Cameco (CCJ) to Release Earnings on Tuesday

Cameco (NYSE:CCJ) (TSE:CCO) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Cameco has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $620.00 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. On average, analysts expect Cameco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cameco Trading Up 0.4 %

Shares of Cameco stock opened at $49.35 on Friday. The firm has a market capitalization of $21.43 billion, a price-to-earnings ratio of 82.25 and a beta of 0.92. Cameco has a fifty-two week low of $25.72 and a fifty-two week high of $52.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The stock has a 50 day moving average of $44.43 and a 200 day moving average of $43.98.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective for the company. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.75.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, 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.