--- title: "Century Aluminum (NASDAQ:CENX) Posts Earnings Results, Beats Estimates By $0.13 EPS" type: "News" locale: "en" url: "https://longbridge.com/en/news/295306402.md" description: "Century Aluminum (NASDAQ:CENX) reported Q2 EPS of $2.46, beating estimates by $0.13, with revenue of $752.1 million, down from expectations but up 59% year-over-year. Net margin stood at 22.63%. The company highlighted strong operational performance, including full capacity utilization and increased shipments. Despite positive earnings, several analysts downgraded the stock or lowered price targets, citing mixed sentiment, while institutional investors adjusted their holdings in the fourth quarter." datetime: "2026-08-08T18:11:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295306402.md) - [en](https://longbridge.com/en/news/295306402.md) - [zh-HK](https://longbridge.com/zh-HK/news/295306402.md) generator: "portal-rs" --- # Century Aluminum (NASDAQ:CENX) Posts Earnings Results, Beats Estimates By $0.13 EPS Century Aluminum (NASDAQ:CENX - Get Free Report) announced its earnings results on Thursday. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.13, FiscalAI reports. The company had revenue of $752.10 million during the quarter, compared to analysts' expectations of $817.15 million. Century Aluminum had a net margin of 22.63% and a return on equity of 38.74%. The company's revenue was up 59.0% on a year-over-year basis. - Forging Profits: The Executive Order Sparking Aluminum Here are the key takeaways from Century Aluminum's conference call: - **Positive Sentiment:** Century completed the Mount Holly expansion and restarted Grundartangi Line 2, bringing all major assets to full or near-full capacity. Mount Holly’s full production benefit will begin appearing in Q3, although post-restart instability is expected to weigh modestly on that quarter. - **Positive Sentiment:** Q2 shipments rose 6% sequentially to approximately 131,000 tons, while adjusted EBITDA increased to **$327 million** on stronger aluminum prices, regional premiums, and higher volumes. Management expects Q3 adjusted EBITDA of $325 million–$345 million. - **Positive Sentiment:** The balance sheet strengthened materially, with $388 million of quarter-end cash, $66 million of debt repayment, no revolver borrowings, and cash exceeding total debt by the end of July. Lower growth capital spending and expected working-capital recovery should support stronger second-half cash conversion. - **Positive Sentiment:** Management highlighted a favorable aluminum market, citing an expected global deficit of roughly one million tons in 2026, continued deficits in 2027, and historically low inventories. The company also expects Jamalco’s new turbine to reduce energy costs by roughly $20 per ton and provide greater power reliability. - **Neutral Sentiment:** Century continues targeting a final investment decision and groundbreaking for its Oklahoma smelter by year-end 2026, with first hot metal expected by late 2029. The project has potential support from a $500 million DOE grant, financing discussions, the Hawesville stake, and a new tariff incentive, but final energy contracts, engineering, financing, and community concerns remain execution milestones. Get **Century Aluminum** alerts: ## Century Aluminum Stock Up 11.5% Shares of CENX stock traded up $5.28 on Friday, hitting $51.23. The stock had a trading volume of 3,739,269 shares, compared to its average volume of 1,841,968. The stock's 50 day moving average is $49.67 and its 200-day moving average is $53.89. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 8.85 and a beta of 1.96. Century Aluminum has a 52-week low of $20.91 and a 52-week high of $70.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.30. ## Analyst Ratings Changes - 2 Aluminum Stocks Poised for Big Tariff-Related Gains Several research firms have commented on CENX. Weiss Ratings cut Century Aluminum from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 21st. Wall Street Zen lowered Century Aluminum from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. B. Riley Financial cut their price objective on Century Aluminum from $86.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Zacks Research downgraded shares of Century Aluminum from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company lifted their price target on shares of Century Aluminum from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $76.00. **Get Our Latest Stock Report on CENX** ## Hedge Funds Weigh In On Century Aluminum - Smelting Hot: The Mideast Conflict Sparks an Aluminum Squeeze A number of institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in Century Aluminum in the fourth quarter valued at about $164,000. ANB Bank purchased a new stake in Century Aluminum during the 4th quarter worth approximately $243,000. Systematic Alpha Investments LLC purchased a new stake in Century Aluminum during the 4th quarter worth approximately $243,000. Meeder Asset Management Inc. acquired a new position in shares of Century Aluminum in the 4th quarter valued at approximately $176,000. Finally, Vise Technologies Inc. purchased a new position in shares of Century Aluminum during the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 61.59% of the company's stock. ## Century Aluminum Company Profile (Get Free Report) Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management. The company's core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland. ## Featured Stories - Five stocks we like better than Century Aluminum - Quantum Earnings Week: Winners and Losers Are Finally Emerging - Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth - Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside - AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Century Aluminum Right Now? Before you consider Century Aluminum, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Century Aluminum wasn't on the list. While Century Aluminum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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