Centrus Energy (NYSE:LEU) Trading Down 4.6% - Here's What Happened

Key Points

• Centrus Energy's stock dropped 4.6%, trading at $288.57, a significant decline in trading volume of 80% from its average daily volume.
• Research analysts have mixed ratings for the stock, with one Strong Buy rating, seven Buy ratings, and six Hold ratings, resulting in a consensus rating of "Moderate Buy".
• While the company reported an EPS of $1.59 for the last quarter, revenue decreased by 18.3% compared to the same quarter last year.

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s stock price dropped 4.6% during trading on Wednesday . The company traded as low as $288.00 and last traded at $288.57. Approximately 215,202 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,078,653 shares. The stock had previously closed at $302.59.

Wall Street Analyst Weigh In

LEU has been the subject of a number of research reports. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. 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 report on Thursday, August 7th. HC Wainwright reaffirmed a "buy" rating and issued a $300.00 target price on shares of Centrus Energy in a report on Tuesday, August 26th. B. Riley reaffirmed a "buy" rating and issued a $221.00 target price (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $202.09.

Centrus Energy Stock Down 4.0%

The firm's 50-day moving average price is $218.93 and its 200 day moving average price is $147.78. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 66.04 and a beta of 1.53. The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $0.58 by $1.01. 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 firm earned $1.89 EPS. Sell-side analysts expect that Centrus Energy Corp. will post 2.63 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Centrus Energy by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,011,978 shares of the company's stock worth $62,955,000 after purchasing an additional 32,002 shares during the period. Geode Capital Management LLC raised its stake in Centrus Energy by 2.5% during the second quarter. Geode Capital Management LLC now owns 346,860 shares of the company's stock worth $63,545,000 after purchasing an additional 8,339 shares during the period. American Century Companies Inc. raised its stake in Centrus Energy by 483.8% during the second quarter. American Century Companies Inc. now owns 247,352 shares of the company's stock worth $45,310,000 after purchasing an additional 204,983 shares during the period. Granahan Investment Management LLC purchased a new position in shares of Centrus Energy in the 1st quarter valued at $13,440,000. Finally, Goehring & Rozencwajg Associates LLC raised its stake in shares of Centrus Energy by 2.2% in the 1st 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 during the period. Hedge funds and other institutional investors own 49.96% of the company's stock.

About Centrus Energy

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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