Equities research analysts predict that Cameco Corp (NYSE:CCJ) (TSE:CCO) will announce earnings per share (EPS) of $0.03 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Cameco’s earnings. The lowest EPS estimate is ($0.02) and the highest is $0.07. Cameco posted earnings per share of $0.39 during the same quarter last year, which suggests a negative year-over-year growth rate of 92.3%. The firm is expected to issue its next earnings results before the market opens on Friday, February 7th.
According to Zacks, analysts expect that Cameco will report full-year earnings of ($0.05) per share for the current fiscal year, with EPS estimates ranging from ($0.07) to ($0.03). For the next year, analysts anticipate that the firm will report earnings of $0.01 per share, with EPS estimates ranging from ($0.03) to $0.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Cameco.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, November 1st. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $303.00 million for the quarter, compared to analysts’ expectations of $509.94 million. Cameco had a return on equity of 3.02% and a net margin of 5.86%. The firm’s revenue for the quarter was down 37.9% on a year-over-year basis. During the same period last year, the business posted $0.04 earnings per share.
CCJ has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Cameco from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. CIBC set a $13.00 target price on Cameco and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, ValuEngine raised Cameco from a “buy” rating to a “strong-buy” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Cameco currently has an average rating of “Hold” and a consensus price target of $12.50.
A number of hedge funds have recently modified their holdings of CCJ. Tocqueville Asset Management L.P. lifted its position in shares of Cameco by 13.6% in the 4th quarter. Tocqueville Asset Management L.P. now owns 38,888 shares of the basic materials company’s stock worth $346,000 after purchasing an additional 4,650 shares during the period. Courier Capital LLC acquired a new position in shares of Cameco during the 4th quarter worth $89,000. FNY Investment Advisers LLC grew its stake in shares of Cameco by 130.5% during the 4th quarter. FNY Investment Advisers LLC now owns 18,816 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 10,653 shares during the period. Beutel Goodman & Co Ltd. grew its stake in shares of Cameco by 2.4% during the 3rd quarter. Beutel Goodman & Co Ltd. now owns 23,174,477 shares of the basic materials company’s stock worth $220,080,000 after purchasing an additional 537,272 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Cameco by 2,312.3% during the 3rd quarter. Millennium Management LLC now owns 314,176 shares of the basic materials company’s stock worth $2,984,000 after purchasing an additional 301,152 shares during the period. Institutional investors own 56.44% of the company’s stock.
Shares of Cameco stock traded up $0.12 during trading on Friday, hitting $8.95. 60,771 shares of the stock traded hands, compared to its average volume of 1,924,239. The stock has a market cap of $3.53 billion, a P/E ratio of 22.33 and a beta of 0.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.86 and a current ratio of 5.63. Cameco has a twelve month low of $8.03 and a twelve month high of $13.04. The company has a fifty day moving average price of $9.04 and a two-hundred day moving average price of $9.31.
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.
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