Equities research analysts expect Cloud Peak Energy Inc. (NYSE:CLD) to report earnings of ($0.04) per share for the current quarter, Zacks reports. Three analysts have provided estimates for Cloud Peak Energy’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.06). Cloud Peak Energy posted earnings per share of $0.03 during the same quarter last year, which would suggest a negative year-over-year growth rate of 233.3%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that Cloud Peak Energy will report full year earnings of ($0.58) per share for the current financial year, with EPS estimates ranging from ($0.66) to ($0.48). For the next year, analysts anticipate that the firm will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.59) to ($0.21). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Cloud Peak Energy.

Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results 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). Cloud Peak Energy had a negative net margin of 1.94% and a negative return on equity of 4.68%. The firm had revenue of $205.70 million for the quarter, compared to the consensus estimate of $230.72 million. During the same quarter last year, the company earned ($0.09) earnings per share. The firm’s revenue was down 10.3% on a year-over-year basis.

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

Several institutional investors and hedge funds have recently made changes to their positions in CLD. Wells Fargo & Company MN raised its position in shares of Cloud Peak Energy by 81.7% during the first quarter. Wells Fargo & Company MN now owns 213,684 shares of the mining company’s stock valued at $622,000 after buying an additional 96,069 shares during the last quarter. Prudential Financial Inc. raised its position in Cloud Peak Energy by 33.8% in the first quarter. Prudential Financial Inc. now owns 159,669 shares of the mining company’s stock worth $465,000 after purchasing an additional 40,374 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Cloud Peak Energy by 30.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,847,413 shares of the mining company’s stock worth $5,376,000 after purchasing an additional 429,957 shares in the last quarter. Systematic Financial Management LP raised its position in Cloud Peak Energy by 11.6% in the first quarter. Systematic Financial Management LP now owns 407,690 shares of the mining company’s stock worth $1,186,000 after purchasing an additional 42,220 shares in the last quarter. Finally, BlackRock Inc. raised its position in Cloud Peak Energy by 2.1% in the first quarter. BlackRock Inc. now owns 9,439,474 shares of the mining company’s stock worth $27,468,000 after purchasing an additional 193,166 shares in the last quarter. 81.78% of the stock is owned by institutional investors and hedge funds.

CLD stock opened at $2.47 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.29. Cloud Peak Energy has a 52-week low of $2.14 and a 52-week high of $5.70. The stock has a market cap of $182.63 million, a price-to-earnings ratio of -5.74 and a beta of 1.95.

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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Earnings History and Estimates for Cloud Peak Energy (NYSE:CLD)

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