Centrus Energy (NYSE:LEU) Posts Quarterly Earnings Results, Beats Expectations By $1.01 EPS

Key Points

• Centrus Energy reported earnings of $1.59 per share, significantly exceeding analysts' expectations of $0.58, though quarterly revenue declined by 18.3% year-over-year.
• Shares rose by 1.8% on the announcement, closing at $213.80, with a market cap of approximately $3.64 billion.
• Analysts have varying ratings for Centrus Energy, with a consensus average price target of $178.64 and multiple firms issuing buy ratings.

Centrus Energy (NYSE:LEU - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $1.01, Briefing.com reports. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The firm's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period last year, the business posted $1.89 earnings per share.

Centrus Energy Stock Down 5.1%

Shares of NYSE:LEU traded down $12.09 during trading on Friday, hitting $222.85. 1,164,370 shares of the company were exchanged, compared to its average volume of 996,059. Centrus Energy has a fifty-two week low of $34.91 and a fifty-two week high of $264.90. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 50.57 and a beta of 1.35. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The firm has a fifty day moving average price of $189.98 and a two-hundred day moving average price of $119.93.

Analyst Ratings Changes

LEU has been the subject of a number of research analyst reports. B. Riley reissued a "buy" rating and issued a $221.00 target price (up from $134.00) on shares of Centrus Energy in a research note on Monday, June 23rd. William Blair reiterated an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. Evercore ISI raised their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a report on Friday. Bank of America reaffirmed a "neutral" rating and issued a $285.00 target price (up from $210.00) on shares of Centrus Energy in a research note on Thursday. Finally, Stifel Nicolaus began coverage on Centrus Energy in a report on Friday, July 11th. They set a "buy" rating and a $220.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Centrus Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.73.

Insider Activity at Centrus Energy

In related news, SVP John M. A. Donelson sold 3,732 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.31, for a total value of $359,428.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin J. Harrill sold 1,728 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $126.00, for a total transaction of $217,728.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of Centrus Energy

A number of hedge funds have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Centrus Energy by 45.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,315 shares of the company's stock worth $3,379,000 after purchasing an additional 17,014 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Centrus Energy by 57.6% during the 1st quarter. Royal Bank of Canada now owns 17,266 shares of the company's stock worth $1,074,000 after buying an additional 6,312 shares during the last quarter. Finally, Comerica Bank boosted its stake in Centrus Energy by 589.5% in the first quarter. Comerica Bank now owns 655 shares of the company's stock valued at $41,000 after buying an additional 560 shares in the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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.