-$0.05 Earnings Per Share Expected for Cloud Peak Energy Inc (CLD) This Quarter
Equities research analysts expect that Cloud Peak Energy Inc (NYSE:CLD) will post earnings per share of ($0.05) for the current quarter, Zacks reports. Four analysts have issued estimates for Cloud Peak Energy’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.09). Cloud Peak Energy posted earnings of $0.06 per share in the same quarter last year, which suggests a negative year over year growth rate of 183.3%. The firm is expected to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Cloud Peak Energy will report full year earnings of ($0.47) per share for the current financial year, with EPS estimates ranging from ($0.60) to ($0.42). For the next financial year, analysts forecast that the firm will post earnings of ($0.33) per share, with EPS estimates ranging from ($1.06) to ($0.11). Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last issued its earnings results on Thursday, July 27th. The mining company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $229.20 million during the quarter, compared to the consensus estimate of $236.94 million. Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The firm’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS.
A number of equities analysts recently issued reports on CLD shares. Zacks Investment Research downgraded shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets set a $4.00 price target on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research note on Saturday, August 5th. ValuEngine downgraded shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub downgraded shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $6.00 price target on shares of Cloud Peak Energy in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Cloud Peak Energy presently has an average rating of “Hold” and an average target price of $5.41.
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A number of large investors have recently made changes to their positions in CLD. Louisiana State Employees Retirement System boosted its stake in shares of Cloud Peak Energy by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock worth $108,000 after buying an additional 100 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Cloud Peak Energy by 78.5% in the first quarter. BNP Paribas Arbitrage SA now owns 24,555 shares of the mining company’s stock worth $112,000 after buying an additional 10,801 shares during the period. KCG Holdings Inc. acquired a new stake in shares of Cloud Peak Energy during the first quarter worth $112,000. Hartford Investment Management Co. acquired a new stake in shares of Cloud Peak Energy during the second quarter worth $119,000. Finally, AJO LP acquired a new stake in shares of Cloud Peak Energy during the second quarter worth $120,000. Institutional investors and hedge funds own 81.08% of the company’s stock.
Shares of Cloud Peak Energy (NYSE CLD) opened at 3.04 on Wednesday. Cloud Peak Energy has a 52 week low of $2.90 and a 52 week high of $8.03. The firm’s market capitalization is $228.40 million. The stock has a 50 day moving average price of $3.47 and a 200 day moving average price of $4.00.
About Cloud Peak Energy
Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.
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