Centrus Energy (NYSE:LEU) Shares Gap Down After Earnings Miss

Centrus Energy Corp. (NYSE:LEU) gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $93.88, but opened at $89.05. Centrus Energy shares last traded at $88.00, with a volume of 348,004 shares changing hands.

The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The company had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%.

Wall Street Analyst Weigh In

LEU has been the topic of several research reports. StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Roth Mkm lowered Centrus Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $62.00 in a report on Thursday, October 10th. Finally, Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Centrus Energy currently has a consensus rating of “Hold” and an average target price of $67.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LEU. SeaCrest Wealth Management LLC purchased a new position in Centrus Energy during the first quarter worth approximately $216,000. Private Advisor Group LLC grew its stake in shares of Centrus Energy by 43.6% in the 1st 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 period. BNP Paribas Financial Markets boosted its position in shares of Centrus Energy by 207.3% during the 1st quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock worth $419,000 after purchasing an additional 6,807 shares during the period. Heartland Advisors Inc. purchased a new stake in Centrus Energy during the first quarter worth about $2,076,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Centrus Energy by 2.8% during the first quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock worth $1,185,000 after purchasing an additional 766 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Trading Up 0.9 %

The company has a debt-to-equity ratio of 1.47, a current ratio of 1.52 and a quick ratio of 1.02. The firm has a market cap of $1.54 billion, a PE ratio of 15.69 and a beta of 1.32. The company’s 50 day moving average price is $54.87 and its 200 day moving average price is $47.31.

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.