Century Aluminum (NASDAQ:CENX) Posts Earnings Results, Beats Expectations By $0.31 EPS

Century Aluminum (NASDAQ:CENX) released its quarterly earnings data on Monday. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.32 by $0.31, RTT News reports. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. The company had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. During the same quarter in the prior year, the firm posted ($0.13) EPS.

Century Aluminum Stock Performance

Shares of Century Aluminum stock traded up $2.93 during trading on Tuesday, reaching $20.47. The company’s stock had a trading volume of 1,702,757 shares, compared to its average volume of 1,322,900. Century Aluminum has a 52 week low of $6.25 and a 52 week high of $21.37. The firm has a market cap of $1.90 billion, a PE ratio of 9.82 and a beta of 2.47. The business’s 50-day moving average price is $15.55 and its 200-day moving average price is $16.19. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of 0.77.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets reduced their price target on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, August 9th. StockNews.com cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday. Finally, B. Riley increased their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday.

Century Aluminum Company Profile

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.