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

Century Aluminum (NASDAQ:CENX) announced its earnings results on Thursday. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate 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 Trading Down 3.8 %

NASDAQ CENX traded down $0.80 on Thursday, hitting $20.04. 2,400,033 shares of the stock were exchanged, compared to its average volume of 1,535,433. The company’s 50-day moving average price is $19.37 and its two-hundred day moving average price is $17.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.56. Century Aluminum has a 52-week low of $9.65 and a 52-week high of $25.39. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 6.70 and a beta of 2.50.

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 shares were sold at an average price of $18.97, for a total value of $554,739.71. Following the completion of the sale, the chief executive officer now owns 50,753 shares of the company’s stock, valued at approximately $962,784.41. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on CENX. B. Riley lifted their price target on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Wolfe Research upgraded shares of Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.

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.