Centrus Energy (NYSE:LEU) Shares Down 6.1% - What's Next?

Key Points

• Centrus Energy shares fell 6.1% to $182.89 in mid-day trading, with volume significantly below the stock’s average.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $242, despite several recent target reductions.
• The company reported strong quarterly results, including EPS of $1.77 versus a $0.74 estimate and 14% year-over-year revenue growth to $176.1 million.

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) traded down 6.1% during mid-day trading on Friday . The stock traded as low as $180.42 and last traded at $182.89. Approximately 138,480 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 924,484 shares. The stock had previously closed at $194.78.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Needham & Company LLC lowered their price target on Centrus Energy from $264.00 to $262.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Stifel Nicolaus lowered their target price on Centrus Energy from $246.00 to $216.00 and set a "buy" rating on the stock in a report on Tuesday. Barclays assumed coverage on Centrus Energy in a research report on Tuesday, August 18th. They issued an "equal weight" rating and a $207.00 target price on the stock. Roth Capital reaffirmed a "neutral" rating and set a $188.00 price target on shares of Centrus Energy in a research report on Thursday, August 6th. Finally, Zacks Research raised shares of Centrus Energy from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $242.00.

Centrus Energy Stock Down 8.8%

The company has a fifty day simple moving average of $174.83 and a 200-day simple moving average of $187.40. The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The firm has a market cap of $3.54 billion, a P/E ratio of 80.76, a price-to-earnings-growth ratio of 24.20 and a beta of 1.36.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The firm had revenue of $176.10 million for the quarter. During the same period last year, the business earned $1.59 EPS. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. On average, equities analysts anticipate that Centrus Energy Corp. will post 2.59 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently added to or reduced their stakes in LEU. Vermillion Wealth Management Inc. raised its position in shares of Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares during the period. Fulcrum Asset Management LLP bought a new position in Centrus Energy in the 3rd quarter worth $34,000. IFP Advisors Inc increased its stake in Centrus Energy by 38.3% in the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company's stock worth $46,000 after buying an additional 41 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in Centrus Energy during the fourth quarter valued at about $36,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Centrus Energy in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 49.96% of the company's stock.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.

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