Cameco Corp (CCJ) Expected to Post Earnings of $0.19 Per Share

Equities research analysts expect that Cameco Corp (NYSE:CCJ) (TSE:CCO) will post earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Cameco’s earnings. Cameco posted earnings per share of $0.36 in the same quarter last year, which suggests a negative year-over-year growth rate of 47.2%. The business is expected to announce its next earnings report on Friday, February 8th.

According to Zacks, analysts expect that Cameco will report full-year earnings of $0.20 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $0.24 per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Cameco.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, November 2nd. The basic materials company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.12. Cameco had a negative net margin of 2.65% and a positive return on equity of 3.99%. The business had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $576.92 million. During the same period in the previous year, the company earned ($0.13) earnings per share. Cameco’s revenue for the quarter was up .4% on a year-over-year basis.

CCJ has been the subject of a number of analyst reports. Rosenblatt Securities cut shares of Cameco to a “hold” rating in a research note on Monday, November 5th. Howard Weil upgraded shares of Cameco from a “sector underperform” rating to a “sector perform” rating in a research note on Friday, September 28th. Zacks Investment Research upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Royal Bank of Canada upped their target price on shares of Cameco from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, November 5th. Finally, Bank of America upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Cameco currently has an average rating of “Hold” and a consensus target price of $15.00.

A number of institutional investors have recently made changes to their positions in CCJ. Vaughan Nelson Investment Management L.P. increased its holdings in Cameco by 19.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 7,548,919 shares of the basic materials company’s stock valued at $86,059,000 after buying an additional 1,221,880 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Cameco by 23.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,403,105 shares of the basic materials company’s stock worth $50,161,000 after purchasing an additional 835,328 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Cameco by 23.5% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,650,913 shares of the basic materials company’s stock worth $30,194,000 after purchasing an additional 504,000 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Cameco by 173.2% in the 3rd quarter. Korea Investment CORP now owns 760,057 shares of the basic materials company’s stock worth $8,661,000 after purchasing an additional 481,900 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Cameco by 295.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 603,408 shares of the basic materials company’s stock worth $6,879,000 after purchasing an additional 450,970 shares during the last quarter. 48.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cameco stock traded down $0.16 on Friday, reaching $12.12. The stock had a trading volume of 1,077,018 shares, compared to its average volume of 1,676,227. The company has a current ratio of 2.14, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21. Cameco has a fifty-two week low of $8.34 and a fifty-two week high of $12.78. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 101.00 and a beta of 0.91.

The firm also recently declared an annual dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were issued a $0.0608 dividend. This represents a yield of 0.49%. The ex-dividend date of this dividend was Thursday, November 29th. Cameco’s dividend payout ratio (DPR) is presently 50.00%.

About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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