Wall Street brokerages expect Cloud Peak Energy Inc. (NYSE:CLD) to post sales of $253.04 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cloud Peak Energy’s earnings. The lowest sales estimate is $251.80 million and the highest is $254.02 million. Cloud Peak Energy posted sales of $248.88 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The firm is expected to announce its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Cloud Peak Energy will report full year sales of $908.24 million for the current financial year, with estimates ranging from $866.00 million to $934.50 million. For the next fiscal year, analysts forecast that the company will post sales of $961.93 million, with estimates ranging from $936.20 million to $988.80 million. Zacks’ sales averages are an average based on a survey of analysts that follow Cloud Peak Energy.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, July 26th. The mining company reported ($0.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.25). The business had revenue of $205.70 million during the quarter, compared to the consensus estimate of $230.72 million. Cloud Peak Energy had a negative return on equity of 4.68% and a negative net margin of 1.94%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) earnings per share.

A number of brokerages recently issued reports on CLD. Jefferies Financial Group set a $3.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Monday, July 30th. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, July 3rd. BMO Capital Markets decreased their price target on shares of Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Friday, July 27th. ValuEngine cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Clarkson Capital cut shares of Cloud Peak Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, July 24th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $3.60.

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new stake in Cloud Peak Energy during the second quarter valued at about $8,157,000. MetLife Investment Advisors LLC boosted its holdings in Cloud Peak Energy by 219.7% during the second quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after acquiring an additional 27,108 shares during the period. SG Americas Securities LLC boosted its holdings in Cloud Peak Energy by 160.7% during the second quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock valued at $143,000 after acquiring an additional 25,248 shares during the period. Engineers Gate Manager LP bought a new stake in Cloud Peak Energy during the second quarter valued at about $168,000. Finally, Hartford Investment Management Co. bought a new stake in Cloud Peak Energy during the second quarter valued at about $183,000. Institutional investors own 81.78% of the company’s stock.

Shares of NYSE:CLD opened at $2.44 on Thursday. Cloud Peak Energy has a 1 year low of $2.14 and a 1 year high of $5.70. The company has a quick ratio of 1.29, a current ratio of 1.86 and a debt-to-equity ratio of 0.42.

About Cloud Peak Energy

Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.

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