Centrus Energy (NYSE:LEU) Announces Quarterly Earnings Results, Misses Estimates By $0.63 EPS

Centrus Energy (NYSE:LEU) issued its quarterly earnings results on Tuesday. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63), Zacks reports. Centrus Energy had a return on equity of 37.14% and a net margin of 25.04%.

Centrus Energy Price Performance

Shares of LEU traded down $11.24 during mid-day trading on Tuesday, hitting $265.00. 848,793 shares of the stock were exchanged, compared to its average volume of 1,335,911. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46. The company has a market cap of $4.83 billion, a PE ratio of 40.27 and a beta of 1.21. Centrus Energy has a 52-week low of $49.40 and a 52-week high of $464.25. The firm has a 50-day moving average of $276.89 and a two-hundred day moving average of $274.09.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc increased its holdings in shares of Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock worth $46,000 after buying an additional 41 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in Centrus Energy in the third quarter worth about $520,000. Danske Bank A S bought a new stake in Centrus Energy during the third quarter worth approximately $62,000. Advisory Services Network LLC purchased a new stake in Centrus Energy during the third quarter valued at approximately $162,000. Finally, Fulcrum Asset Management LLP purchased a new stake in Centrus Energy during the third quarter valued at approximately $34,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on LEU. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Needham & Company LLC restated a “buy” rating and issued a $357.00 price target on shares of Centrus Energy in a research note on Monday, December 22nd. Northland Securities set a $325.00 price objective on shares of Centrus Energy in a report on Wednesday, January 7th. UBS Group set a $245.00 price objective on shares of Centrus Energy in a research report on Tuesday, November 25th. Finally, Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $253.08.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.