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

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

Century Aluminum Trading Up 4.4 %

Shares of Century Aluminum stock traded up $0.93 during mid-day trading on Wednesday, hitting $21.98. 2,456,245 shares of the stock were exchanged, compared to its average volume of 1,340,631. The company has a 50-day simple moving average of $15.67 and a 200 day simple moving average of $16.21. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 10.65 and a beta of 2.47. Century Aluminum has a twelve month low of $6.25 and a twelve month high of $22.66.

Analysts Set New Price Targets

CENX has been the topic of several research reports. StockNews.com lowered shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. B. Riley upped their target price on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their price target on Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” 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.