Centrus Energy (NYSE:LEU) Announces Quarterly Earnings Results

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

Centrus Energy Stock Up 5.9%

Shares of LEU stock traded up $16.38 during mid-day trading on Friday, reaching $294.16. 1,900,480 shares of the company’s stock traded hands, compared to its average volume of 1,161,538. 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 company’s 50-day moving average price is $312.42 and its 200-day moving average price is $213.28. The company has a market cap of $5.36 billion, a P/E ratio of 66.70 and a beta of 1.56. Centrus Energy has a 12 month low of $49.40 and a 12 month high of $464.25.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LEU shares. Northland Securities set a $275.00 price objective on Centrus Energy in a research note on Thursday, August 7th. Bank of America reissued a “neutral” rating and set a $285.00 price objective (up previously from $210.00) on shares of Centrus Energy in a research note on Thursday, August 7th. Evercore ISI upped their price target on shares of Centrus Energy from $251.00 to $252.00 and gave the company an “outperform” rating in a report on Friday, August 8th. JPMorgan Chase & Co. dropped their price target on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday. Finally, UBS Group raised shares of Centrus Energy to a “hold” rating and set a $215.00 price objective for the company in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.60.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently modified their holdings of LEU. Comerica Bank grew its position in Centrus Energy by 589.5% during 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. Royal Bank of Canada raised its holdings 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 acquiring an additional 6,312 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Centrus Energy by 45.6% in 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 worth $3,379,000 after acquiring an additional 17,014 shares during the last quarter. Creative Planning bought a new position in Centrus Energy in the 2nd quarter valued at approximately $435,000. Finally, JPMorgan Chase & Co. boosted its stake in Centrus Energy by 12.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,497 shares of the company’s stock valued at $1,556,000 after purchasing an additional 917 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other 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.