Noranda Aluminum Holding Corp. to release quarterly earnings on Wednesday

Noranda Aluminum Holding Corp. will issue its quarterly earnings data on Wednesday, April 23rd. Parties interested in listening to the company’s conference call can do so using this link.

Noranda Aluminum Holding Corp. last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.19) by $0.31. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $296.14 million. On average, analysts expect Noranda Aluminum Holding Corp. to post $-0.51 EPS for the current fiscal year and $0.15 EPS for the next fiscal year.

Shares of Noranda Aluminum Holding Corp. opened at 4.21 on Tuesday. Noranda Aluminum Holding Corp. has a 52 week low of $2.21 and a 52 week high of $5.08. The stock has a 50-day moving average of $4.34 and a 200-day moving average of $3.33. The company’s market cap is $286.8 million. Noranda Aluminum Holding Corp. also was the target of a large drop in short interest in January. As of March 31st, there was short interest totalling 1,154,419 shares, a drop of 38.5% from the March 14th total of 1,876,653 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 1,036,880 shares, the days-to-cover ratio is presently 1.1 days.

On the ratings front, analysts at TheStreet downgraded shares of Noranda Aluminum Holding Corp. from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.29.

Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.