9.26 0.00 (0.00%)
After hours: 5:16PM EST
|Bid||8.90 x 4000|
|Ask||9.60 x 800|
|Day's Range||8.99 - 9.98|
|52 Week Range||6.54 - 22.94|
|Beta (3Y Monthly)||2.11|
|PE Ratio (TTM)||25.58|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.83|
Century Aluminum Posted a Loss despite Trump’s TariffsCentury Aluminum On February 21, Century Aluminum (CENX) released its fourth-quarter earnings after the markets closed. The company posted an adjusted net loss of $40.7 million in the fourth
Century (CENX) delivered earnings and revenue surprises of 20.37% and 1.84%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
The Chicago-based company said it had a loss of 74 cents per share. Losses, adjusted for non-recurring costs, were 43 cents per share. The results exceeded Wall Street expectations. The average estimate ...
CHICAGO, Feb. 21, 2019 -- Century Aluminum Company (NASDAQ: CENX) today announced fourth quarter and full year 2018 results. Fourth Quarter 2018 Financial Results.
It is almost a year since the United States imposed duties on imports of aluminium and steel on national security grounds. If the aim of the so-called "Section 232" tariffs was to lift domestic production, President Donald Trump's administration can claim a degree of success. U.S. output of primary aluminium has started rising sharply thanks to restarts of idled capacity, although not all of them have been directly down to the 10-percent import tariff.
Mining giant Glencore has bought 200,000 tonnes of aluminium on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said. Glencore wants the aluminium for delivery to clients but sources said the move was also a direct challenge to ISTIM, which is preventing companies from taking LME warranted metal when needed from its warehouses in Port Klang.
US-China Trade Deficit Narrows: Will It Please Trump?(Continued from Prior Part)AlcoaIn the previous part, we noted that China’s steel exports rose in January. While China’s steel exports have been in a downtrend after hitting a record high in
Century (CENX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll look at Century Aluminum CompanyRead More...
NEW YORK, Feb. 11, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
CHICAGO, Feb. 08, 2019 -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2018 earnings on Thursday, February 21, 2019 after the close of market trading. The.
# Century Aluminum Co ### NASDAQ/NGS:CENX View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate and increasing * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Neutral Short interest is moderate for CENX with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on January 9. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $617 million over the last one-month into ETFs that hold CENX are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Judging by the stock prices of metal producers, you could be mistaken for thinking he’s trying to destroy the industry instead. The aggregate market capitalization of the seven major U.S. primary steel and aluminum producers — Nucor Corp., U.S. Steel Corp., AK Steel Holding Corp., Steel Dynamics Inc., Commercial Metals Co., Alcoa Corp. and Century Aluminum Co. — is now down about one-third since Jan. 11 last year.
Alcoa: Strong Q4 Numbers Can’t Hide Its WeaknessAlcoaAlcoa (AA), the leading US-based aluminum producer (XME), released its fourth-quarter earnings on January 16 after the markets closed. The company reported revenues of $3.3 billion during the
China’s Trade Surplus Surges Higher under Trump’s Watch(Continued from Prior Part)Aluminum exportsIn the previous article, we noted that Chinese steel exports have fallen on a YoY basis for three years, and last year’s exports were roughly 38%
Alcoa: Could There Be a Surprise in Its Q4 Earnings? In the previous part, we noted that Alcoa’s (AA) 2019 earnings estimates look elevated. Aluminum prices (RIO) are hovering near $1,800 per metric ton, while the Alumina Price Index is ~$400 per metric ton.
Alcoa: Could There Be a Surprise in Its Q4 Earnings? (Continued from Prior Part) ## Alcoa As we noted previously, aluminum producers, including Century Aluminum (CENX), fell sharply last year and aluminum prices fell. Alumina was relatively strong in 2018 amid supply disruptions. While Alcoa (AA) stock also fell last year, its earnings were actually strong due to higher alumina prices (AWC). Analysts polled by Thomson Reuters expect Alcoa to post an adjusted EBITDA of $3.0 billion in 2018, which is ~30% higher than its 2017 EBITDA. ## Fourth-quarter estimates Looking at the fourth-quarter estimates, Alcoa is expected to post revenues of $3.35 billion in the fourth quarter. The company posted revenues of $3.39 billion in the third quarter and $3.17 billion in the fourth quarter of 2017. Alcoa’s adjusted EBITDA is expected to fall to $717 million in the fourth quarter from $795 million in the third quarter. While Alcoa’s fourth-quarter numbers don’t look that bad, the real test could be in 2019. Analysts expect Alcoa’s adjusted EBITDA to fall to $531 million in the first quarter of 2019. Although analysts expect the company’s EBITDA to rise in the following quarters, the estimates seem to be assuming higher aluminum prices from the current levels. ## Key drivers Falling aluminum prices (RIO) have dented Chinese aluminum smelters’ profitability. Later in 2018, Chinese smelters decided on capacity curtailments. The situation is particularly bleak for smelters that don’t have captive alumina refineries. The alumina-to-aluminum ratio is elevated, which hurts standalone smelters’ earnings. While alumina has come off its highs and the alumina-to-aluminum ratio has come down, it’s still high compared to historical averages. Alumina prices might fall more in 2019, which could hurt integrated producers like Alcoa. Alcoa’s fiscal 2019 estimates appear to be on the higher side compared to other metal prices. Next, we’ll discuss how analysts are rating Alcoa before its fourth-quarter earnings release. Continue to Next Part Browse this series on Market Realist: * Part 1 - Alcoa: Could There Be a Surprise in Its Q4 Earnings? * Part 3 - Alcoa Stock: Analysts Might Be a Little Too Optimistic
Alcoa: Could There Be a Surprise in Its Q4 Earnings? ## Alcoa Alcoa (AA), the leading US-based aluminum producer (XME), is scheduled to release its fourth-quarter earnings on January 16 after the markets close. Overall, 2018 was a terrible year for metal and mining companies. Alcoa wasn’t an exception. As aluminum prices fell amid concerns about China’s slowdown, aluminum producers, including Alcoa and Century Aluminum (CENX), also fell sharply. ## Aluminum prices Aluminum prices were volatile last year. In April, prices rose to multiyear highs following the RUSAL sanctions. However, we saw a sharp sell-off in aluminum after the sanctions were relaxed. The RUSAL sanctions could be waived after the company restructured its board towards the end of 2018. Alumina held the baton for volatility last year. Alumina saw several wide price swings. From the RUSAL sanctions to the curtailment of Norsk Hydro’s Alunorte refinery, a series of disruptions hit alumina markets (AWC) (S32). ## Fourth-quarter earnings While 2018 was a somber year for Alcoa, the company managed to generate a surprise in its third-quarter earnings. Alcoa posted better-than-expected earnings and announced a $200 million share buyback during its earnings release. The move led to a sharp rally in Alcoa’s stock after its third-quarter earnings release. However, we saw weakness in Alcoa in the fourth quarter amid the broader market sell-off. In this series, we’ll see what analysts expect from Alcoa’s fourth-quarter earnings. We’ll also discuss how analysts view Alcoa ahead of its fourth-quarter earnings release. Continue to Next Part Browse this series on Market Realist: * Part 2 - Alcoa: 2019 Might Be the Real Test * Part 3 - Alcoa Stock: Analysts Might Be a Little Too Optimistic