Centrus Energy (NYSE:LEU) Trading Down 4.1% - Here's What Happened

Key Points

• Centrus Energy Corp. shares fell 4.1% to $199.70, with trading volume declining by 70% compared to the average session volume.
• Analysts have a consensus rating of "Moderate Buy" on Centrus Energy, with an average price target of $178.64, and various firms are targeting price objectives ranging from $148.00 to $221.00.
• The company reported earnings of $1.60 per share for the last quarter, significantly exceeding analysts' expectations and showing a 67.3% year-over-year revenue increase.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares fell 4.1% during trading on Monday . The company traded as low as $203.34 and last traded at $199.70. 295,648 shares traded hands during trading, a decline of 70% from the average session volume of 972,930 shares. The stock had previously closed at $208.33.

Wall Street Analyst Weigh In

A number of research firms recently commented on LEU. Evercore ISI set a $205.00 price objective on Centrus Energy and gave the company an "outperform" rating in a research note on Tuesday, July 15th. B. Riley reiterated a "buy" rating and set a $221.00 target price (up from $134.00) on shares of Centrus Energy in a research report on Monday, June 23rd. JPMorgan Chase & Co. initiated coverage on Centrus Energy in a report on Thursday, June 26th. They issued a "neutral" rating and a $148.00 price objective on the stock. Northland Securities initiated coverage on Centrus Energy in a report on Monday, July 7th. They issued an "outperform" rating and a $205.00 price objective on the stock. Finally, William Blair restated an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $178.64.

Centrus Energy Stock Down 2.1%

The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The firm has a 50 day simple moving average of $182.00 and a two-hundred day simple moving average of $116.47. The stock has a market cap of $3.48 billion, a P/E ratio of 46.10 and a beta of 1.45.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. During the same period in the previous year, the firm posted ($0.38) earnings per share. The business's revenue was up 67.3% on a year-over-year basis. Equities research analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Kevin J. Harrill sold 1,728 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $126.00, for a total value of $217,728.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP John M. A. Donelson sold 3,732 shares of Centrus Energy stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.31, for a total transaction of $359,428.92. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Centrus Energy

A number of institutional investors have recently modified their holdings of LEU. Raymond James Financial Inc. acquired a new stake in shares of Centrus Energy in the fourth quarter valued at about $370,000. Commonwealth Equity Services LLC increased its position in Centrus Energy by 58.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,479 shares of the company's stock worth $432,000 after buying an additional 2,384 shares during the last quarter. American Century Companies Inc. grew its position in shares of Centrus Energy by 72.8% in the fourth quarter. American Century Companies Inc. now owns 23,768 shares of the company's stock valued at $1,583,000 after purchasing an additional 10,011 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Centrus Energy in the fourth quarter valued at approximately $173,000. Finally, LPL Financial LLC grew its position in shares of Centrus Energy by 21.4% in the fourth quarter. LPL Financial LLC now owns 38,211 shares of the company's stock valued at $2,545,000 after purchasing an additional 6,744 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

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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