National Bank Financial Forecasts Lower Earnings for Cameco

Key Points

• National Bank Financial has lowered its earnings per share forecast for Cameco in FY2025 from $1.10 to $1.03, with FY2026 earnings expected at $1.01 EPS.
• Cameco's quarterly earnings report revealed an EPS of $0.11, missing analysts' estimates, while the revenue came in at $549.58 million, significantly below expectations of $890.07 million.
• Despite recent earnings concerns, most analysts maintain a positive outlook on Cameco, with a consensus rating of "Buy" and a target price averaging $80.65.

Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO - Equities research analysts at National Bank Financial dropped their FY2025 earnings estimates for Cameco in a research report issued on Wednesday, July 23rd. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings of $1.03 per share for the year, down from their prior estimate of $1.10. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. National Bank Financial also issued estimates for Cameco's FY2026 earnings at $1.01 EPS.

A number of other equities analysts also recently commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Glj Research restated a "buy" rating and issued a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $80.65.

Cameco Stock Performance

Shares of NYSE CCJ traded down $0.48 during trading on Monday, reaching $79.12. The stock had a trading volume of 3,533,192 shares, compared to its average volume of 4,692,879. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The stock has a market cap of $34.45 billion, a PE ratio of 197.80 and a beta of 1.03. Cameco has a one year low of $35.00 and a one year high of $80.06. The firm's 50 day moving average price is $68.07 and its two-hundred day moving average price is $53.46.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The firm's quarterly revenue was up 24.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Manchester Capital Management LLC raised its position in Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Hurley Capital LLC bought a new stake in shares of Cameco in the 4th quarter worth approximately $27,000. Dagco Inc. bought a new stake in shares of Cameco in the 1st quarter worth approximately $28,000. SVB Wealth LLC acquired a new stake in Cameco during the first quarter valued at approximately $29,000. Finally, Trust Co. of Vermont boosted its holdings in Cameco by 1,029.4% during the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after buying an additional 350 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.