FY2024 EPS Estimates for Centrus Energy Cut by Roth Capital

Centrus Energy Corp. (NYSE:LEU - Free Report) - Roth Capital cut their FY2024 earnings per share estimates for shares of Centrus Energy in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst J. Reagor now expects that the company will post earnings of $1.92 per share for the year, down from their previous forecast of $3.16. Roth Capital currently has a "Hold" rating on the stock. The consensus estimate for Centrus Energy's current full-year earnings is $3.02 per share. Roth Capital also issued estimates for Centrus Energy's Q4 2024 earnings at $0.71 EPS, Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $1.37 EPS and FY2025 earnings at $2.76 EPS.

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

Several other brokerages also recently commented on LEU. StockNews.com upgraded Centrus Energy to a "sell" rating in a research note on Wednesday, August 7th. Roth Mkm reduced their target price on Centrus Energy from $62.00 to $58.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, B. Riley lifted their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $92.00.

Centrus Energy Stock Performance

Shares of NYSE LEU traded up $5.72 during midday trading on Friday, hitting $109.53. 1,310,256 shares of the company's stock were exchanged, compared to its average volume of 352,961. The company has a quick ratio of 1.02, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. Centrus Energy has a 12 month low of $33.51 and a 12 month high of $118.36. The company's 50 day moving average price is $58.76 and its 200 day moving average price is $48.50. The firm has a market capitalization of $1.78 billion, a PE ratio of 23.15 and a beta of 1.32.

Institutional Trading of Centrus Energy

Several institutional investors have recently added to or reduced their stakes in the company. Evermay Wealth Management LLC boosted its stake in Centrus Energy by 3.5% in the 3rd quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company's stock valued at $284,000 after purchasing an additional 175 shares during the period. Old West Investment Management LLC grew its holdings in shares of Centrus Energy by 3.3% during the 2nd quarter. Old West Investment Management LLC now owns 9,889 shares of the company's stock worth $423,000 after purchasing an additional 316 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Centrus Energy by 10.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company's stock worth $244,000 after purchasing an additional 525 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Centrus Energy by 2.8% during the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company's stock worth $1,185,000 after purchasing an additional 766 shares in the last quarter. Finally, nVerses Capital LLC grew its holdings in shares of Centrus Energy by 133.3% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company's stock worth $60,000 after purchasing an additional 800 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

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.