B. Riley Brokers Lower Earnings Estimates for Century Aluminum (NASDAQ:CENX)

Century Aluminum (NASDAQ:CENX) – Analysts at B. Riley decreased their Q3 2021 EPS estimates for Century Aluminum in a research note issued to investors on Tuesday, October 12th. B. Riley analyst L. Pipes now expects that the industrial products company will post earnings of ($0.10) per share for the quarter, down from their previous forecast of ($0.06). B. Riley has a “Buy” rating and a $19.00 price objective on the stock. B. Riley also issued estimates for Century Aluminum’s FY2021 earnings at $0.31 EPS and FY2023 earnings at $1.44 EPS.

Separately, Zacks Investment Research raised shares of Century Aluminum from a “sell” rating to a “hold” rating and set a $14.00 price target on the stock in a research report on Thursday, September 23rd.

CENX stock opened at $15.83 on Thursday. The firm has a market cap of $1.43 billion, a PE ratio of -5.29 and a beta of 2.82. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.37 and a current ratio of 1.21. The firm’s 50 day moving average price is $12.89 and its 200-day moving average price is $13.67. Century Aluminum has a one year low of $6.27 and a one year high of $19.60.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Wednesday, August 4th. The industrial products company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.05). The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $559.30 million. Century Aluminum had a negative net margin of 15.32% and a negative return on equity of 36.47%. During the same period in the previous year, the firm posted ($0.19) EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. grew its stake in shares of Century Aluminum by 16.7% in the first quarter. Alliancebernstein L.P. now owns 42,480 shares of the industrial products company’s stock worth $750,000 after acquiring an additional 6,086 shares in the last quarter. BlackRock Inc. boosted its stake in Century Aluminum by 8.2% in the first quarter. BlackRock Inc. now owns 8,305,107 shares of the industrial products company’s stock valued at $146,668,000 after acquiring an additional 627,928 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Century Aluminum by 10.8% in the first quarter. New York State Common Retirement Fund now owns 44,200 shares of the industrial products company’s stock valued at $781,000 after acquiring an additional 4,300 shares in the last quarter. UBS Group AG boosted its stake in Century Aluminum by 70,322.1% in the first quarter. UBS Group AG now owns 95,774 shares of the industrial products company’s stock valued at $1,692,000 after acquiring an additional 95,638 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in Century Aluminum by 101.1% in the first quarter. Ensign Peak Advisors Inc now owns 36,400 shares of the industrial products company’s stock valued at $643,000 after acquiring an additional 18,300 shares in the last quarter. 57.34% of the stock is currently owned by institutional investors.

Century Aluminum Company Profile

Century Aluminum Co is a producer of aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. Its products include standard ingots, T-ingot, extrusion billet, horizontal direct chill ingot, molten, slab, and sow. The company was founded in 1995 and is headquartered in Chicago, IL.

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Earnings History and Estimates for Century Aluminum (NASDAQ:CENX)

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