Wall Street brokerages expect Clean Energy Fuels Corp. (NASDAQ:CLNE) to report earnings per share (EPS) of ($0.11) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Clean Energy Fuels Corp.’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.09). Clean Energy Fuels Corp. posted earnings of ($0.02) per share in the same quarter last year, which suggests a negative year over year growth rate of 450%. The business is scheduled to issue its next quarterly earnings report on Tuesday, March 6th.
On average, analysts expect that Clean Energy Fuels Corp. will report full-year earnings of ($0.43) per share for the current fiscal year. For the next financial year, analysts forecast that the firm will post earnings of ($0.36) per share, with EPS estimates ranging from ($0.44) to ($0.27). Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Clean Energy Fuels Corp..
Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.49). The firm had revenue of $81.80 million during the quarter, compared to analyst estimates of $85.43 million. Clean Energy Fuels Corp. had a negative return on equity of 10.52% and a negative net margin of 15.47%. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share.
A number of equities analysts have commented on the company. Zacks Investment Research downgraded Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub downgraded Clean Energy Fuels Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, ValuEngine cut Clean Energy Fuels Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th.
Clean Energy Fuels Corp. (NASDAQ CLNE) opened at $2.02 on Thursday. Clean Energy Fuels Corp. has a 52 week low of $1.96 and a 52 week high of $3.83. The company has a quick ratio of 3.05, a current ratio of 3.52 and a debt-to-equity ratio of 0.48.
Several hedge funds and other institutional investors have recently bought and sold shares of CLNE. Bank of New York Mellon Corp increased its holdings in shares of Clean Energy Fuels Corp. by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 606,353 shares of the utilities provider’s stock valued at $1,547,000 after buying an additional 53,552 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Clean Energy Fuels Corp. during the 1st quarter worth approximately $189,000. American International Group Inc. grew its position in Clean Energy Fuels Corp. by 7.7% during the 1st quarter. American International Group Inc. now owns 54,273 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 3,864 shares in the last quarter. Teachers Advisors LLC grew its position in Clean Energy Fuels Corp. by 11.2% during the 1st quarter. Teachers Advisors LLC now owns 897,022 shares of the utilities provider’s stock worth $2,287,000 after purchasing an additional 90,696 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Clean Energy Fuels Corp. by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 9,626,214 shares of the utilities provider’s stock worth $24,547,000 after purchasing an additional 728,727 shares in the last quarter. 33.91% of the stock is currently owned by institutional investors.
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Clean Energy Fuels Corp. Company Profile
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.
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