Century Aluminum (NASDAQ:CENX) Releases Earnings Results, Beats Estimates By $0.13 EPS

Century Aluminum (NASDAQ:CENX) issued its quarterly earnings data on Thursday. The industrial products company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.33 by $0.13, FiscalAI reports. The company had revenue of $752.10 million during the quarter, compared to analysts’ expectations of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 38.74%. The business’s quarterly revenue was up 59.0% on a year-over-year basis.

Here are the key takeaways from Century Aluminum’s conference call:

• Positive Sentiment: Century completed the Mount Holly expansion and restarted Grundartangi Line 2, bringing all major assets to full or near-full capacity. Mount Holly’s full production benefit will begin appearing in Q3, although post-restart instability is expected to weigh modestly on that quarter.
• Positive Sentiment: Q2 shipments rose 6% sequentially to approximately 131,000 tons, while adjusted EBITDA increased to $327 million on stronger aluminum prices, regional premiums, and higher volumes. Management expects Q3 adjusted EBITDA of $325 million–$345 million.
• Positive Sentiment: The balance sheet strengthened materially, with $388 million of quarter-end cash, $66 million of debt repayment, no revolver borrowings, and cash exceeding total debt by the end of July. Lower growth capital spending and expected working-capital recovery should support stronger second-half cash conversion.
• Positive Sentiment: Management highlighted a favorable aluminum market, citing an expected global deficit of roughly one million tons in 2026, continued deficits in 2027, and historically low inventories. The company also expects Jamalco’s new turbine to reduce energy costs by roughly $20 per ton and provide greater power reliability.
• Neutral Sentiment: Century continues targeting a final investment decision and groundbreaking for its Oklahoma smelter by year-end 2026, with first hot metal expected by late 2029. The project has potential support from a $500 million DOE grant, financing discussions, the Hawesville stake, and a new tariff incentive, but final energy contracts, engineering, financing, and community concerns remain execution milestones.

Century Aluminum Price Performance

CENX traded up $5.28 on Friday, reaching $51.23. The company had a trading volume of 3,739,269 shares, compared to its average volume of 1,841,968. Century Aluminum has a 52-week low of $20.91 and a 52-week high of $70.43. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 8.85 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. The business has a 50 day simple moving average of $49.67 and a 200 day simple moving average of $53.89.

Wall Street Analyst Weigh In

CENX has been the topic of several recent analyst reports. Wall Street Zen cut shares of Century Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings lowered shares of Century Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Wells Fargo & Company upped their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Zacks Research downgraded Century Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, B. Riley Financial dropped their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $76.00.

Hedge Funds Weigh In On Century Aluminum

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in shares of Century Aluminum during the 4th quarter worth $164,000. ANB Bank bought a new position in Century Aluminum in the fourth quarter valued at $243,000. Systematic Alpha Investments LLC bought a new position in Century Aluminum in the fourth quarter valued at $243,000. Meeder Asset Management Inc. purchased a new stake in Century Aluminum during the fourth quarter valued at about $176,000. Finally, Vise Technologies Inc. purchased a new stake in Century Aluminum during the third quarter valued at about $208,000. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.

The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.