Brokers Issue Forecasts for Centrus Energy Corp.’s Q2 2024 Earnings (NYSE:LEU)

Centrus Energy Corp. (NYSE:LEU) – Analysts at Roth Capital boosted their Q2 2024 EPS estimates for Centrus Energy in a research note issued to investors on Thursday, May 9th. Roth Capital analyst J. Reagor now anticipates that the company will earn $0.86 per share for the quarter, up from their previous forecast of $0.76. The consensus estimate for Centrus Energy’s current full-year earnings is $2.71 per share. Roth Capital also issued estimates for Centrus Energy’s Q4 2024 earnings at $1.37 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.96 EPS.

Other equities research analysts have also issued reports about the stock. TheStreet raised shares of Centrus Energy from a “d-” rating to a “c” rating in a report on Friday, February 9th. Roth Mkm lowered their price target on shares of Centrus Energy from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday. B. Riley reaffirmed a “buy” rating and set a $72.00 price target on shares of Centrus Energy in a report on Tuesday, February 13th. Finally, StockNews.com raised shares of Centrus Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th.

Centrus Energy Price Performance

LEU opened at $43.97 on Friday. The company has a fifty day simple moving average of $41.97 and a 200 day simple moving average of $47.55. The firm has a market cap of $689.45 million, a price-to-earnings ratio of 8.14 and a beta of 1.36. Centrus Energy has a twelve month low of $24.88 and a twelve month high of $61.35. The company has a current ratio of 1.45, a quick ratio of 0.80 and a debt-to-equity ratio of 4.73.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Thursday, February 8th. The company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $2.80. The company had revenue of $103.60 million during the quarter, compared to analyst estimates of $61.05 million. Centrus Energy had a net margin of 26.36% and a negative return on equity of 491.41%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEU. SG Americas Securities LLC bought a new stake in Centrus Energy in the 3rd quarter valued at about $320,000. Raymond James & Associates bought a new stake in Centrus Energy in the 3rd quarter valued at about $270,000. Diamond Hill Capital Management Inc. lifted its position in Centrus Energy by 1.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 84,870 shares of the company’s stock valued at $4,817,000 after purchasing an additional 811 shares during the last quarter. MRP Capital Investments LLC lifted its position in Centrus Energy by 141.1% in the 3rd quarter. MRP Capital Investments LLC now owns 42,820 shares of the company’s stock valued at $2,430,000 after purchasing an additional 25,060 shares during the last quarter. Finally, WealthTrust Axiom LLC bought a new stake in Centrus Energy in the 3rd quarter valued at about $250,000. 49.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Centrus Energy

In other Centrus Energy news, SVP John M. A. Donelson sold 16,073 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.24, for a total transaction of $646,777.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is currently owned by insiders.

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.