Centrus Energy (NYSE:LEU) Posts Earnings Results

Centrus Energy (NYSE:LEU) issued its quarterly earnings data on Wednesday. The company reported ($0.46) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $55.50 million for the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.

Centrus Energy Price Performance

Shares of LEU stock traded down $3.24 during trading on Wednesday, hitting $92.43. The company had a trading volume of 1,002,044 shares, compared to its average volume of 904,822. Centrus Energy has a 52 week low of $88.00 and a 52 week high of $345.60. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 42.01, a price-to-earnings-growth ratio of 9.09 and a beta of 1.40. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The stock’s 50-day moving average is $141.85 and its two-hundred day moving average is $184.41.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd bought a new stake in Centrus Energy in the 2nd quarter worth $1,356,000. Arlington Capital Management Inc. purchased a new stake in Centrus Energy in the 1st quarter worth approximately $3,115,000. Engineers Gate Manager LP lifted its holdings in Centrus Energy by 261.4% in the 2nd quarter. Engineers Gate Manager LP now owns 4,756 shares of the company’s stock worth $798,000 after buying an additional 3,440 shares during the period. California State Teachers Retirement System grew its position in shares of Centrus Energy by 24.3% in the 1st quarter. California State Teachers Retirement System now owns 19,606 shares of the company’s stock worth $3,403,000 after buying an additional 3,837 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Centrus Energy by 217.4% in the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after buying an additional 109,960 shares during the last quarter. Institutional investors own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

LEU has been the subject of a number of recent analyst reports. Weiss Ratings raised Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Jefferies Financial Group assumed coverage on shares of Centrus Energy in a research report on Thursday, September 3rd. They issued a “hold” rating and a $169.00 price objective for the company. Bank of America cut their price objective on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. HC Wainwright reaffirmed a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a research note on Wednesday, October 21st. Finally, Roth Capital set a $115.00 target price on shares of Centrus Energy in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $193.12.

Centrus Energy Company Profile

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.