Brokerages Anticipate Cameco Co. (NYSE:CCJ) to Announce -$0.02 EPS

Wall Street brokerages expect Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) to post earnings per share of ($0.02) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Cameco’s earnings, with estimates ranging from ($0.06) to $0.02. Cameco posted earnings per share of ($0.08) in the same quarter last year, which indicates a positive year over year growth rate of 75%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cameco will report full year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.22. For the next financial year, analysts forecast that the business will report earnings of $1.19 per share, with EPS estimates ranging from $0.99 to $1.38. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Cameco.

Cameco (NYSE:CCJ – Get Rating) (TSE:CCO) last issued its earnings results on Wednesday, February 9th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. The firm had revenue of $368.91 million for the quarter. Cameco had a negative return on equity of 1.08% and a negative net margin of 3.72%. During the same period last year, the firm posted $0.09 earnings per share.

Several brokerages have issued reports on CCJ. Canaccord Genuity Group boosted their target price on Cameco from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 10th. Raymond James boosted their price target on Cameco from C$40.00 to C$47.00 in a research report on Wednesday, April 20th. BMO Capital Markets raised Cameco from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $33.00 to $42.00 in a research report on Wednesday, March 30th. Zacks Investment Research lowered Cameco from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, CIBC initiated coverage on Cameco in a research report on Wednesday, January 19th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $40.70.

A number of large investors have recently added to or reduced their stakes in CCJ. AdvisorNet Financial Inc purchased a new stake in Cameco during the 1st quarter worth about $29,000. Bank of New Hampshire acquired a new position in Cameco in the 1st quarter valued at about $34,000. Sandy Cove Advisors LLC acquired a new position in Cameco in the 4th quarter valued at about $38,000. First Horizon Advisors Inc. acquired a new position in Cameco during the 3rd quarter worth approximately $44,000. Finally, Settian Capital LP acquired a new position in Cameco during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 57.95% of the company’s stock.

CCJ opened at $22.01 on Friday. The firm has a market cap of $8.77 billion, a P/E ratio of -200.07 and a beta of 0.88. Cameco has a 12 month low of $15.34 and a 12 month high of $32.49. The company has a current ratio of 5.05, a quick ratio of 4.12 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $27.31 and a 200 day moving average of $24.47.

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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