Centrus Energy (NYSE:LEU) Issues Quarterly Earnings Results

Centrus Energy (NYSE:LEU) posted its earnings results on Wednesday. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.33), FiscalAI reports. The business had revenue of $55.50 million for the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The company’s quarterly revenue was down 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS.

Centrus Energy Trading Down 3.5%

Shares of Centrus Energy stock traded down $3.23 during mid-day trading on Thursday, hitting $89.35. 585,996 shares of the stock were exchanged, compared to its average volume of 902,604. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 9.17 and a beta of 1.40. Centrus Energy has a twelve month low of $84.86 and a twelve month high of $345.60. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The company has a 50-day simple moving average of $139.83 and a 200 day simple moving average of $183.34.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently modified their holdings of LEU. Goehring & Rozencwajg Associates LLC raised its stake in Centrus Energy by 18.1% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 202,058 shares of the company’s stock worth $35,075,000 after purchasing an additional 30,944 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Centrus Energy by 217.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock valued at $27,868,000 after purchasing an additional 109,960 shares during the last quarter. Granahan Investment Management LLC grew its stake in shares of Centrus Energy by 19.2% during the 1st quarter. Granahan Investment Management LLC now owns 89,690 shares of the company’s stock valued at $15,569,000 after buying an additional 14,455 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Centrus Energy during the 3rd quarter valued at $6,744,000. Finally, Atlas Wealth LLC acquired a new stake in shares of Centrus Energy during the 1st quarter worth $4,376,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

LEU has been the topic of several research reports. Weiss Ratings upgraded shares of Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. TD Cowen started coverage on Centrus Energy in a research report on Monday, October 26th. They set a “hold” rating and a $120.00 price objective for the company. UBS Group reduced their target price on Centrus Energy from $185.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a research note on Wednesday, October 21st. Finally, Barclays lowered their target price on Centrus Energy from $207.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $193.12.

Centrus Energy Company Profile

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.