Cloud Peak Energy Inc (CLD) Expected to Post Earnings of -$0.02 Per Share
Equities research analysts forecast that Cloud Peak Energy Inc (NYSE:CLD) will report earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cloud Peak Energy’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.03. Cloud Peak Energy reported earnings per share of $0.39 during the same quarter last year, which would indicate a negative year-over-year growth rate of 105.1%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that Cloud Peak Energy will report full year earnings of ($0.39) per share for the current financial year, with EPS estimates ranging from ($0.43) to ($0.37). For the next financial year, analysts forecast that the firm will report earnings of ($0.13) per share, with EPS estimates ranging from ($0.22) to ($0.01). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, October 26th. The mining company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The company had revenue of $249.00 million during the quarter, compared to the consensus estimate of $254.82 million. During the same quarter in the previous year, the business posted $0.06 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis.
A number of research analysts recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $6.00 price target on shares of Cloud Peak Energy in a research report on Friday, October 13th. BMO Capital Markets set a $4.00 price target on Cloud Peak Energy and gave the stock a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded Cloud Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine cut Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, B. Riley restated a “neutral” rating on shares of Cloud Peak Energy in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Cloud Peak Energy presently has an average rating of “Hold” and an average price target of $5.11.
Institutional investors have recently added to or reduced their stakes in the business. KCG Holdings Inc. bought a new position in Cloud Peak Energy in the first quarter valued at about $112,000. Louisiana State Employees Retirement System grew its position in 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 valued at $108,000 after acquiring an additional 100 shares during the last quarter. Hartford Investment Management Co. bought a new position in Cloud Peak Energy in the second quarter valued at about $119,000. AJO LP bought a new position in Cloud Peak Energy in the second quarter valued at about $120,000. Finally, IndexIQ Advisors LLC bought a new position in Cloud Peak Energy in the second quarter valued at about $123,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.
Shares of Cloud Peak Energy (CLD) remained flat at $$4.27 during midday trading on Friday. The company’s stock had a trading volume of 1,060,933 shares, compared to its average volume of 1,300,660. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.61. Cloud Peak Energy has a one year low of $2.78 and a one year high of $6.65. The company has a market cap of $320.86, a P/E ratio of 53.38 and a beta of 1.64.
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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