Century Aluminum (NASDAQ:CENX – Get Free Report) posted its quarterly earnings results on Monday. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31, RTT News reports. The business had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. During the same period in the prior year, the company posted ($0.13) EPS.
Century Aluminum Stock Performance
Shares of NASDAQ:CENX traded up $0.05 on Wednesday, hitting $21.10. 66,412 shares of the company were exchanged, compared to its average volume of 1,329,574. The company’s 50 day moving average price is $15.67 and its two-hundred day moving average price is $16.21. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 10.12 and a beta of 2.47. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72. Century Aluminum has a one year low of $6.25 and a one year high of $22.29.
Analysts Set New Price Targets
CENX has been the subject of a number of recent research reports. StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. B. Riley increased their price target on Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, 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.
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.
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