Centrus Energy (NYSE:LEU) Trading Down 4.9% - Here's Why

Key Points

• Centrus Energy Corp. shares fell by 4.9%, closing at $231.62, amid lower trading volume compared to average levels.
• Analyst ratings show a mixed outlook, with one strong buy, seven buy, and six hold ratings, indicating a general sentiment of moderate buy from analysts.
• The company's Q2 earnings surpassed expectations, reporting $1.59 EPS, though revenue declined 18.3% year-over-year.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) dropped 4.9% during trading on Tuesday . The company traded as low as $226.43 and last traded at $231.62. Approximately 357,079 shares traded hands during trading, a decline of 66% from the average daily volume of 1,054,873 shares. The stock had previously closed at $243.48.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LEU shares. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. HC Wainwright restated a "buy" rating and set a $300.00 price objective on shares of Centrus Energy in a report on Tuesday, August 26th. Bank of America reaffirmed a "neutral" rating and issued a $285.00 price objective (up previously from $210.00) on shares of Centrus Energy in a research report on Thursday, August 7th. Finally, William Blair reiterated an "outperform" rating on shares of Centrus Energy in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $202.09.

Centrus Energy Stock Up 12.1%

The firm has a market capitalization of $5.36 billion, a PE ratio of 66.78 and a beta of 1.53. 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 50-day moving average of $215.39 and a two-hundred day moving average of $144.24.

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

Institutional Investors Weigh In On Centrus Energy

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Centrus Energy by 3.3% in 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 acquiring an additional 32,002 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 in the last quarter. American Century Companies Inc. raised its position in Centrus Energy by 483.8% in the second quarter. American Century Companies Inc. now owns 247,352 shares of the company's stock valued at $45,310,000 after purchasing an additional 204,983 shares during the period. Voloridge Investment Management LLC raised its position in Centrus Energy by 1,300.5% in the fourth quarter. Voloridge Investment Management LLC now owns 235,155 shares of the company's stock valued at $15,664,000 after purchasing an additional 218,364 shares during the period. Finally, Granahan Investment Management LLC acquired a new position in shares of Centrus Energy during the first quarter worth about $13,440,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.