlphaQuest LLC boosted its holdings in shares of Century Aluminum by 2,889.3% in the fourth quarter. AlphaQuest LLC now owns 2,511 shares of the industrial products company’s stock valued at $46,000 after buying an additional 2,427 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Century Aluminum during the fourth quarter worth $54,000. Nisa Investment Advisors LLC raised its holdings in shares of Century Aluminum by 159.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,256 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 2,000 shares during the period. Finally, Corton Capital Inc. bought a new stake in Century Aluminum in the 4th quarter valued at $189,000. Institutional investors own 61.59% of the company’s stock.

Insider Transactions at Century Aluminum

In other Century Aluminum news, CAO Robert F. Hoffman sold 2,500 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $19.99, for a total value of $49,975.00. Following the completion of the sale, the chief accounting officer now directly owns 64,083 shares in the company, valued at $1,281,019.17. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

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.