FY2024 EPS Estimates for Centrus Energy Reduced by Analyst

Centrus Energy Corp. (NYSE:LEU - Free Report) - Investment analysts at Roth Capital cut their FY2024 earnings per share estimates for Centrus Energy in a research note issued on Tuesday, November 19th. Roth Capital analyst J. Reagor now anticipates that the company will earn $1.67 per share for the year, down from their previous estimate of $1.92. Roth Capital has a "Hold" rating on the stock. The consensus estimate for Centrus Energy's current full-year earnings is $2.40 per share.

A number of other brokerages have also issued reports on LEU. Roth Mkm dropped their target price on Centrus Energy from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded Centrus Energy to a "sell" rating in a report on Wednesday, August 7th. Finally, B. Riley increased their target price on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $92.00.

Centrus Energy Stock Up 10.6 %

Centrus Energy stock traded up $7.24 during midday trading on Wednesday, hitting $75.74. 831,189 shares of the stock were exchanged, compared to its average volume of 463,411. Centrus Energy has a 1 year low of $33.51 and a 1 year high of $118.36. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The firm has a market cap of $1.24 billion, a P/E ratio of 15.32 and a beta of 1.19. The company has a 50 day moving average price of $70.66 and a two-hundred day moving average price of $52.39.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.48). The company had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in Centrus Energy during the second quarter worth $42,000. Wolff Wiese Magana LLC acquired a new position in Centrus Energy during the 2nd quarter valued at about $43,000. nVerses Capital LLC grew its holdings in Centrus Energy by 133.3% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company's stock worth $60,000 after buying an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Centrus Energy by 181.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company's stock worth $115,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Heritage Investors Management Corp acquired a new position in Centrus Energy during the 3rd quarter valued at about $203,000. Institutional investors own 49.96% of the company's stock.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.