Centrus Energy Corp. (NYSE:LEU) Expected to Earn Q3 2024 Earnings of ($0.03) Per Share

Centrus Energy Corp. (NYSE:LEU) – Investment analysts at B. Riley cut their Q3 2024 earnings estimates for Centrus Energy in a research report issued on Thursday, August 8th. B. Riley analyst A. Rygiel now expects that the company will post earnings per share of ($0.03) for the quarter, down from their previous forecast of $0.70. 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 $1.47 EPS, FY2024 earnings at $2.96 EPS and FY2025 earnings at $3.16 EPS.

A number of other research firms have also weighed in on LEU. Roth Mkm lowered their price target on shares of Centrus Energy from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th.

Centrus Energy Stock Performance

LEU opened at $37.75 on Monday. The firm has a market capitalization of $591.92 million, a PE ratio of 8.38 and a beta of 1.33. Centrus Energy has a twelve month low of $33.51 and a twelve month high of $61.35. The firm’s 50-day moving average price is $42.69 and its 200 day moving average price is $43.51. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, August 6th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $1.12. The business had revenue of $189.00 million for the quarter, compared to analyst estimates of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%.

Hedge Funds Weigh In On Centrus Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in Centrus Energy in the 2nd quarter valued at about $43,000. nVerses Capital LLC raised its stake in shares of Centrus Energy by 133.3% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after acquiring an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Centrus Energy by 181.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after acquiring an additional 1,754 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Centrus Energy in the 1st quarter valued at approximately $216,000. Finally, Victory Capital Management Inc. raised its stake in shares of Centrus Energy by 26.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,557 shares of the company’s stock valued at $323,000 after acquiring an additional 1,600 shares during the period. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.