Equities research analysts expect Cameco Corp (NYSE:CCJ) (TSE:CCO) to post earnings per share (EPS) of $0.03 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Cameco’s earnings. The lowest EPS estimate is ($0.02) and the highest is $0.07. Cameco reported earnings per share of $0.39 in the same quarter last year, which suggests a negative year over year growth rate of 92.3%. The firm is expected to announce its next earnings results on Friday, February 14th.
On average, analysts expect that Cameco will report full-year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.06) to ($0.03). For the next year, analysts expect that the firm will post earnings of $0.04 per share, with EPS estimates ranging from $0.02 to $0.05. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Cameco.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, November 1st. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $303.00 million during the quarter, compared to the consensus estimate of $509.94 million. Cameco had a net margin of 5.86% and a return on equity of 3.02%. The company’s revenue was down 37.9% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share.
Several equities analysts recently commented on CCJ shares. Zacks Investment Research raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. CIBC set a $13.00 price objective on shares of Cameco and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, ValuEngine raised shares of Cameco from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Cameco has a consensus rating of “Hold” and a consensus price target of $12.50.
A number of institutional investors have recently made changes to their positions in the business. Millennium Management LLC lifted its position in Cameco by 2,312.3% during the third quarter. Millennium Management LLC now owns 314,176 shares of the basic materials company’s stock valued at $2,984,000 after purchasing an additional 301,152 shares during the last quarter. Man Group plc bought a new stake in Cameco during the third quarter valued at approximately $2,526,000. PointState Capital LP bought a new stake in Cameco during the third quarter valued at approximately $4,251,000. Progeny 3 Inc. lifted its position in Cameco by 83.3% during the third quarter. Progeny 3 Inc. now owns 1,070,400 shares of the basic materials company’s stock valued at $10,169,000 after purchasing an additional 486,590 shares during the last quarter. Finally, Wildcat Capital Management LLC lifted its position in Cameco by 33.7% during the third quarter. Wildcat Capital Management LLC now owns 500,000 shares of the basic materials company’s stock valued at $4,750,000 after purchasing an additional 125,961 shares during the last quarter. Institutional investors and hedge funds own 56.47% of the company’s stock.
NYSE:CCJ traded up $0.18 during mid-day trading on Wednesday, hitting $9.35. 2,752,300 shares of the stock traded hands, compared to its average volume of 2,052,961. The business’s 50-day moving average price is $9.34 and its 200 day moving average price is $9.58. The company has a market cap of $3.69 billion, a PE ratio of 23.38 and a beta of 0.90. Cameco has a 12-month low of $8.03 and a 12-month high of $13.04. The company has a quick ratio of 3.86, a current ratio of 5.63 and a debt-to-equity ratio of 0.20.
The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.122 per share. The ex-dividend date is Tuesday, November 26th. This represents a yield of 1.24%. This is a boost from Cameco’s previous annual dividend of $0.06. Cameco’s payout ratio is currently 15.00%.
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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