Brokers Set Expectations for Centrus Energy FY2024 Earnings

Centrus Energy Corp. (NYSE:LEU) – Stock analysts at Roth Capital lowered their FY2024 earnings per share estimates for Centrus Energy in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of $1.92 for the year, down from their previous 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.

LEU has been the topic of several other reports. Roth Mkm cut their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday. B. Riley raised their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, StockNews.com raised Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Up 5.4 %

NYSE:LEU opened at $109.39 on Friday. The business’s 50-day moving average is $60.15 and its two-hundred day moving average is $48.97. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.02. Centrus Energy has a 12 month low of $33.51 and a 12 month high of $118.36. The firm has a market capitalization of $1.78 billion, a PE ratio of 22.84 and a beta of 1.32.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LEU. SeaCrest Wealth Management LLC bought a new stake in Centrus Energy in the first quarter valued at about $216,000. Private Advisor Group LLC increased its holdings in Centrus Energy by 43.6% in the first quarter. Private Advisor Group LLC now owns 8,314 shares of the company’s stock valued at $345,000 after buying an additional 2,523 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Centrus Energy by 207.3% in the first quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock valued at $419,000 after buying an additional 6,807 shares during the last quarter. Heartland Advisors Inc. bought a new stake in Centrus Energy in the first quarter valued at about $2,076,000. Finally, Russell Investments Group Ltd. increased its holdings in Centrus Energy by 2.8% in the first quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock valued at $1,185,000 after buying an additional 766 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.