Cameco Corp (CCJ) Expected to Post Earnings of -$0.01 Per Share

Equities analysts predict that Cameco Corp (NYSE:CCJ) (TSE:CCO) will report earnings of ($0.01) per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Cameco’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.01). Cameco reported earnings per share of $0.05 during the same quarter last year, which would suggest a negative year-over-year growth rate of 120%. The company is scheduled to report its next earnings results before the market opens on Wednesday, May 1st.

According to Zacks, analysts expect that Cameco will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from ($0.01) to $0.13. For the next year, analysts expect that the company will post earnings of ($0.19) per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Cameco.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, February 8th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.20. Cameco had a return on equity of 4.23% and a net margin of 7.91%. The company had revenue of $628.85 million during the quarter.

Separately, Zacks Investment Research upgraded Cameco from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Cameco presently has a consensus rating of “Hold” and a consensus price target of $15.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCJ. Truvestments Capital LLC acquired a new stake in shares of Cameco in the first quarter valued at approximately $39,000. Quadrant Capital Group LLC raised its position in shares of Cameco by 284.6% in the fourth quarter. Quadrant Capital Group LLC now owns 6,850 shares of the basic materials company’s stock valued at $74,000 after buying an additional 5,069 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Cameco by 9,400.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 9,500 shares of the basic materials company’s stock valued at $106,000 after buying an additional 9,400 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of Cameco in the third quarter valued at approximately $120,000. Finally, AlphaCrest Capital Management LLC acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $129,000. Institutional investors own 53.33% of the company’s stock.

Shares of NYSE:CCJ traded up $0.02 during trading on Friday, reaching $11.79. 1,381,600 shares of the stock were exchanged, compared to its average volume of 1,850,373. Cameco has a 12 month low of $9.39 and a 12 month high of $13.04. The stock has a market cap of $4.67 billion, a PE ratio of 29.48 and a beta of 0.88. The company has a quick ratio of 1.84, a current ratio of 2.38 and a debt-to-equity ratio of 0.20.

About Cameco

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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