Cameco (CCJ) Set to Announce Quarterly Earnings on Tuesday

Cameco (NYSE:CCJ) (TSE:CCO) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Cameco has set its FY 2024 guidance at EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $620.00 million for the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. On average, analysts expect Cameco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cameco Price Performance

NYSE:CCJ traded down $0.26 during trading hours on Thursday, reaching $48.50. 594,100 shares of the company were exchanged, compared to its average volume of 5,050,623. The company has a market capitalization of $21.06 billion, a P/E ratio of 80.68 and a beta of 0.92. Cameco has a 1-year low of $25.72 and a 1-year high of $52.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. The business has a 50 day moving average of $44.15 and a 200 day moving average of $43.81.

Wall Street Analyst Weigh In

CCJ has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 target price for the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.