Centrus Energy (NYSE:LEU) Posts Earnings Results, Misses Estimates By $0.17 EPS

Centrus Energy (NYSE:LEU) posted its quarterly earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17), Briefing.com reports. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.30) earnings per share.

Centrus Energy Stock Performance

LEU stock traded up $16.38 during midday trading on Friday, hitting $294.16. 1,900,480 shares of the company traded hands, compared to its average volume of 1,161,538. Centrus Energy has a twelve month low of $49.40 and a twelve month high of $464.25. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 66.70 and a beta of 1.56. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The business has a 50 day simple moving average of $312.42 and a 200-day simple moving average of $213.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LEU shares. Stifel Nicolaus started coverage on shares of Centrus Energy in a research report on Friday, July 11th. They issued a “buy” rating and a $220.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday. HC Wainwright restated a “buy” rating and issued a $300.00 target price on shares of Centrus Energy in a research note on Tuesday, August 26th. Evercore ISI raised their price target on Centrus Energy from $251.00 to $252.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, UBS Group raised Centrus Energy to a “hold” rating and set a $215.00 price target for the company in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $224.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Centrus Energy by 3,325.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 59,944 shares of the company’s stock worth $10,981,000 after acquiring an additional 58,194 shares during the last quarter. Invesco Ltd. boosted its stake in Centrus Energy by 109.1% during the 2nd quarter. Invesco Ltd. now owns 42,647 shares of the company’s stock valued at $7,812,000 after purchasing an additional 22,247 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Centrus Energy by 45.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company’s stock valued at $3,379,000 after purchasing an additional 17,014 shares during the period. Brevan Howard Capital Management LP acquired a new stake in Centrus Energy in the 2nd quarter valued at approximately $1,278,000. Finally, Royal Bank of Canada increased its position in Centrus Energy by 57.6% in the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company’s stock worth $1,074,000 after buying an additional 6,312 shares during the period. 49.96% of the stock is currently owned by institutional investors and hedge funds.

About Centrus Energy

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.