FY2024 EPS Estimates for Centrus Energy Lowered by Analyst

Centrus Energy Corp. (NYSE:LEU) – Investment analysts at B. Riley dropped their FY2024 EPS estimates for shares of Centrus Energy in a report released on Wednesday, October 30th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings per share of $2.88 for the year, down from their previous estimate of $2.96. B. Riley has a “Buy” rating and a $126.00 price objective on the stock. The consensus estimate for Centrus Energy’s current full-year earnings is $3.06 per share. B. Riley also issued estimates for Centrus Energy’s Q4 2024 earnings at $1.66 EPS and FY2025 earnings at $2.89 EPS.

A number of other research analysts also recently weighed in on the company. Roth Mkm cut their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com upgraded Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. Finally, Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Up 0.3 %

Shares of NYSE LEU opened at $103.60 on Thursday. The company’s 50 day simple moving average is $58.76 and its 200 day simple moving average is $48.50. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.52 and a quick ratio of 1.02. Centrus Energy has a fifty-two week low of $33.51 and a fifty-two week high of $108.73. The firm has a market capitalization of $1.69 billion, a P/E ratio of 21.63 and a beta of 1.32.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%. The firm had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million.

Hedge Funds Weigh In On Centrus Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Centrus Energy in the third quarter valued at about $281,000. The Manufacturers Life Insurance Company acquired a new stake in Centrus Energy in the 2nd quarter valued at approximately $233,000. Vontobel Holding Ltd. lifted its stake in Centrus Energy by 17.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock valued at $303,000 after acquiring an additional 815 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Centrus Energy by 53.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after acquiring an additional 51,836 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Centrus Energy by 81.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 18,174 shares of the company’s stock worth $997,000 after acquiring an additional 8,177 shares in the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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.