Westmoreland Coal Company (WLB) Expected to Post Earnings of $0.75 Per Share
Brokerages forecast that Westmoreland Coal Company (NASDAQ:WLB) will report earnings of $0.75 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Westmoreland Coal’s earnings. The highest EPS estimate is $1.35 and the lowest is $0.14. Westmoreland Coal posted earnings per share of ($0.41) in the same quarter last year, which suggests a positive year over year growth rate of 282.9%. The business is expected to announce its next earnings results on Tuesday, March 27th.
According to Zacks, analysts expect that Westmoreland Coal will report full year earnings of ($4.95) per share for the current financial year, with EPS estimates ranging from ($5.55) to ($4.34). For the next year, analysts anticipate that the firm will post earnings of ($2.63) per share, with EPS estimates ranging from ($5.05) to ($0.20). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Westmoreland Coal.
Several equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating on shares of Westmoreland Coal in a research report on Monday, November 6th. Zacks Investment Research upgraded shares of Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, FBR & Co reiterated a “buy” rating and set a $7.00 target price on shares of Westmoreland Coal in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.00.
Westmoreland Coal (NASDAQ WLB) traded down $0.01 on Friday, reaching $1.11. 312,385 shares of the company traded hands, compared to its average volume of 315,099. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.71. Westmoreland Coal has a one year low of $0.95 and a one year high of $19.03.
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Westmoreland Coal Company Profile
Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.
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