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

Century Aluminum (NASDAQ:CENX) announced its earnings results on Thursday. The industrial products company reported $0.47 earnings per share 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%. During the same quarter in the prior year, the business posted $0.39 earnings per share.

Century Aluminum Stock Performance

NASDAQ CENX opened at $20.04 on Friday. The stock has a market cap of $1.86 billion, a PE ratio of 6.70 and a beta of 2.50. The company has a current ratio of 1.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71. Century Aluminum has a twelve month low of $9.65 and a twelve month high of $25.39. The stock has a fifty day simple moving average of $19.34 and a 200-day simple moving average of $18.01.

Insider Transactions at Century Aluminum

In related news, CEO Jesse E. Gary sold 29,243 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.97, for a total transaction of $554,739.71. Following the completion of the transaction, the chief executive officer now directly owns 50,753 shares in the company, valued at $962,784.41. This trade represents a 36.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

CENX has been the subject of several research analyst reports. Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Tuesday, December 3rd. StockNews.com raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. BMO Capital Markets increased their price objective on Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, B. Riley raised their target price on Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

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.