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

Centrus Energy (NYSE:LEU) released its quarterly earnings results on Wednesday. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03, FiscalAI reports. The firm had revenue of $176.10 million during the quarter. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. Centrus Energy’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.59 earnings per share.

Centrus Energy Stock Down 0.8%

Shares of LEU stock traded down $1.50 during mid-day trading on Wednesday, hitting $187.74. The stock had a trading volume of 578,284 shares, compared to its average volume of 969,100. Centrus Energy has a 12-month low of $142.13 and a 12-month high of $464.25. 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 firm’s 50-day moving average is $170.90 and its two-hundred day moving average is $199.50. The firm has a market capitalization of $3.69 billion, a P/E ratio of 62.17, a price-to-earnings-growth ratio of 24.26 and a beta of 1.36.

Insider Activity at Centrus Energy

In related news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Centrus Energy

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Centrus Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 1,086,443 shares of the company’s stock valued at $263,745,000 after buying an additional 14,325 shares during the period. Van ECK Associates Corp lifted its holdings in Centrus Energy by 14.7% during the fourth quarter. Van ECK Associates Corp now owns 895,867 shares of the company’s stock worth $217,481,000 after buying an additional 114,881 shares during the period. Bank of New York Mellon Corp boosted its position in Centrus Energy by 43.3% during the 4th quarter. Bank of New York Mellon Corp now owns 473,145 shares of the company’s stock valued at $114,861,000 after acquiring an additional 143,069 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Centrus Energy by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 414,933 shares of the company’s stock valued at $100,746,000 after acquiring an additional 29,857 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Centrus Energy by 126.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 371,822 shares of the company’s stock valued at $90,265,000 after acquiring an additional 207,316 shares during the period. Institutional investors own 49.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LEU shares. Roth Capital set a $171.00 price objective on shares of Centrus Energy in a research note on Monday, July 27th. JPMorgan Chase & Co. cut their target price on Centrus Energy from $236.00 to $178.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. B. Riley Financial reduced their price target on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Weiss Ratings lowered Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, UBS Group cut their price objective on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.