Cameco (CCJ) Issues Quarterly Earnings Results, Beats Estimates By $0.17 EPS
Cameco (NYSE:CCJ) (TSE:CCO) issued its quarterly earnings results on Friday. The basic materials company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.29 by $0.17, Briefing.com reports. The company had revenue of $809.00 million for the quarter, compared to the consensus estimate of $780.91 million. Cameco had a negative net margin of 13.04% and a negative return on equity of 0.69%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS.
Cameco (NYSE:CCJ) opened at $8.53 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.40 and a quick ratio of 2.16. The company has a market cap of $3,534.43, a PE ratio of -15.23, a price-to-earnings-growth ratio of 8.26 and a beta of 1.21. Cameco has a one year low of $7.68 and a one year high of $12.37.
A number of hedge funds have recently modified their holdings of CCJ. Principal Financial Group Inc. bought a new position in Cameco in the 2nd quarter worth about $182,000. Alliancebernstein L.P. grew its stake in Cameco by 21.0% in the 2nd quarter. Alliancebernstein L.P. now owns 59,974 shares of the basic materials company’s stock worth $546,000 after acquiring an additional 10,397 shares in the last quarter. Vanguard Group Inc. grew its stake in Cameco by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 9,352,660 shares of the basic materials company’s stock worth $85,108,000 after acquiring an additional 371,126 shares in the last quarter. FMR LLC grew its stake in Cameco by 13.2% in the 2nd quarter. FMR LLC now owns 307,902 shares of the basic materials company’s stock worth $2,804,000 after acquiring an additional 35,902 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Cameco by 15.5% in the 2nd quarter. Stifel Financial Corp now owns 60,526 shares of the basic materials company’s stock worth $547,000 after acquiring an additional 8,131 shares in the last quarter. Institutional investors and hedge funds own 50.78% of the company’s stock.
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Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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