Wall Street analysts expect Cameco Corp (NYSE:CCJ) (TSE:CCO) to announce ($0.02) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Cameco’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.02). Cameco reported earnings per share of ($0.05) during the same quarter last year, which would suggest a positive year-over-year growth rate of 60%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, July 25th.
According to Zacks, analysts expect that Cameco will report full-year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.03) to $0.06. For the next financial year, analysts forecast that the business will post earnings of $0.09 per share, with EPS estimates ranging from ($0.03) to $0.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Cameco.
Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.04). Cameco had a net margin of 4.72% and a return on equity of 3.13%. The business had revenue of $297.50 million during the quarter, compared to the consensus estimate of $392.93 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was down 32.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Cameco by 2.1% in the 4th quarter. BlackRock Inc. now owns 218,299 shares of the basic materials company’s stock valued at $2,478,000 after acquiring an additional 4,558 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Cameco in the 1st quarter valued at approximately $6,794,000. Bank of Montreal Can lifted its stake in Cameco by 95.8% in the 1st quarter. Bank of Montreal Can now owns 6,224,637 shares of the basic materials company’s stock valued at $73,389,000 after acquiring an additional 3,045,011 shares in the last quarter. Norges Bank bought a new stake in Cameco in the 4th quarter valued at approximately $35,531,000. Finally, General American Investors Co. Inc. lifted its stake in Cameco by 17.7% in the 4th quarter. General American Investors Co. Inc. now owns 1,327,947 shares of the basic materials company’s stock valued at $15,072,000 after acquiring an additional 200,000 shares in the last quarter. Hedge funds and other institutional investors own 51.64% of the company’s stock.
NYSE:CCJ traded up $0.46 on Friday, hitting $11.10. 6,724,086 shares of the stock were exchanged, compared to its average volume of 1,453,169. The firm has a market capitalization of $4.39 billion, a PE ratio of 27.75 and a beta of 0.88. Cameco has a 52 week low of $9.39 and a 52 week high of $13.04. The company has a quick ratio of 1.78, a current ratio of 2.55 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $10.43.
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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