Noranda Aluminum Holding (NOR) set to announce quarterly earnings on Monday

Noranda Aluminum Holding last announced its earnings results on Monday, August 11th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.02. The company had revenue of $345.00 million for the quarter, compared to the consensus estimate of $341.57 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts expect Noranda Aluminum Holding to post $-0.31 EPS for the current fiscal year and $0.38 EPS for the next fiscal year.
Noranda Aluminum Holding opened at 3.83 on Thursday. Noranda Aluminum Holding has a one year low of $2.30 and a one year high of $5.64. The stock has a 50-day moving average of $4.33 and a 200-day moving average of $3.9. The company’s market cap is $263.7 million.
NOR has been the subject of a number of recent research reports. Analysts at Goldman Sachs upgraded shares of Noranda Aluminum Holding from a “neutral” rating to a “buy” rating in a research note on Friday, September 12th. They now have a $7.00 price target on the stock, up previously from $4.24. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Noranda Aluminum Holding in a research note on Tuesday, August 12th. They now have a $4.60 price target on the stock, up previously from $4.50.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
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