Centrus Energy (NYSE:LEU) Shares Down 8.9% - Here's What Happened

Key Points

• Centrus Energy's shares declined by 8.9% on Friday, closing at $378.35 after a previous close of $415.43.
• Despite the recent drop in stock price, several research firms have maintained positive ratings, with target prices ranging from $215.00 to $300.00.
• Centrus Energy reported earnings of $1.59 per share, surpassing analysts' expectations, but its quarterly revenue fell by 18.3% year-over-year.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares fell 8.9% during trading on Friday . The company traded as low as $380.97 and last traded at $378.35. 912,228 shares were traded during trading, a decline of 19% from the average session volume of 1,123,947 shares. The stock had previously closed at $415.43.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LEU. UBS Group raised shares of Centrus Energy to a "hold" rating and set a $215.00 price objective on the stock in a research report on Monday, July 21st. Northland Securities set a $275.00 target price on Centrus Energy in a research report on Thursday, August 7th. Evercore ISI boosted their price objective on shares of Centrus Energy from $251.00 to $252.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. HC Wainwright reiterated a "buy" rating and set a $300.00 price target on shares of Centrus Energy in a research report on Tuesday, August 26th. Finally, Northland Capmk upgraded shares of Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Centrus Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.09.

Centrus Energy Trading Down 11.2%

The firm has a market capitalization of $6.72 billion, a PE ratio of 83.26 and a beta of 1.51. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The stock's fifty day simple moving average is $261.92 and its 200 day simple moving average is $180.24.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $1.01. Centrus Energy had a net margin of 16.56% and a return on equity of 84.09%. The company's quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 earnings per share. On average, sell-side analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Centrus Energy by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company's stock worth $62,955,000 after buying an additional 32,002 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Centrus Energy by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 346,860 shares of the company's stock valued at $63,545,000 after purchasing an additional 8,339 shares during the period. American Century Companies Inc. raised its holdings in shares of Centrus Energy by 483.8% during the second quarter. American Century Companies Inc. now owns 247,352 shares of the company's stock valued at $45,310,000 after acquiring an additional 204,983 shares during the last quarter. Granahan Investment Management LLC purchased a new position in shares of Centrus Energy in the first quarter valued at approximately $13,440,000. Finally, Goehring & Rozencwajg Associates LLC lifted its position in shares of Centrus Energy by 2.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 212,362 shares of the company's stock valued at $13,211,000 after acquiring an additional 4,606 shares in the last quarter. Institutional investors own 49.96% of the company's stock.

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.

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