B. Riley Decreases Earnings Estimates for Century Aluminum

Century Aluminum (NASDAQ:CENX - Free Report) - B. Riley decreased their Q1 2025 earnings per share (EPS) estimates for shares of Century Aluminum in a research note issued to investors on Tuesday, April 29th. B. Riley analyst N. Giles now forecasts that the industrial products company will post earnings per share of $0.53 for the quarter, down from their previous forecast of $0.77. 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 Q2 2025 earnings at $0.97 EPS, FY2025 earnings at $3.36 EPS, FY2026 earnings at $3.31 EPS and FY2027 earnings at $3.48 EPS.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The business had revenue of $631.00 million during the quarter, compared to analyst estimates of $515.27 million. Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. During the same quarter last year, the company posted $0.39 EPS.

CENX has been the topic of several other reports. StockNews.com downgraded shares of Century Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. BMO Capital Markets raised Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Monday, February 24th.

Century Aluminum Trading Down 5.3 %

Shares of Century Aluminum stock traded down $0.91 during trading on Friday, hitting $16.38. The stock had a trading volume of 1,741,702 shares, compared to its average volume of 1,383,606. Century Aluminum has a 1 year low of $11.40 and a 1 year high of $25.39. The stock has a 50 day simple moving average of $17.49 and a 200 day simple moving average of $19.13. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.53 billion, a PE ratio of 5.18 and a beta of 2.70.

Hedge Funds Weigh In On Century Aluminum

Hedge funds have recently bought and sold shares of the business. Glencore plc acquired a new position in Century Aluminum in the 4th quarter valued at $729,427,000. Dimensional Fund Advisors LP lifted its position in shares of Century Aluminum by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock worth $53,531,000 after acquiring an additional 28,557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Century Aluminum by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock worth $37,665,000 after buying an additional 111,203 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Century Aluminum by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 959,033 shares of the industrial products company's stock valued at $15,565,000 after acquiring an additional 319,164 shares in the last quarter. Finally, Yaupon Capital Management LP grew its stake in shares of Century Aluminum by 76.3% in the 4th quarter. Yaupon Capital Management LP now owns 567,837 shares of the industrial products company's stock valued at $10,346,000 after purchasing an additional 245,813 shares during the period. 61.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Robert F. Hoffman sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $19.99, for a total transaction of $49,975.00. Following the transaction, the chief accounting officer now owns 64,083 shares of the company's stock, valued at approximately $1,281,019.17. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

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.