Equities research analysts expect that Cameco Corp (NYSE:CCJ) (TSE:CCO) will post earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Cameco’s earnings. Cameco reported earnings of $0.36 per share in the same quarter last year, which would suggest a negative year over year growth rate of 47.2%. The business is scheduled to announce its next earnings results on Friday, February 8th.
According to Zacks, analysts expect that Cameco will report full year earnings of $0.20 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $0.24 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Cameco.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, November 2nd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. Cameco had a positive return on equity of 3.99% and a negative net margin of 2.65%. The company had revenue of $488.00 million for the quarter, compared to the consensus estimate of $576.92 million. During the same quarter in the prior year, the business posted ($0.13) earnings per share. Cameco’s revenue for the quarter was up .4% on a year-over-year basis.
A number of equities analysts have commented on CCJ shares. Rosenblatt Securities cut Cameco to a “hold” rating in a report on Monday, November 5th. Howard Weil raised Cameco from a “sector underperform” rating to a “sector perform” rating in a report on Friday, September 28th. Zacks Investment Research raised Cameco from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Royal Bank of Canada increased their target price on Cameco from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, November 5th. Finally, Bank of America raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.00.
Several institutional investors have recently made changes to their positions in the business. MML Investors Services LLC acquired a new stake in shares of Cameco in the third quarter valued at approximately $120,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Cameco in the third quarter valued at approximately $125,000. Natixis acquired a new stake in shares of Cameco in the second quarter valued at approximately $130,000. Banco de Sabadell S.A increased its holdings in shares of Cameco by 100.0% in the third quarter. Banco de Sabadell S.A now owns 10,000 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Ayalon Holdings Ltd. acquired a new stake in shares of Cameco in the third quarter valued at approximately $149,000. 48.45% of the stock is owned by institutional investors and hedge funds.
Shares of Cameco stock opened at $12.12 on Friday. Cameco has a 12 month low of $8.34 and a 12 month high of $12.78. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 101.00 and a beta of 0.91. The company has a quick ratio of 1.57, a current ratio of 2.14 and a debt-to-equity ratio of 0.21.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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