EnergySolutions, Inc (NYSE:ES), based in Salt Lake City, appointed a representative of its largest shareholder in a management shake-up while lowering its profit guidance for the year, mentioning the corporation required new leadership as the nuclear industry changes.
Shares of the company tumbled 46 cents or 13% to $3.13 in premarket trading. EnergySolutions stocks fell 23% during the previous 12 months.
Nuclear power contractor EnergySolutions has reported a yearly loss for two years in a row and has been trying to lower costs.
The corporation again lowered its earnings forecast for the year on Monday to $130 million to $140 million. The company predicted adjusted profit of $150 million to $160 million previous month, low from the initial forecast of $155 million to $165 million in March. Analysts surveyed by FactSet forecast $153 million by that profit measure.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. US Ecology Inc. (NASDAQ:ECOL) fell -2.66% to settle at $17.19, Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) moved up +1.69% to end at $17.41 while Clean Harbors Inc (NYSE:CLH) plunged -2.98% to finish on Monday at $57.86.
EnergySolutions, Inc. (NYSE:ES) on June 11, 2012 increased -54.87% to the closing price of $1.62. The overall volume in the last trading session was 32.13 million shares. Its fifty two week range was $1.55-$5.43. The total market capitalization remained $144.47 million.
ES is down its 52 week low with -41.30% and lagging behind from its 52 week high price with -70.17%. ES last month stock price volatility remained 8.14%. In its share capital ES has 89.18 million outstanding shares among them 79.24 million shares have been floated in market exchange. ES stock institutional ownership remained 77.20% while insider ownership included 1.82%.
The stock price of ES is moving down from its 20 days moving average with -50.92% and remote negatively from 50 days moving average with -58.17%. ES current year earnings per share experienced a downfall of -788.88% while its current quarter performance remained -62.33%. Company’s beta coefficient included 1.45. Beta factors measures the amount of market risk associated with market trade.
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