Centrus Energy (NYSE:LEU) Posts Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Centrus Energy (NYSE:LEU) issued its quarterly earnings results on Monday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48), Zacks reports. The firm had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%.

Centrus Energy Price Performance

NYSE LEU traded down $0.68 during mid-day trading on Tuesday, hitting $93.20. The stock had a trading volume of 762,962 shares, compared to its average volume of 336,464. The company has a 50 day simple moving average of $54.87 and a 200 day simple moving average of $47.31. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 15.69 and a beta of 1.32. Centrus Energy has a 52-week low of $33.51 and a 52-week high of $104.50. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 1.47.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Finally, Roth Mkm lowered shares of Centrus Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $55.00 to $62.00 in a research report on Thursday, October 10th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.00.

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.