Equities research analysts expect that Cameco Corp (NYSE:CCJ) (TSE:CCO) will post earnings per share (EPS) of ($0.09) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Cameco Corp’s earnings. Cameco Corp reported earnings of ($0.11) per share in the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The business is scheduled to announce its next earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that Cameco Corp will report full year earnings of $0.40 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $0.37 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Cameco Corp.
Cameco Corp (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, April 28th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). Cameco Corp had a negative return on equity of 1.38% and a negative net margin of 4.61%. The business had revenue of $393 million during the quarter, compared to the consensus estimate of $351.40 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year.
A number of brokerages recently weighed in on CCJ. Zacks Investment Research upgraded Cameco Corp from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, February 14th. Credit Suisse Group AG restated a “neutral” rating on shares of Cameco Corp in a research note on Tuesday, April 18th. Cantor Fitzgerald upgraded Cameco Corp from a “hold” rating to a “buy” rating in a research note on Monday, February 13th. Finally, TheStreet cut Cameco Corp from a “c” rating to a “d+” rating in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.67.
Shares of Cameco Corp (NYSE:CCJ) traded up 1.06% during trading on Tuesday, hitting $9.50. The stock had a trading volume of 1,221,709 shares. The company’s market cap is $3.76 billion. The stock has a 50-day moving average price of $9.79 and a 200 day moving average price of $10.70. Cameco Corp has a 12 month low of $7.41 and a 12 month high of $13.36.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.0741 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.12%. Cameco Corp’s payout ratio is -272.70%.
Hedge funds have recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Cameco Corp by 30.5% in the third quarter. Morgan Stanley now owns 2,740,785 shares of the basic materials company’s stock worth $23,461,000 after buying an additional 641,228 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Cameco Corp during the third quarter worth approximately $14,102,000. 1832 Asset Management L.P. increased its stake in shares of Cameco Corp by 1.1% in the third quarter. 1832 Asset Management L.P. now owns 11,885 shares of the basic materials company’s stock worth $102,000 after buying an additional 130 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its stake in shares of Cameco Corp by 64.8% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,129,014 shares of the basic materials company’s stock worth $9,630,000 after buying an additional 443,939 shares during the last quarter. Finally, First Heartland Consultants Inc. bought a new stake in shares of Cameco Corp during the third quarter worth approximately $152,000. Hedge funds and other institutional investors own 54.79% of the company’s stock.
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About Cameco Corp
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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