Brokers Set Expectations for Centrus Energy FY2024 Earnings

Centrus Energy Corp. (NYSE:LEU) – Stock analysts at Roth Capital cut their FY2024 earnings per share estimates for Centrus Energy in a report released on Wednesday, October 30th. Roth Capital analyst J. Reagor now forecasts that the company will earn $1.92 per share for the year, down from their previous estimate of $3.16. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for Centrus Energy’s current full-year earnings is $3.02 per share. Roth Capital also issued estimates for Centrus Energy’s Q4 2024 earnings at $0.71 EPS, Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $1.37 EPS and FY2025 earnings at $2.76 EPS.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The business had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million.

A number of other equities analysts have also issued reports on the company. StockNews.com raised Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. B. Riley upped their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Roth Mkm cut their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Performance

Shares of LEU stock opened at $109.39 on Friday. Centrus Energy has a 12-month low of $33.51 and a 12-month high of $118.36. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 22.84 and a beta of 1.32. The business has a 50 day simple moving average of $60.15 and a 200 day simple moving average of $48.97. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.02.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently added to or reduced their stakes in LEU. SeaCrest Wealth Management LLC acquired a new stake in shares of Centrus Energy during the 1st quarter valued at $216,000. Private Advisor Group LLC lifted its position in shares of Centrus Energy by 43.6% during the 1st quarter. Private Advisor Group LLC now owns 8,314 shares of the company’s stock valued at $345,000 after acquiring an additional 2,523 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Centrus Energy by 207.3% during the 1st quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock valued at $419,000 after acquiring an additional 6,807 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Centrus Energy during the 1st quarter valued at $2,076,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Centrus Energy by 2.8% during the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock valued at $1,185,000 after acquiring an additional 766 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.