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Century Aluminum's Q4 Earnings and Revenues Surpass Estimates
Century Aluminum Company CENX logged earnings of 47 cents per share for the fourth quarter of 2024, beating the Zacks Consensus Estimate of 30 cents. The figure compares favorably with the prior-year quarter’s earnings of 30 cents per share and earnings of 46 cents per share in the previous quarter.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Century Aluminum Company Price, Consensus and EPS Surprise
Century Aluminum Company price-consensus-eps-surprise-chart | Century Aluminum Company Quote
CENX’s Revenues and Shipments
The company reported net sales of $631 million, up 23.2% year over year. The figure beat the Zacks Consensus Estimate of $560.8 million. Sales also increased 17% sequentially.
The sequential increase in sales in the fourth quarter was due to higher third-party alumina sales, higher aluminum prices and increased regional premiums. This was offset by a 1% decrease in primary aluminum shipments.
Primary aluminum shipments were 166,677 tons, down around 4.1% year over year.
CENX’s Financials
At the end of the quarter, the company had cash and cash equivalents of $32.9 million, down 63% year over year. Net cash used by operating activities was $24.6 million for the year ended Dec. 31, 2024.
CENX’s Q1 2025 Outlook
The company forecasts first-quarter 2025 adjusted EBITDA to be in the range of $75 million to $85 million, with improved metal pricing and regional premiums offset by higher energy and raw materials costs.
CENX’s Stock Price Performance
Shares of Century Aluminum have gained 85.1% in the past year compared with the industry’s 26.9% rise.
CENX’s Zacks Rank & Key Picks
CENX currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are ICL Group Ltd. ICL, Fortuna Mining Corp. FSM and Kronos Worldwide KRO.
ICL is slated to report fourth-quarter results on Feb. 26. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 6 cents per share. ICL beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 18.1%. ICL carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
Fortuna is scheduled to release fourth-quarter results on March 5. The Zacks Consensus Estimate for FSM’s fourth-quarter earnings is pegged at 16 cents per share. FSM, a Zacks Rank #2 stock, has gained around 64% in the past year. FSM beat the Zacks Consensus Estimate in two of the last four quarters while missing twice, with the average earnings surprise being 53.5%.
Kronos is expected to report fourth-quarter results on March 5. The consensus estimate for KRO’s fourth-quarter earnings is pegged at 11 cents per share. KRO, carrying a Zacks Rank #2, beat the consensus estimate in three of the last four quarters while missing once, with the average earnings surprise being 41.7%.
This article originally published on Zacks Investment Research (zacks.com).
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B. Riley Adjusts Century Aluminum Price Target to $26 From $24, Maintains Buy Rating
Century Aluminum has an average rating of Buy and mean price target of $25, according to analysts polled by FactSet.
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Century Aluminum “well positioned” to benefit from tariffs, BMO upgrades stock
Investing.com -- BMO Capital Markets upgraded Century Aluminum Company (NASDAQ:CENX) to "Outperform" from "Market Perform" given its favourable valuation following a recent sell-off and the company's strong positioning amid rising aluminum prices and tariffs.
Century is the largest primary aluminum producer in the U.S. and is set to benefit from the upcoming increase in Section 232 aluminum tariffs to 25% from 10%. BMO noted that the Midwest Aluminum Premium (MWP) has already risen to around $0.40/lb from the low $0.20s in January, potentially adding millions to its EBITDA estimate. The brokerage sees further upside if the MWP jumps more.
The ongoing strategic review of Century's idled Hawesville smelter, with potential outcomes including a sale or restart, which could generate upto $250 million in EBITDA at current aluminum prices. Additionally, the firm pointed to increasing shareholder return potential as Century approaches its liquidity and net debt targets.
Century shares are trading at 5.6x and 5.3x BMO’s 2025 and 2026 EBITDA estimates, and below 4.0x on a spot basis, reinforcing the firm's view that the market is underappreciating the company’s earnings potential.
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BMO Capital Upgrades Century Aluminum to Outperform From Market Perform, Price Target is $22
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Dj Century Aluminum Price Target Maintained With A $22.00/Share By Bmo Capital
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Dj Century Aluminum Raised To Outperform From Market Perform By Bmo Capital
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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