Centrus Energy (NYSE:LEU) Issues Quarterly Earnings Results

Centrus Energy (NYSE:LEU) announced its earnings results on Tuesday. The company reported $0.79 earnings per share 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

LEU traded down $11.24 on Tuesday, hitting $265.00. 835,363 shares of the company’s stock traded hands, compared to its average volume of 1,335,721. The company’s 50 day simple moving average is $276.89 and its 200-day simple moving average is $274.09. The company has a current ratio of 3.46, a quick ratio of 2.79 and a debt-to-equity ratio of 3.23. Centrus Energy has a one year low of $49.40 and a one year high of $464.25. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 40.27 and a beta of 1.21.

Analyst Ratings Changes

Several research analysts recently weighed in on LEU shares. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. dropped their target price on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. William Blair reaffirmed an “outperform” rating on shares of Centrus Energy in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Centrus Energy in a report on Monday, December 29th. Finally, Northland Securities set a $325.00 target price on shares of Centrus Energy in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Centrus Energy currently has an average rating of “Moderate Buy” and a consensus price target of $253.08.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors have recently bought and sold shares of LEU. Fulcrum Asset Management LLP bought a new position in shares of Centrus Energy during the 3rd quarter valued at about $34,000. Comerica Bank increased its position in Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company’s stock worth $41,000 after purchasing an additional 560 shares during the last quarter. IFP Advisors Inc lifted its position in Centrus Energy by 38.3% during the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after purchasing an additional 41 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Centrus Energy during the 3rd quarter valued at about $62,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Centrus Energy in the third quarter worth about $78,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Company Profile

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.