Centrus Energy (NYSE:LEU) Releases Quarterly Earnings Results, Beats Estimates By $0.72 EPS

Centrus Energy (NYSE:LEU) posted its quarterly earnings results on Tuesday. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72, Zacks reports. Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.

Centrus Energy Stock Performance

Shares of LEU traded down $0.57 during trading hours on Tuesday, hitting $206.35. The stock had a trading volume of 911,899 shares, compared to its average volume of 1,039,430. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.59 and a quick ratio of 4.83. Centrus Energy has a 12 month low of $70.43 and a 12 month high of $464.25. The firm has a market capitalization of $4.06 billion, a PE ratio of 49.48, a PEG ratio of 18.44 and a beta of 1.43. The stock has a fifty day moving average price of $197.88 and a 200 day moving average price of $251.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Citigroup decreased their price target on Centrus Energy from $292.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. UBS Group cut their price objective on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Northland Securities set a $285.00 price objective on Centrus Energy in a report on Thursday, February 12th. Evercore reaffirmed an “outperform” rating and issued a $390.00 price objective on shares of Centrus Energy in a report on Monday, January 5th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $137.00 price objective on shares of Centrus Energy in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $268.82.

Institutional Trading of Centrus Energy

Large investors have recently modified their holdings of the company. Fulcrum Asset Management LLP bought a new stake in Centrus Energy during the third quarter valued at about $34,000. Comerica Bank grew its holdings in Centrus Energy by 589.5% during the first quarter. Comerica Bank now owns 655 shares of the company’s stock valued at $41,000 after purchasing an additional 560 shares during the period. IFP Advisors Inc grew its holdings in Centrus Energy by 38.3% during 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 during the period. Parallel Advisors LLC grew its holdings in Centrus Energy by 6,000.0% during the fourth quarter. Parallel Advisors LLC now owns 244 shares of the company’s stock valued at $59,000 after purchasing an additional 240 shares during the period. Finally, Danske Bank A S bought a new stake in Centrus Energy during the third quarter valued at about $62,000. Institutional investors own 49.96% of the company’s stock.

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.