B. Riley Issues Negative Outlook for Centrus Energy Earnings

Centrus Energy Corp. (NYSE:LEU) – Investment analysts at B. Riley dropped their FY2024 earnings per share estimates for Centrus Energy in a report issued on Wednesday, October 30th. B. Riley analyst A. Rygiel now anticipates that the company will post earnings of $2.88 per share for the year, down from their prior estimate of $2.96. B. Riley currently has a “Buy” rating and a $126.00 price target on the stock. The consensus estimate for Centrus Energy’s current full-year earnings is $3.06 per share. B. Riley also issued estimates for Centrus Energy’s Q4 2024 earnings at $1.66 EPS and FY2025 earnings at $2.89 EPS.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%. The company had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million.

A number of other analysts have also recently commented on the stock. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Roth Mkm cut their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Price Performance

NYSE:LEU opened at $103.60 on Thursday. The stock has a market capitalization of $1.69 billion, a PE ratio of 21.63 and a beta of 1.32. Centrus Energy has a 1-year low of $33.51 and a 1-year high of $108.73. The firm has a fifty day simple moving average of $58.76 and a 200 day simple moving average of $48.50. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEU. Point72 DIFC Ltd bought a new stake in Centrus Energy in the 2nd quarter valued at about $42,000. Wolff Wiese Magana LLC bought a new stake in shares of Centrus Energy in the second quarter valued at approximately $43,000. nVerses Capital LLC boosted its stake in shares of Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after buying an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Centrus Energy by 181.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after buying an additional 1,754 shares in the last quarter. Finally, Heritage Investors Management Corp bought a new position in Centrus Energy during the 3rd quarter worth $203,000. 49.96% of the stock is owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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.