Centrus Energy FY2024 EPS Forecast Decreased by Roth Capital

Centrus Energy Corp. (NYSE:LEU) – Equities research analysts at Roth Capital decreased their FY2024 earnings per share estimates for Centrus Energy in a note issued to investors on Tuesday, November 19th. Roth Capital analyst J. Reagor now forecasts that the company will earn $1.67 per share for the year, down from their previous estimate of $1.92. Roth Capital has a “Hold” rating on the stock. The consensus estimate for Centrus Energy’s current full-year earnings is $2.28 per share.

A number of other equities research analysts have also recently issued reports on LEU. B. Riley upped their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Roth Mkm reduced their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com raised Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Centrus Energy presently has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Performance

Shares of LEU stock opened at $79.90 on Wednesday. The company has a fifty day moving average price of $71.37 and a two-hundred day moving average price of $52.55. Centrus Energy has a one year low of $33.51 and a one year high of $118.36. The stock has a market cap of $1.31 billion, a P/E ratio of 16.91 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03.

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

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors have recently made changes to their positions in LEU. BNP Paribas Financial Markets lifted its holdings in Centrus Energy by 207.3% during the 1st quarter. BNP Paribas Financial Markets now owns 10,090 shares of the company’s stock worth $419,000 after purchasing an additional 6,807 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Centrus Energy by 2.8% during the first quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock worth $1,185,000 after buying an additional 766 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Centrus Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock worth $31,815,000 after buying an additional 17,033 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Centrus Energy by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after acquiring an additional 46,254 shares in the last quarter. Finally, Wolff Wiese Magana LLC acquired a new position in shares of Centrus Energy in the second quarter valued at about $43,000. Institutional investors own 49.96% of the company’s stock.

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.