Centrus Energy (NYSE:LEU) Releases Earnings Results, Misses Expectations By $0.63 EPS

Centrus Energy (NYSE:LEU) posted its quarterly earnings data on Tuesday. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.63), Zacks reports. Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.

Centrus Energy Price Performance

Shares of NYSE:LEU traded down $11.24 on Tuesday, hitting $265.00. The stock had a trading volume of 835,363 shares, compared to its average volume of 1,335,721. The firm’s 50 day moving average price is $276.89 and its 200-day moving average price is $274.09. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46. Centrus Energy has a twelve month low of $49.40 and a twelve month high of $464.25. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 40.27 and a beta of 1.21.

Institutional Trading of Centrus Energy

Several hedge funds have recently modified their holdings of the company. Fulcrum Asset Management LLP acquired a new position in shares of Centrus Energy in the 3rd quarter worth approximately $34,000. Comerica Bank raised its position in Centrus Energy by 589.5% in the 1st quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after purchasing an additional 560 shares during the last quarter. IFP Advisors Inc boosted its stake in Centrus Energy by 38.3% in the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after purchasing an additional 41 shares in the last quarter. Danske Bank A S bought a new stake in shares of Centrus Energy during the third quarter worth $62,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Centrus Energy in the third quarter valued at $78,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LEU. UBS Group set a $245.00 price objective on Centrus Energy in a research note on Tuesday, November 25th. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research report on Tuesday, January 6th. B. Riley Financial upped their price target on Centrus Energy from $221.00 to $315.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Roth Mkm raised their price objective on shares of Centrus Energy from $117.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, Evercore reiterated an “outperform” rating and set a $390.00 target price on shares of Centrus Energy in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Centrus Energy currently has a consensus rating of “Moderate Buy” and an average price target of $253.08.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.