Cameco Co. (NYSE:CCJ) Expected to Announce Earnings of -$0.07 Per Share


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Analysts expect that Cameco Co. (NYSE:CCJ) (TSE:CCO) will announce earnings of ($0.07) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Cameco’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.04). Cameco reported earnings of $0.05 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 240%. The company is expected to issue its next quarterly earnings report before the market opens on Friday, May 7th.

According to Zacks, analysts expect that Cameco will report full year earnings of ($0.04) per share for the current fiscal year, with EPS estimates ranging from ($0.09) to $0.02. For the next fiscal year, analysts forecast that the business will report earnings of $0.38 per share, with EPS estimates ranging from $0.10 to $0.65. Zacks’ EPS averages are an average based on a survey of research firms that follow Cameco.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Tuesday, February 9th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.17. Cameco had a negative return on equity of 0.34% and a negative net margin of 0.09%. The business had revenue of $550.00 million during the quarter, compared to analyst estimates of $395.88 million. During the same period last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was down 36.9% on a year-over-year basis.

A number of research firms have recently commented on CCJ. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “buy” rating in a research report on Monday, April 12th. Zacks Investment Research lowered Cameco from a “buy” rating to a “hold” rating in a report on Tuesday, April 13th. BMO Capital Markets lifted their price objective on Cameco from $18.50 to $23.00 and gave the company an “outperform” rating in a report on Friday, February 12th. Raymond James boosted their price target on Cameco from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 15th. Finally, Scotiabank boosted their price target on Cameco from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, April 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.83.

Shares of NYSE CCJ traded down $0.32 during mid-day trading on Tuesday, hitting $18.18. The company had a trading volume of 4,730,647 shares, compared to its average volume of 6,072,542. Cameco has a 1-year low of $9.01 and a 1-year high of $19.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.78 and a quick ratio of 3.00. The company has a market capitalization of $7.22 billion, a PE ratio of -1,818,000.00 and a beta of 0.97. The business’s 50-day simple moving average is $17.03 and its 200 day simple moving average is $13.81.

Institutional investors and hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. raised its holdings in Cameco by 700.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,195,785 shares of the basic materials company’s stock valued at $16,024,000 after acquiring an additional 1,046,425 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cameco by 13.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 141,176 shares of the basic materials company’s stock valued at $1,889,000 after acquiring an additional 16,189 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Cameco by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,145,790 shares of the basic materials company’s stock valued at $269,953,000 after acquiring an additional 149,500 shares during the last quarter. Tatro Capital LLC acquired a new position in Cameco in the 4th quarter valued at $203,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Cameco by 2.9% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 395,826 shares of the basic materials company’s stock valued at $5,304,000 after acquiring an additional 11,243 shares during the last quarter. Institutional investors own 60.24% of the company’s stock.

Cameco Company Profile

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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Earnings History and Estimates for Cameco (NYSE:CCJ)

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