Century Aluminum (NASDAQ:CENX) Releases Earnings Results, Beats Expectations By $0.05 EPS

Century Aluminum (NASDAQ:CENX) posted its earnings results on Thursday. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05, Zacks reports. Century Aluminum had a return on equity of 11.37% and a net margin of 14.60%.

Century Aluminum Stock Performance

CENX traded down $0.80 during trading hours on Thursday, hitting $20.04. The company’s stock had a trading volume of 2,403,966 shares, compared to its average volume of 1,535,491. Century Aluminum has a fifty-two week low of $9.65 and a fifty-two week 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 $1.86 billion, a PE ratio of 6.70 and a beta of 2.50. The company has a 50-day simple moving average of $19.37 and a 200 day simple moving average of $17.99.

Insider Activity

In related news, CEO Jesse E. Gary sold 29,243 shares of Century Aluminum stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.97, for a total value of $554,739.71. Following the transaction, the chief executive officer now directly owns 50,753 shares in the company, valued at $962,784.41. The trade was a 36.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on CENX shares. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a report 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. BMO Capital Markets increased their price target on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, B. Riley increased their price target on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

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.