Analysts forecast that Cameco Corp (NYSE:CCJ) (TSE:CCO) will post earnings of ($0.02) per share for the current quarter, according to Zacks. Zero analysts have made estimates for Cameco’s earnings, with estimates ranging from ($0.02) to ($0.01). Cameco posted earnings per share of ($0.05) during the same quarter last year, which would indicate a positive year over year growth rate of 60%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, July 25th.
According to Zacks, analysts expect that Cameco will report full year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.03) to $0.06. For the next fiscal year, analysts expect that the firm will post earnings of $0.09 per share, with EPS estimates ranging from ($0.03) to $0.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Cameco.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The firm had revenue of $297.50 million during the quarter, compared to analyst estimates of $392.93 million. Cameco had a net margin of 4.72% and a return on equity of 3.13%. The business’s quarterly revenue was down 32.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS.
Several research firms recently issued reports on CCJ. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Royal Bank of Canada set a $42.00 price target on shares of Devon Energy and gave the stock a “hold” rating in a research report on Thursday, May 2nd. TD Securities lowered their price target on shares of WPX Energy from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Zacks Investment Research upgraded shares of Grana y Montero SAA from a “sell” rating to a “hold” rating in a research report on Monday, June 10th. Finally, Raymond James reiterated a “buy” rating and issued a $21.00 target price on shares of Colfax in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Cameco presently has an average rating of “Hold” and an average price target of $14.67.
Cameco stock opened at $10.13 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.78 and a debt-to-equity ratio of 0.20. Cameco has a 1 year low of $9.39 and a 1 year high of $13.04. The firm has a 50 day moving average of $10.48. The stock has a market capitalization of $4.02 billion, a P/E ratio of 25.40 and a beta of 0.88.
Large investors have recently bought and sold shares of the company. Pinnacle Financial Partners Inc. purchased a new stake in Cameco during the first quarter valued at about $29,000. Truvestments Capital LLC purchased a new stake in shares of Cameco in the first quarter worth approximately $39,000. Baldwin Brothers Inc. MA purchased a new stake in shares of Cameco in the first quarter worth approximately $41,000. NumerixS Investment Technologies Inc raised its position in Cameco by 9,400.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 9,500 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 9,400 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Cameco by 70.1% during the first quarter. Quadrant Capital Group LLC now owns 11,653 shares of the basic materials company’s stock valued at $134,000 after acquiring an additional 4,803 shares in the last quarter. Institutional investors own 51.75% of the company’s stock.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
Recommended Story: What is the downside to momentum investing?
Get a free copy of the Zacks research report on Cameco (CCJ)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.