Centrus Energy (NYSE:LEU) Issues Quarterly Earnings Results, Beats Estimates By $1.03 EPS

Centrus Energy (NYSE:LEU) issued its quarterly earnings results on Wednesday. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $1.03, FiscalAI reports. The firm had revenue of $176.10 million for the quarter. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 earnings per share.

Centrus Energy Price Performance

NYSE LEU traded down $6.34 during mid-day trading on Thursday, hitting $181.28. The stock had a trading volume of 454,274 shares, compared to its average volume of 965,493. The firm’s 50 day moving average is $170.90 and its 200 day moving average is $199.50. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 60.01, a PEG ratio of 25.03 and a beta of 1.36. Centrus Energy has a twelve month low of $142.13 and a twelve month high of $464.25.

Insider Buying and Selling

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in Centrus Energy by 11.0% during the 4th quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock worth $88,000 after acquiring an additional 36 shares during the period. Prospera Financial Services Inc raised its holdings in shares of Centrus Energy by 3.1% during the fourth quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock worth $325,000 after acquiring an additional 40 shares in the last quarter. IFP Advisors Inc grew its stake in Centrus Energy by 38.3% in the third quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after purchasing an additional 41 shares in the last quarter. Lido Advisors LLC increased its position in Centrus Energy by 4.2% in the 3rd quarter. Lido Advisors LLC now owns 1,138 shares of the company’s stock worth $353,000 after purchasing an additional 46 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Centrus Energy by 30.5% during the 4th quarter. Allworth Financial LP now owns 312 shares of the company’s stock valued at $76,000 after buying an additional 73 shares during the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LEU has been the subject of several recent research reports. Needham & Company LLC initiated coverage on shares of Centrus Energy in a report on Thursday, July 9th. They issued a “buy” rating and a $264.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday. UBS Group reduced their price objective on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Roth Capital set a $171.00 target price on Centrus Energy in a research report on Monday, July 27th. Finally, Citigroup decreased their price objective on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.75.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.