Centrus Energy FY2024 EPS Estimate Decreased by Roth Capital

Centrus Energy Corp. (NYSE:LEU) – Research analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for shares of Centrus Energy in a note issued to investors on Wednesday, October 30th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $1.92 per share for the year, down from their prior forecast of $3.16. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for Centrus Energy’s current full-year earnings is $3.02 per share. Roth Capital also issued estimates for Centrus Energy’s Q4 2024 earnings at $0.71 EPS, Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $1.37 EPS and FY2025 earnings at $2.76 EPS.

Centrus Energy (NYSE:LEU) last announced its earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The business had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%.

A number of other brokerages have also recently commented on LEU. B. Riley upped their price target on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Finally, Roth Mkm reduced their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Trading Up 0.3 %

NYSE:LEU opened at $103.60 on Friday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 21.56 and a beta of 1.32. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.02. The business has a fifty day moving average price of $58.76 and a 200-day moving average price of $48.50. Centrus Energy has a one year low of $33.51 and a one year high of $108.73.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently added to or reduced their stakes in LEU. Point72 DIFC Ltd bought a new position in shares of Centrus Energy during the second quarter worth $42,000. Wolff Wiese Magana LLC bought a new position in shares of Centrus Energy during the 2nd quarter valued at about $43,000. nVerses Capital LLC grew its position in shares of Centrus Energy by 133.3% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after purchasing an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Centrus Energy by 181.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Heritage Investors Management Corp purchased a new stake in shares of Centrus Energy in the third quarter worth about $203,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

About Centrus Energy

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.