Wall Street brokerages expect that Cameco Corp (NYSE:CCJ) (TSE:CCO) will report earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Cameco’s earnings. Cameco posted earnings per share of $0.36 during the same quarter last year, which would indicate a negative year-over-year growth rate of 47.2%. The business is expected to announce its next earnings report on Friday, February 8th.

According to Zacks, analysts expect that Cameco will report full-year earnings of $0.20 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $0.24 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Cameco.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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. The business had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $576.92 million. Cameco had a negative net margin of 2.65% and a positive return on equity of 3.99%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company posted ($0.13) EPS.

Several equities research analysts have weighed in on CCJ shares. Zacks Investment Research upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Raymond James raised shares of Cameco from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 27th. BMO Capital Markets raised shares of Cameco from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Thursday, September 27th. Scotiabank raised shares of Cameco from an “underperform” rating to a “sector perform” rating in a research note on Friday, September 28th. Finally, Howard Weil raised shares of Cameco from a “sector underperform” rating to a “sector perform” rating in a research note on Friday, September 28th. One 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 currently has an average rating of “Hold” and a consensus target price of $15.00.

CCJ traded down $0.16 during midday trading on Friday, hitting $12.12. The company had a trading volume of 1,077,018 shares, compared to its average volume of 1,676,227. The company has a current ratio of 2.14, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $4.83 billion, a PE ratio of 101.00 and a beta of 0.91. Cameco has a twelve month low of $8.34 and a twelve month high of $12.78.

The business also recently disclosed an annual dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were issued a $0.0608 dividend. The ex-dividend date was Thursday, November 29th. This represents a dividend yield of 0.49%. Cameco’s dividend payout ratio is currently 50.00%.

Several institutional investors have recently made changes to their positions in CCJ. Vaughan Nelson Investment Management L.P. boosted its position in shares of Cameco by 19.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 7,548,919 shares of the basic materials company’s stock valued at $86,059,000 after acquiring an additional 1,221,880 shares during the period. Russell Investments Group Ltd. raised its stake in Cameco by 23.4% during the third quarter. Russell Investments Group Ltd. now owns 4,403,105 shares of the basic materials company’s stock worth $50,161,000 after acquiring an additional 835,328 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in Cameco by 23.5% during the third quarter. Jupiter Asset Management Ltd. now owns 2,650,913 shares of the basic materials company’s stock worth $30,194,000 after acquiring an additional 504,000 shares in the last quarter. Korea Investment CORP raised its stake in Cameco by 173.2% during the third quarter. Korea Investment CORP now owns 760,057 shares of the basic materials company’s stock worth $8,661,000 after acquiring an additional 481,900 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Cameco by 295.8% during the third quarter. JPMorgan Chase & Co. now owns 603,408 shares of the basic materials company’s stock worth $6,879,000 after acquiring an additional 450,970 shares in the last quarter. 48.45% of the stock is owned by institutional investors.

About Cameco

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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