Cameco Co. (NYSE:CCJ) Expected to Announce Earnings of -$0.04 Per Share

Equities analysts forecast that Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) will report earnings per share of ($0.04) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Cameco’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.07). Cameco reported earnings per share of ($0.06) during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.

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 ($0.14) to $0.24. For the next year, analysts expect that the firm will report earnings of $1.19 per share, with EPS estimates ranging from $1.15 to $1.23. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Cameco.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last posted its quarterly earnings results on Wednesday, February 9th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The business had revenue of $368.91 million for the quarter. Cameco had a negative return on equity of 2.00% and a negative net margin of 7.01%. During the same quarter in the prior year, the business earned $0.09 EPS.

Several equities analysts have weighed in on CCJ shares. Canaccord Genuity Group increased their target price on Cameco from C$37.00 to C$44.00 and gave the company a “buy” rating in a research note on Friday. Bank of America raised their price target on Cameco from C$40.00 to C$46.00 in a research report on Tuesday, April 12th. CIBC started coverage on Cameco in a research report on Wednesday, January 19th. They set an “outperform” rating on the stock. StockNews.com started coverage on Cameco in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Finally, BMO Capital Markets raised Cameco from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $33.00 to $42.00 in a research report on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus target price of $42.00.

NYSE:CCJ traded down $0.55 during mid-day trading on Friday, hitting $27.74. The company had a trading volume of 9,149,502 shares, compared to its average volume of 7,657,202. Cameco has a fifty-two week low of $15.34 and a fifty-two week high of $32.49. The business’s fifty day moving average is $26.78 and its two-hundred day moving average is $24.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.19 and a current ratio of 5.18. The firm has a market cap of $11.05 billion, a P/E ratio of -138.69 and a beta of 0.84.

The company also recently announced an annual dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.094 dividend. The ex-dividend date is Tuesday, November 29th. This is an increase from Cameco’s previous annual dividend of $0.06. This represents a yield of 0.41%. Cameco’s dividend payout ratio (DPR) is currently -30.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new position in shares of Cameco in the first quarter valued at approximately $29,000. Cypress Capital Management LLC WY increased its position in Cameco by 663.5% in the third quarter. Cypress Capital Management LLC WY now owns 1,527 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,327 shares during the last quarter. Bank of New Hampshire purchased a new stake in Cameco in the first quarter worth $34,000. Sandy Cove Advisors LLC purchased a new position in shares of Cameco in the fourth quarter valued at $38,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of Cameco in the third quarter valued at $44,000. 58.26% of the stock is owned by institutional investors and hedge funds.

Cameco Company Profile (Get Rating)

Cameco Corporation produces and sells uranium. It operates through 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. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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Earnings History and Estimates for Cameco (NYSE:CCJ)

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