B. Riley Equities Analysts Lift Earnings Estimates for CENX

Key Points

• B. Riley has raised its FY2026 earnings estimates for Century Aluminum to $4.08 per share, significantly above the previous forecast of $3.63.
• Despite a recent quarterly loss of ($0.05) EPS, the company's revenue for the quarter was $628.10 million, exceeding the expected $606.10 million.
• Institutional investors currently own 61.59% of Century Aluminum, with notable increases in stakes from firms like State Street Corp and Boston Partners.

Century Aluminum Company (NASDAQ:CENX - Free Report) - Investment analysts at B. Riley upped their FY2026 earnings per share (EPS) estimates for shares of Century Aluminum in a research note issued on Tuesday, September 9th. B. Riley analyst N. Giles now forecasts that the industrial products company will post earnings per share of $4.08 for the year, up from their previous forecast of $3.63. B. Riley has a "Buy" rating and a $28.00 price objective on the stock. The consensus estimate for Century Aluminum's current full-year earnings is $2.76 per share. B. Riley also issued estimates for Century Aluminum's FY2027 earnings at $3.88 EPS.

Several other research firms have also recently weighed in on CENX. Wall Street Zen cut Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. BMO Capital Markets restated an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. Finally, Zacks Research upgraded Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, Century Aluminum currently has a consensus rating of "Buy" and a consensus price target of $25.67.

Century Aluminum Price Performance

NASDAQ CENX traded up $1.57 during trading on Friday, hitting $26.09. 3,394,320 shares of the stock traded hands, compared to its average volume of 1,390,937. The company has a market capitalization of $2.44 billion, a P/E ratio of 22.49 and a beta of 2.55. The firm has a 50-day simple moving average of $21.83 and a 200-day simple moving average of $18.98. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.66. Century Aluminum has a 12-month low of $13.05 and a 12-month high of $26.10.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.39). The firm had revenue of $628.10 million for the quarter, compared to analysts' expectations of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%.

Insider Activity at Century Aluminum

In other news, SVP Matt Aboud sold 12,027 shares of Century Aluminum stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the completion of the transaction, the senior vice president owned 62,589 shares in the company, valued at approximately $1,456,446.03. The trade was a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.68% of the company's stock.

Institutional Investors Weigh In On Century Aluminum

Institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Century Aluminum by 60.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,622 shares of the industrial products company's stock worth $773,000 after acquiring an additional 15,683 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Century Aluminum by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $101,000 after acquiring an additional 628 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Century Aluminum by 130.4% during the 1st quarter. Teacher Retirement System of Texas now owns 33,414 shares of the industrial products company's stock worth $620,000 after acquiring an additional 18,909 shares during the last quarter. Aristeia Capital L.L.C. bought a new stake in shares of Century Aluminum during the 1st quarter worth approximately $408,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Century Aluminum during the 1st quarter worth approximately $4,918,000. 61.59% of the stock is owned by institutional investors.

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.