Shares of Centrus Energy Corp. (NYSE:LEU – Get Free Report) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $72.50, but opened at $80.75. Centrus Energy shares last traded at $82.46, with a volume of 569,474 shares changing hands.
The company reported $1.60 EPS for the quarter, topping the consensus estimate of ($0.08) by $1.68. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%. The firm’s quarterly revenue was up 67.3% on a year-over-year basis. During the same period last year, the company earned ($0.38) earnings per share.
Analyst Ratings Changes
LEU has been the subject of a number of research reports. Citigroup began coverage on shares of Centrus Energy in a report on Tuesday, March 4th. They set a “neutral” rating and a $104.00 target price for the company. StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Monday, February 10th. HC Wainwright initiated coverage on Centrus Energy in a research note on Tuesday, February 25th. They set a “buy” rating and a $300.00 price objective for the company. Finally, Craig Hallum began coverage on shares of Centrus Energy in a research note on Tuesday, April 1st. They set a “buy” rating and a $129.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $143.40.
Insider Buying and Selling
In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total transaction of $481,240.00. Following the completion of the sale, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Centrus Energy
Several institutional investors have recently bought and sold shares of LEU. Cape Investment Advisory Inc. bought a new position in shares of Centrus Energy during the 4th quarter valued at about $27,000. PNC Financial Services Group Inc. increased its stake in Centrus Energy by 77.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. State of Wyoming purchased a new stake in shares of Centrus Energy during the 4th quarter worth approximately $33,000. Altshuler Shaham Ltd bought a new position in shares of Centrus Energy during the 4th quarter valued at approximately $49,000. Finally, National Bank of Canada FI purchased a new position in shares of Centrus Energy in the fourth quarter valued at $51,000. 49.96% of the stock is owned by hedge funds and other institutional investors.
Centrus Energy Trading Up 5.8 %
The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09. The stock’s 50 day moving average is $69.74 and its 200-day moving average is $79.16. The company has a market cap of $1.57 billion, a PE ratio of 21.22 and a beta of 1.14.
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.
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