B. Riley Predicts Stronger Earnings for Century Aluminum

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

A number of other research analysts have also recently weighed in on CENX. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Tuesday, December 3rd. Finally, BMO Capital Markets upped 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.

Century Aluminum Stock Performance

Shares of CENX opened at $18.33 on Thursday. Century Aluminum has a 12-month low of $9.65 and a 12-month high of $25.39. The stock has a market cap of $1.70 billion, a P/E ratio of 6.13 and a beta of 2.50. 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 company has a 50-day moving average of $20.46 and a two-hundred day moving average of $17.20.

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

Institutional Trading of Century Aluminum

Hedge funds and other institutional investors have recently bought and sold shares of the company. MQS Management LLC lifted its stake 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 period. GAMMA Investing LLC boosted its stake 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 buying an additional 1,233 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Century Aluminum by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock valued at $467,000 after buying an additional 1,335 shares during the period. Quest Partners LLC increased 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 valued at $45,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Century Aluminum by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock worth $6,144,000 after acquiring an additional 1,641 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

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.