Cameco (CCO) Set to Announce Quarterly Earnings on Tuesday

Cameco (TSE:CCO) (NYSE:CCJ) will be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of C$0.45 per share for the quarter.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.07). Cameco had a return on equity of 6.05% and a net margin of 13.94%. The business had revenue of C$844.00 million during the quarter.

Cameco Stock Performance

Shares of CCO stock opened at C$67.38 on Monday. Cameco has a one year low of C$35.11 and a one year high of C$72.37. The company’s 50-day moving average is C$60.38 and its 200 day moving average is C$59.70. The company has a market capitalization of C$29.26 billion, a price-to-earnings ratio of 81.18, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55.

Analyst Ratings Changes

Several analysts recently commented on the stock. Scotiabank increased their price objective on shares of Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Eight Capital increased their price objective on shares of Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Bank of America increased their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. TD Securities cut their price objective on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research report on Monday, February 12th. Finally, Raymond James increased their price objective on shares of Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$73.33.

Insider Buying and Selling at Cameco

In other news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$66.85, for a total value of C$1,440,350.10. In other news, Senior Officer Jonathan Huntington sold 12,333 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total value of C$675,478.41. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. In the last 90 days, insiders have sold 98,694 shares of company stock worth $6,095,228. Company insiders own 0.15% of the company’s stock.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.