Cameco (CCJ) Set to Announce Quarterly Earnings on Tuesday

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Cameco to post earnings of $0.33 per share for the quarter. Cameco has set its FY 2024 guidance at EPS.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $620.00 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. On average, analysts expect Cameco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cameco Trading Up 0.8 %

Shares of CCJ traded up $0.40 during mid-day trading on Thursday, reaching $49.16. 2,029,154 shares of the company's stock traded hands, compared to its average volume of 5,068,923. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. The stock's 50-day moving average is $44.15 and its two-hundred day moving average is $43.81. Cameco has a 12 month low of $25.72 and a 12 month high of $52.64. The stock has a market cap of $21.35 billion, a P/E ratio of 81.93 and a beta of 0.92.

Analysts Set New Price Targets

CCJ has been the subject of several research analyst reports. StockNews.com downgraded Cameco from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. The Goldman Sachs Group started coverage on Cameco in a report on Monday, April 1st. They issued a "buy" rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.75.

About Cameco

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.