Centrus Energy (NYSE:LEU) Announces Earnings Results

Centrus Energy (NYSE:LEU) announced its quarterly earnings data on Monday. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48), Zacks reports. The business 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 299.92% and a net margin of 22.96%.

Centrus Energy Stock Down 1.9 %

Shares of NYSE:LEU traded down $2.04 during trading on Wednesday, reaching $102.91. 1,008,693 shares of the stock traded hands, compared to its average volume of 346,047. The stock has a 50-day moving average of $56.17 and a two-hundred day moving average of $47.73. Centrus Energy has a 52-week low of $33.51 and a 52-week high of $108.73. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.52. The stock has a market cap of $1.68 billion, a P/E ratio of 21.26 and a beta of 1.32.

Wall Street Analyst Weigh In

LEU has been the topic of a number of recent research reports. B. Riley upped their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Roth Mkm cut their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. One 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.00.

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.